Tesla stock is on a winning streak, up for five consecutive days coming into Tuesday's trading. Shares are down early as investors try to catch their breath following epic gains.
Tesla stock is almost twice as expensive as Nvidia stock right now.
Tesla's 39% surge since Donald Trump's election victory last week has lifted Elon Musk's net worth by about $70 billion. Musk's wealth rocketed past $300 billion in the days since the election, putting him about $90 billion above Larry Ellison, the world's second-richest person.
Dan Ives, Wedbush Securities senior equity research analyst, joins CNBC's 'Closing Bell' to discuss outlooks on Tesla.
The S&P 500 closed just below the 6,000 mark on Monday.
Hedge funds that had short positions on Tesla between Election Day and Friday's close suffered an on-paper hit of at least $5.2 billion, according to Bloomberg calculations based on data compiled by S3 Partners.
Hedge Funds that made a short bet on Tesla lost more than $5 billion since Donald Trump's big election win. Bloomberg's David Welch joins Caroline Hyde and Ed Ludlow to discuss on "Bloomberg Technology.
Steve Westley says BYD Co. (BYDDY) and other Chinese EV makers are speeding up to Tesla (TSLA) faster than the company realizes. Bill Page points to Rivian (RIVN) as another company "doing a great job" in establishing itself in the EV industry.
Tesla may be the highest-profile stock market winner over the last week, but there are several stocks which have outperformed the Elon Musk-led car company thanks to similar optimism about macro conditions under the incoming administration.
Following Donald Trump's victory in the 2024 US presidential election, tech CEOs were quick to send congratulatory messages. However, Sherwood Senior Correspondent Ronnie Molla suggests this public show of support was more calculated than genuine.
Investors are piling into bullish options bets on Tesla shares, with the stock hitting its highest level in more than two years on bets that CEO Elon Musk's close ties to President-elect Donald Trump may benefit the electric car maker.
Tesla stock costs more than $1 trillion now. Is that too expensive?