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Additionally, market sentiment may also be boosted by political and regulatory developments. Betting markets reflect an 89% probability that Elon Musk's compensation package will be approved, providing some positive sentiment around Tesla's leadership and future prospects. While this is a less direct influence, it nonetheless adds to the overall positive mood.
Another minor catalyst might be news regarding potential tariff adjustments. President Trump is considering relaxing import tariffs for vehicles assembled in the U.S., which could marginally benefit Tesla by lowering costs on parts. However, Grock notes that the impact on Tesla might be limited, primarily affecting vehicle parts, and wouldn't significantly alter overall margins, but it's a helpful development nonetheless.