Tesla Inc (TSLA) Might Get Tougher Time Ahead

On the day of the US election on November 3, Tesla Inc’s (TSLA) shares rose, but the price is still marginally lower, as Joe Biden’s presidency may not only bring positive changes to the company, but also reinforce the legislative regulation of activities.

After Joe Biden’s win, the shares of Tesla and other electric car manufacturers, including major traditional players such as General Motors ( GM), as well as solar energy firms, increased by the number of votes in the November 3 US election.

In his campaign, Biden proposed plans to promote the growth of the United States’ electric car and solar energy industries. At the same time, analysts remember that businesses will face more strict labor law standards and other conditions regulating their operations with the arrival of a Democrat in the White House.

Biden’s plans include building an electric vehicle charging infrastructure and installing at least 500,000 charging stations in the United States. Creating 1 million new auto-industry jobs in the country. Replacing the Federal Government automobile fleets with electric vehicles, including vehicles used for postal services and other Federal businesses. Work with the States to introduce tougher emission standards for combustion engine vehicles. Exceed China in the capacity to manufacture electric vehicles (including materials and components). Providing incentives to customers who trade their vehicles for newer and safer cars manufactured in the United States. Expanding research and development related to batteries within the country.

These measures could fuel demand for electric vehicles in the US up and increase competition from conventional combustion engine vehicles even further. In order to build the necessary infrastructure, encouraging more charging stations would also play a crucial role.

It is not yet known to what degree the promised program of Biden will be enforced and what the regulatory effect will be, as decisions will be taken theoretically by “divided” Congress, whose seats are divided 48 to 48 between Democrats and Republicans, according to the latest data.

After Republicans held seats in South Carolina and Iowa, whose votes were vigorously challenged, Democrats’ hopes of winning control of the Senate are dwindling. Senate control can be reduced to the Georgia election, which will be determined on January 5 in the second round. The Democrats maintain control of the House of Representatives.

At the same time, the Biden initiative involves the aim of improving trade unions that do not currently exist at Tesla’s US manufacturing plants. In the future, this could mean a change in the rules for the company, especially because Tesla is already facing charges by the US National Labor Relations Board of breaching labor laws, appealing the California administrative court’s decision.

A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .


The autopilot systems of Tesla Inc (TSLA) could be subject to more careful verification. Earlier, reviewing fatal accidents involving Tesla vehicles, the National Highway Traffic Safety Administration (NHTSA) pointed out errors in the design and functions of the autopilot system.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Recent Articles

The Facts You Need to Know about Itron Inc. (ITRI) Moving Forward

Itron, Inc. (NASDAQ: ITRI) released a positive update for the fourth quarter and full-year 2020. This quarter was highlighted by a record portfolio of...

One stock you can’t skip: Bionano Genomics Inc. [BNGO]

Bionano Genomics Inc. (BNGO) stock prices have grown nearly 1,000% in the past 12 months. Despite this, some analysts feel that the shares have...

What the sentiment indicator is Signaling: CEVA Inc (CEVA)

CEVA, Inc. (NASDAQ: CEVA) reported its fourth-quarter report on Tuesday, February 16; the company signed 21 new agreements generating record revenues. CEVA provides OEMs with...

A Stock Check: Which direction Pinterest Inc (PINS) will move from here?

The social networking company Pinterest Inc (PINS) rose 226% in the past year. If the price has increased significantly, is it worthwhile to acquire...

Why Should Synaptics Incorporated (SYNA) Be On Your Radar?

Growing demand for laptops has allowed Synaptics Inc. (NASDAQ: SYNA) to expand its touchpad sales. The company becomes a technology leader in its narrow...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the Newsheater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.