On December 16, 2024, Tesla’s shares rose 0.7%, recovering from earlier losses amidst volatile trading. Earlier in the week, shares fell 8%, marking their worst day since before Trump’s election victory, but remained up 72% since November 5. Musk’s close ties to Trump, including a role in a new governmental body, have fueled investor optimism. Although Tesla has yet to deliver fully autonomous vehicles, plans for regulatory frameworks for self-driving cars could support its future. Meanwhile, Tesla’s European sales dropped 40.9% in November, and the company announced a recall of nearly 700,000 vehicles in the U.S. due to a tire pressure issue.
