Tesla Investors Are Banking on Elon Musk's Relationship with Donald Trump

© Shutterstock/QubixStudio

This is a figure that can make your head spin. Since November 5 and the election of Donald Trump, Tesla's stock has jumped 80% according to the latest figures from Friday, December 27. However, the manufacturer is not coming off a good year, but its relations with the future American president make investors particularly optimistic. Let's take stock.

Disappointing sales ?

While Tesla is about to unveil its latest quarterly figures, there is nothing to brag about for Elon Musk's firm. Indeed, as the New York Times reminds us, the company's sales will be down about 6% in 2024 in the United States, giving it 4% of the global car market.

In the European Union, the company's sales fell 15% in November compared to the previous year to 211,000. Finally, they are also falling in the Middle Kingdom, which is now the world's largest car market.

200% Deposit Bonus up to €3,000 180% First Deposit Bonus up to $20,000

Elon Musk, now very vocal on the political front, has barely mentioned the case of Tesla in recent weeks. Quoted by our colleagues, Kenneth Boyer, professor of commerce at Ohio State University, recalls that in 2018, the billionaire was enormously devoted to the manufacturer. He has since multiplied his activities with the acquisition of Twitter which became X and now a government position: ” The question now is what has Elon committed to, or is he too scattered ? “, the expert wonders.

Optimism remains the order of the day

That said, investors clearly continue to trust him. And it is especially the subject of the robotaxi that makes them optimistic. The entrepreneur is in a strong position within the new government, so much so that some have nicknamed him the “co-president”. He therefore seems able to influence the next government in order to eliminate regulatory obstacles to the deployment of autonomous vehicles.

While it will likely be many years before autonomous driving becomes a mainstream phenomenon, companies like Google’s Waymo are already deploying their fleets in several major U.S. cities. Eventually, traders seem confident that Tesla can beat it to the punch.

As Leonard Kostovetsky, an associate professor at Baruch College’s Zicklin School of Business, puts it nicely: “Stock prices are very closely tied to what people think of Elon Musk,. whether you think he is a genius or just lucky ».

📍 To not miss any Presse-citron news, follow us on Google News and WhatsApp.

[ ]