Tesla Stock Rises 4% Amid Trump Administration’s Robotics Push
Tesla shares surged 4.08% to $446.95 following reports of a forthcoming executive order aimed at accelerating U.S. robotics development. Commerce Secretary Howard Lutnick's closed-door meetings with industry CEOs signaled strong governmental support, with potential policy action by 2026.
The rally extended across the robotics sector, with Serve Robotics and Richtech Robotics posting gains exceeding 18%. Tesla's November China sales grew 9.9% year-over-year, marking the strongest performance since September 2022.
Technical indicators show bullish momentum as Tesla stock trades above its 50-day moving average of $442, navigating between key support at $420 and resistance at $460. The Commerce Department emphasized robotics' role in reshoring critical manufacturing capabilities.
