Tesla (TSLA) stock posted its best week since November’ꦆs presidential election as investors looked ahead to a future with looser autonomous car regulations and a more focused CEO. 

Tesla shares soared nearly 10% on Friday after the Department of Transportation released 澳洲幸运5官方开奖结果体彩网:an Automated Vehicle Framework intended to relax regulatory standards. The stock gained 18% this week, easily its best week this year and its biggest weekly gain since rising nearly 30% the week 澳洲幸运5官方开奖结果体彩网:Donald Trump was re-elected. 

Shares rose more than 4.5% on Tuesday amid a broad stock rally driven by optimism that the Trump administration 澳洲幸运5官方开奖结果体彩网:will lower the steep tariff rates it imposed earlier this month. The stock's ascent picked up pace on Wednesday after Musk assured investors that, starting in May, he would 澳洲幸运5官方开奖结果体彩网:spend less time leading President Trump’s Department of Government Efficiency, a position that investors worry has both 澳洲幸运5官方开奖结果体彩网:distracted Musk and 澳洲幸运5官方开奖结果体彩网:damaged Tesla’s brand. 

Musk’s decision to re-focus on Tesla offset otherwise 澳洲幸运5官方开奖结果体彩网:bleak quarterly results. The electric vehicle maker reported a 20% decline in automotive revenue, narrower margins, and a nearly 40% decline in adjusted earnings. It also declined to issue full-year guidance in light o💝f the uncertainty surrounding tariffs and the overall economic outlook. 

In the near term, the company faces a bumpy road, with tariffs expected to drive up manufacturing costs and, in the event of a recession, curb consumer spending. The company could also struggle to shake its association with President Trump, whose unpopularity abroad has contributed to 澳洲幸运5官方开奖结果体彩网:a sharp drop in Tesla sales even as total EV sales ♓have risen.

Analysts at several firms, including JPMorgan and Bank of America, lowered their estimates of Tesla’s full-year earnings after Tuesday’s disappointing numbers. At the same time, several 澳洲幸运5官方开奖结果体彩网:left their price targets unchanged, reflecting Wall Street’s faith in Tesla’s ability to overcome near-term h🦹eadwinds. 

Musk has said Tesla’s value—he has forecast it will be “the most valuable company in the world 澳洲幸运5官方开奖结果体彩网:and probably by a long shot”—has as much, if not more, to do with its development of AI, autonomous driving, and robotics than the electric vehicles that account for the bulk of its revenue today. On Tuesday’s earnings call, Musk 澳洲幸运5官方开奖结果体彩网:reiterated some a🌸mbitious timelines for the rollout of self-driving cars, robotaxis, and humanoid robots.