Tesla Stock Surges Amid Reports of Relaxed Self-Driving Regulations

Tesla shares surged following reports that the Trump administration plans to prioritize a federal framework for autonomous vehicles, a move seen as beneficial for Tesla's self-driving ambitions. Wedbush analyst Daniel Ives views this as a significant regulatory milestone, potentially boosting Tesla's valuation to $1.5-$2 trillion in the next 12-18 months. Ives rates Tesla as a Buy with a $400 price target, though the stock holds a Neutral consensus among analysts, who generally see it as overvalued.