Tesla's Stocks closed up 4.34% on Friday at $436.23, close to an all-time high.
According to Zhixin Finance APP, Tesla (TSLA.US) Stocks closed up 4.34% on Friday at $436.23, close to an all-time high. Meanwhile, the S&P 500 Index was essentially flat, while the Dow Jones Industrial Average fell by 0.1%.
According to foreign media reports, Trump may cancel the requirement for Auto Manufacturers to report accidents that occur while using advanced driver-assistance systems (such as adaptive cruise control). This policy was established by the National Highway Traffic Safety Administration (NHTSA) in the USA, aimed at collecting key data in a timely manner through mandatory reports to enhance safety monitoring of Self-Driving Cars and driver assistance systems.
In response to comments, NHTSA stated, "This general order is a pioneering tool that can promptly collect accident data involving advanced driver-assistance systems (ADAS) and self-driving system (ADS) vehicles, including heavy trucks equipped with ADS technology. This requirement significantly enhances NHTSA's ability to monitor safety defects, allowing it to be informed of potential safety issues within a day."
Tesla has benefited significantly under this policy, as it reported the most driver-assistance incidents. Tesla vehicles automatically collect relevant data through Vehicle Networking technology and have reported nearly 1,600 such incidents to NHTSA. In comparison, Honda, which ranked second, reported only over 100 incidents, of which approximately 1,450 reports came from Tesla's Vehicle Networking data, accounting for about 70% of the NHTSA database.
Although this database has limited direct impact on Tesla's stock price, the market may view this as a signal that the Trump administration is more favorable towards emerging driving technologies. Tesla plans to launch a Self-Driving taxi service in 2025. Wedbush Analyst Dan Ives mentioned in a report that services like Self-Driving taxis could bring Tesla trillions of dollars in market opportunities.
Additionally, Tesla released a new feature called "Smart Summon" in China on Friday. It is reported that this self-driving feature allows owners to remotely summon their vehicles from parking lots or private driveways, highlighting its development in self-driving technology.
Despite the exciting future of Tesla, Wall Street Analysts remain cautious about the continued rise in its stock price. Currently, only 44% of Analysts have given a 'Buy' rating, with the average target stock price at $275.62, which is 34% lower than the current level. However, Wedbush Analysts are more optimistic, predicting that by the end of 2025, Tesla's Market Cap could reach $2 trillion. They point out that 'Full Self-Driving (FSD), self-driving technology, and the launch of Cybercab in early 2026 are key to Tesla's future growth.'