Tesla's stock experienced a notable surge, driven by several positive developments. Reports that the Trump transition team may eliminate a regulation requiring automakers to report crashes involving self-driving systems have eased potential regulatory burdens for Tesla, boosting investor confidence. Additionally, the launch of Tesla's "Actually Smart Summon" feature in China has enhanced its autonomous driving capabilities, further fueling optimism. Tesla's recognition as the top company in the 2024 Kogod Made in America Auto Index and Morgan Stanley's endorsement as a top pick for 2025 have also contributed to the bullish sentiment. The broader market environment, with the Nasdaq reaching 20,000, has provided a favorable backdrop for tech stocks, including Tesla.
The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) saw a significant decline, dropping 7.75% to $2.38 as of 16:40 on Friday, December 13.