Tesla reclaims its $1 trillion market cap buoyed by Trump's win and blockbuster third-quarter 2024 results.
Tesla Inc (NASDAQ:TSLA) stock is extending its run higher, last seen up 10.1% at $353.74.
Tesla stock continued to soar Monday after hitting a $1 trillion valuation that Wedbush analysts say could double in the next 18 months after Elon Musk's "big bet" on Trump's win.
Tesla (TSLA) shares continued their post-election surge Monday, boosted by hopes of a reduction in regulations by a Trump White House and CEO Elon Musk's ties to the incoming administration as an adviser to the president-elect.
Tesla shares popped roughly 8% on Monday, continuing to ride a postelection rally as President-elect Trump, closely allied with CEO Elon Musk, begins to set up his presidential cabinet.Tesla recently reclaimed its $1 trillion market cap after surging nearly 30% last week. It's unclear whether Musk, who spent at least $130 million on Trump's campaign, will receive an official title in the second Trump White House or will influence policy decisions from his inner circle.
Analysts at Wedbush have boosted their price target on Tesla Inc (NASDAQ:TSLA) on their belief Donald Trump's White House win will be a game-changer for EV-maker the over the coming years. They increased their price target to $400 from $300 and repeated their ‘Outperform' rating.
Tesla stock roared again Monday, extending its robust post-election gains after its leader Elon Musk hitched his wagon to President-elect Donald Trump's efforts to secure a second presidential term, simultaneously making Musk a much richer man as one analyst hinted at the prospect of Musk's close relationship with Trump resulting in friendlier policy.
Here's everything you need to know about the electric vehicle maker's week.
Recently, Zacks.com users have been paying close attention to Tesla (TSLA). This makes it worthwhile to examine what the stock has in store.
Tesla's stock is headed for its best four-day stretch in more than four years, following Donald Trump's election win.
24/7 Wall St. Insights Tesla Inc.'s (NASDAQ: TSLA) market cap jumped to over $1 trillion after the presidential election.
Including early gains Monday, Tesla has added almost $300 billion in market value since the Nov. 5 presidential election.