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.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.


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.

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.


The Chart for Block Inc. (SQ) Stock Is Flashing Mixed Signals

In the first quarter, large investment funds expanded their...

What to Expect When Snap Inc. (SNAP) Reports Quarterly Earnings?

Snapchat, a social media platform owned by Snap Inc....

Getting Sustainable Earnings? Movado Group Inc. (MOV)

Movado Group Inc. (NYSE: MOV), the owner of the...

Future Prospects Brighter For Red Cat Holdings Inc. (RCAT) Stock

The US Army has awarded Red Cat Holdings, Inc....



Don't miss

Healthy Upside Potential: Maxar Technologies Ltd. (MAXR)

In May 25 trading, shares of space business Maxar...

Atkore Inc. (ATKR) stock: Better Than You Think

Atkore Inc. (NYSE:ATKR), a manufacturer of infrastructure, electrical, and...

Provention Bio, Inc. (PRVB) Having a Robust Premarket After Abysmal Thursday

Provention Bio, Inc. (PRVB), a clinical stage biopharmaceutical company,...

Farmmi, Inc. (FAMI) Stock Soaring in Premarket, Here’s the Reason

Farmmi, Inc. (FAMI), a company that processes and sells...

Ulta Beauty Inc. (ULTA) last month performance of -6.16% certainly makes it a sizzling prospect

Ulta Beauty Inc. (NASDAQ: ULTA) open the trading on May 26, 2022, with great promise as it jumped 7.09% to $377.96. During the day,...

The key reasons why Alset EHome International Inc. (AEI) is -95.54% away from 52-week high?

Witnessing the stock’s movement on the chart, on May 26, 2022, Alset EHome International Inc. (NASDAQ: AEI) set off with pace as it heaved...

StoneCo Ltd. (STNE) latest performance of 2.97% is not what was on cards

StoneCo Ltd. (NASDAQ: STNE) established initial surge of 2.97% at $9.71, as the Stock market unbolted on May 26, 2022. During the day, the...


Please enter your comment!
Please enter your name here