What's behind Tesla's $570-billion boost despite wobbly demand? Musk’s political Trump card
Tesla's stock surged 73% post-election, driven by Elon Musk's support for President-elect Trump and anticipated policy influence. This contrasts with declining earnings expectations and uncertain profitability of robotaxi initiatives. Investors are betting on Musk's access to the administration, despite risks related to EV subsidy cuts and regulatory changes.
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