Tesla (TSLA) stock has been a blue chip stock for years under its CEO, Elon Musk, and has risen to greater heights after Donald Trump became the president-elect earlier this month. Musk threw his personal and financial support behind Trump, and his companies, both public and private, are expected to face more favorable winds next year.
Reports, including those by CWEB, indicate that the federal government will be setting up a team to investigate self-driving regulations at a national level. Texas and California already have such regulations, and if the Trump administration makes these rules federal, all-electric vehicle makers will benefit.
Elon Musk recently introduced robotaxis and cyber vans that will be rolled out in mid-2025. As these self-driving vehicles roll out, the company is expected to see a spike in stock value, which could reach up to $1000 depending on how quickly the electric vehicle makers can roll out these self-driving electric vehicles after federal regulations come into being.
Musk’s Tesla is also developing humanoid robots. The electric vehicle maker already uses these robots for operations in its manufacturing facilities. They reportedly perform simple tasks but are expected to perform more complex functions as research continues.
Tesla is considering these robots for its manufacturing facilities and wants to market them to other industries so that they can use them on their shop floors and generate additional revenue for Tesla.
CWEB analysts also predict that Musk might double his fortune and become the first person whose net worth could reach a trillion dollars over time. He is the largest shareholder of companies and platforms such as SpaceX and the social media platform X.
If and when Elon Musk decides to take companies such as SpaceX, X, and xAI public, he will once again add hundreds of billions to his net worth and might become the first trillion-dollar man.
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