Tesla (TSLA) stock posted its best week since Nov🌃ember’s presidential election as investors looked ahead to a future with looser autonomous cꦫar regulations and a more focused CEO. 

Tesla shares soared nearly 10% on Friday after the Department of Transportation released 澳洲幸运5开奖号码历史查询: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开奖号码历史查询: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开奖号码历史查询: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开奖号码历史查询:spend less time leading President Trump’s Department of Government Efficiency, a position that investors worry has both 澳洲幸运5开奖号码历史查询:distracted Musk and 澳洲幸运5开奖号码历史查询:damaged Tesla’s brand. 

Musk’s decision to re-focus on Tesla offset otherwise 澳洲幸运5开奖号码历史查询:bleak quarterly results. The electric vehicle maker reported a 20% decline in automotive rev🧸enue, narrower margins, and a nearly 40% decline in adjusted earnings. It also declined to issue full-year guidance in light of 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开奖号码历史查询:a sharp drop in Tesla sales even as total EV saꦫ𒆙les 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开奖号码历史查询:left their price targets unchanged, reflecting Wall Street’s faith in 🌺Te♉sla’s ability to overcome near-term headwinds. 

Musk has said Tesla’s value—he has forecast it will be “the most valuable company in the world 澳洲幸运5开奖号码历史查询: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开奖号码历史查询:reiterated some ambitious timelines for the rollout of self-driving cars, robotaxis, and humanoid robots.