Tesla shares rose 4% after Florida Governor Ron DeSantis promised to make Tesla's flying Roadster legal in the state. This pledge followed Tesla's recent demonstration of the Roadster's brief flight capabilities, boosting investor enthusiasm. Meanwhile, smaller EV makers Rivian and Lucid saw their shares decline. Although the governor's support is symbolic since federal approval is required for flying vehicles, the announcement highlights Tesla's unique position and innovation in the EV market. Investors should watch for federal regulatory decisions and production timelines for the flying Roadster.
Tesla shares on Pluang rose 4.07% to USD 369.15 as of Oct 20, 2026 00:02 WIB, reflecting strong investor interest. Rivian and Lucid shares fell slightly, down 0.81% and 1.12% respectively. Tesla's market cap stands at $1.40T, much larger than Rivian's $17.98B and Lucid's $1.23B, showing its dominant position in the EV sector.
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