Tesla Gains Amid Speculative Autonomous Vehicle Regulations

Tesla shares climbed more than 5% on Monday, following a report by Bloomberg. The news came a day after Elon Musk, was named as a co-head of the incoming administration's government efficiency department, Tesla has surged around 28% since Trump emerged victorious.

Tesla delivered robust Q3 results, highlighted by record vehicle deliveries, strong revenue growth, and operational efficiency improvements. The company achieved an 8% YoY increase in revenue to $25.2B, driven by continued expansion across its vehicle and energy businesses. Operating income grew to $2.7B, reflecting a 10.8% margin, despite a challenging macroeconomic environment. Cash and investments rose to $33.6B, with positive free cash flow of $2.7B contributing to the sequential $2.9B increase.

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