Tesla rejoined the club of technology companies valued over a trillion dollars after Donald Trump won the U.S. presidential elections. Share prices soared to over $320 per share as of the time of writing, but concerns of volatility loom amid pending
investigations into its Full-Self Driving software. Tesla investors felt deja vu heading into the weekend as the automaker's market valuation soared past $1 trillion for the first time since October 2021. The automaker's share price jumped nearly 30% since Tuesday as Donald Trump stormed back into office after winning the U.S. presidential elections.
made an email public on Friday, asking Tesla to 'revisit its communications' regarding the messaging around FSD. Even though Tesla encourages driver supervision for FSD, the title has drawn criticism for being misleading. FSD is a Level 2 driver assistance system with a sketchy safety record. has asked Tesla to respond to the letter by December 18. Just days after the Robotaxi reveal,
opened another investigation into 2.4 million Teslas equipped with FSD after four reported collisions, including a fatal crash. Those include all Teslas manufactured from 2016 onwards, including the Cybertruck. So even though the Trump win paints a rosy picture for the automaker, there's a long way ahead before FSD truly earns public trust. Have a tip? Contact the author: suvrat.kothari@insideevs.
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