Self-driving cars include vehicles equipped with advanced sensors, cameras, and AI algorithms, that can navigate, make decisions, and drive without human intervention. Ranging from partial to full automation, these vehicles aim to revolutionize transportation by improving safety, reducing traffic congestion, and providing mobility solutions for those unable to drive. Self-driving cars have the potential to improve safety and efficiency as automated vehicles may significantly reduce road accidents caused by human error. The potential market of autonomous vehicles is projected to grow exponentially in the coming decades and disrupt the automotive and transportation industries.
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Tesla soared more than 10% intraday, surpassing a market cap of 1 trillion US dollars, with Elon Musk's net worth exceeding 300 billion US dollars.
After Donald Trump won the usa presidential election, the 'number one contributor' Musk's Tesla company saw a sharp rise in its stock price this week, reaching a new high since 2022. Tesla's intraday high on Friday surged over 50% from its low point in late October. Investors are becoming increasingly optimistic that Tesla may benefit from Trump's return to the White House. Musk had previously stated that he would use his influence in the Trump administration to establish a federal approval process for autonomous cars.
Investors Elect to Accelerate Market on Election Week | Weekly Buzz