This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Akin to high-stakes poker, Elon Musk wagered the very future of Tesla and the rest of his expansive business empire by going all-in on Trump. Now, as his fortunes rise along with those of the president-elect, Wall Street expects Tesla to benefit in one way or another.
To wit, the Bank of America (BofA) has penned an interesting investment note today, arguing that Tesla stands to gain at the margins from a Trump victory and Elon Musk’s pivotal role in securing it.
While BofA analysts concede that Tesla’s position should remain largely neutral to most of Trump’s envisioned policy changes, they do believe that the EV giant might see potential upside vis-à-vis “the federal regulation of autonomous vehicles and FSD, which aligns with Elon Musk’s push for a national standard for self-driving.”
What’s more, given Elon Musk’s likely elevated status of the efficiency czar within the Trump administration 2.0, Tesla might see reduced scrutiny going forward:
“Tesla’s prospects may also benefit from a shift away from the aggressive scrutiny seen under the current administration.”
BofA analysts go on to add:
“The Trump administration’s approach could create a more favorable regulatory landscape, potentially accelerating Tesla’s Robotaxi deployment in 2025 by easing state-by-state regulatory burdens.”
For the benefit of those who might not be aware, Elon Musk had announced during the Cybercab…
Read full on Wccftech
