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Tesla Stock Gains Amid Senate Debate on California EV Regulations
Tesla Stock Gains Amid Senate Debate on California EV Regulations
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Tesla shares edged 0.7% higher in premarket trading to $337 as Wall Street maintains bullish sentiment despite political uncertainty surrounding California’s emissions standards. Morgan Stanley reiterated its Overweight rating with a $410 price target, highlighting Tesla’s $2.9 billion zero-emission vehicle credit program tied to state regulations.
The Senate is voting Thursday on a measure that could revoke California’s EPA waiver for setting stricter air quality rules—a decision with significant implications for EV manufacturers. Tesla’s board also gains new leadership, with Jack Hartung joining as director and audit committee member effective June 1.
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