Tesla rose more than 5% before the market opened

Tesla rose more than 5% in after-hours trading. Earlier reports stated that Trump may seek to relax restrictions on autonomous driving cars, and Musk is laying out plans for "fully autonomous" driving.

Comments

All Comments

Recommended for you

Bitcoin's correlation with U.S. stocks drops to five-year low

data shows that in 2024, Bitcoin and the Nasdaq index will only have a 52% correlation in the same direction, with a 30-day correlation dropping to 0.46, one of the lowest levels in the past five years. According to Fidelity data, the correlation between Bitcoin and the S&P 500 index is only 19%, making it the best performing asset class in terms of Sharpe ratio.
BAN briefly breaks through $0.4

According to market data reported , BAN has surged to $0.4 per coin in the short term due to the news of Binance launching BANUSDT perpetual contracts. The current price is $0.3227, representing a 24-hour increase of 97.89%.
CoinShares: Digital asset investment products saw net inflows of $2.2 billion last week

According to the latest weekly report from CoinShares, the inflow of funds into digital asset investment products increased by a further $2.2 billion last week, bringing the total inflow of funds since the first interest rate cut in September to $11.7 billion, and the total inflow of funds so far this year has reached a record-breaking $33.5 billion. Recent market activity, especially Bitcoin's breakthrough to a new historical high, has pushed the total asset under management (AuM) to a new high of $138 billion earlier this week. Ethereum seems to have shaken off negative sentiment, with inflows of $646 million (5% of AUM), possibly due to Justin Drake's Beam Chain network upgrade proposal and the recent US election. Solana also saw inflows of $24 million.
CointimeSG ·

Achieving stability through liquidity — Interview with MEXC’s Tracy Jin

MEXC vice president Tracy Jin discusses how a strong focus on liquidity ensures a seamless and stable trading experience for users in the ever-growing crypto market.
CointimeSG ·

A dozen crypto VCs share what’s next after Trump’s win and bitcoin’s

The last few days have been a whirlwind in the crypto world, with bitcoin crossing the $93,000 mark right after Donald Trump's election victory.
CointimeSG ·

Shiba Inu Targets $0.00006: CoinMarketCap Ranks It 11th with $14 Billion Market Cap

SHIB/USD faced resistance at $0.00002935 with potential support at $0.00002150 on the daily chart.
CointimeSG ·

Mobile Crypto Apps Are Climbing the Charts as Bitcoin Blasts Off

Bitcoin's recent spike to a new all-time high price has lifted the entire market—and mobile crypto apps on iOS and Android are surging too.
CointimeSG ·

Polymarket bettors see Lutnick as Treasury Secretary favorite after Musk endorsement

The odds of Cantor Fitzgerald CEO Howard Lutnick becoming Trump’s pick for Treasury Secretary have increased on Polymarket following Elon Musk’s endorsement, placing him slightly ahead of hedge fund manager Scott Bessent, seen as the other current favorite.
CointimeSG ·

Chain abstraction explained: What it is and the problems it solves

Chain abstraction is a concept that simplifies the user experience of blockchain technology and unifies transactions across multiple networks.
CointimeSG ·

Schwab, Citadel-backed digital assets firm EDX reaches $36bn in crypto volumes

EDX Markets, the institutional crypto exchange, announced that it processed $36 billion in cumulative notional trades during 2024.