Shares of Tesla Inc. slid 3.96% to $338.59 Monday, on what proved to be an all-around great trading session for the stock market, with the NASDAQ Composite Index rising 0.27% to 19,054.84 and the Dow Jones Industrial Average rising 0.

Tesla (NASDAQ: TSLA) stock raced ahead by 7% through 10 a.m. ET Monday after Bloomberg reported that the incoming Trump administration wants to enact "a federal framework for fully self-driving vehicles.

Shares of electric vehicle pioneer Tesla (NASDAQ:TSLA) jumped 8.9% in the afternoon session after Bloomberg reported that the Trump administration seeks to create a federal framework for self-driving cars.

Stock futures, and Tesla shares, were higher on Monday following President-elect Donald Trump’s Treasury Secretary pick Scott Bessent.

Shares of Tesla (NASDAQ: TSLA) were heading lower on reports that the Trump administration planned to eliminate the $7,500 electric vehicle (EV) tax credit. Tesla also issued its sixth recall this year for the Cybertruck,