Why Tesla Stock Is Soaring Today
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Shares of Tesla (TSLA) surged 8.7% as the Trump administration announced regulatory changes to expedite self-driving car deployment. The Transportation Department will relax rules, allowing exemptions from certain safety standards, aiming to outpace China in EV technology. This comes as Tesla faces declining sales and increased competition from Chinese manufacturers. Investors are optimistic that these changes will accelerate Tesla's self-driving timeline, although concerns remain about the company's valuation and Musk's leadership amid rising competition.
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