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$TSLA - TESLA RISES AS TRUMP ADMINISTRATION SIGNALS ROBOTICS PUSH
Tesla shares gained 1% after reports that the Trump administration plans to accelerate U.S. robotics development. Politico says Commerce Secretary Howard Lutnick has been meeting with robotics CEOs and may back an executive order next year.
Robotics stocks surged on the news, including Serve Robotics (+8%), Richtech Robotics (+11%), and Teradyne (+1%). The Commerce Department said robotics and advanced manufacturing are key to bringing production back to the U.S.
The initiative follows the administration’s AI acceleration plan, with a federal robotics working group reportedly in the works and new legislation under consideration.
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