Tesla stock rises as investors anticipate benefits from incoming Trump administration

Tesla's stock has surged 40% since the November 5 election, as investors anticipate potential benefits from the incoming Trump administration. CEO Elon Musk's close ties to Trump may influence policies affecting Tesla's electric vehicle credits and self-driving regulations. Tesla plans to launch a robotaxi service in California and Texas next year, but its current self-driving technology is classified as level two, requiring driver attention. The success of the robotaxi fleet depends on regulatory approval and technological advancements. Despite impressive growth in energy storage, Tesla's overall revenue increased only 8% in Q3. Analysts project 15% annual earnings growth, but the stock's high valuation raises concerns. Investors are advised to hold Tesla stock for now, awaiting better buying opportunities.