Tesla (TSLA) shares surged again Friday, capping a big week for the electric vehicle maker as Wall Street analysts bet that Elon Musk's company will benefit from Donald Trump's return to the White House.
Tesla Inc.'s market valuation hit $1 trillion on Friday, after a post-election rally lifted the electric-vehicle maker's stock by more than 25% on hopes the incoming Trump administration could benefit the company while hampering its EV competitors.
Elon Musk has become a close ally of President-elect Donald Trump, but is that enough to bring retail investors back to Tesla?
The National Highway Traffic Safety Administration raised concerns about Tesla social media posts that suggested its Full Self-Driving software can be used as a robotaxi and do not need driver attention.
Tesla Inc (NASDAQ:TSLA) has officially re-entered the prestigious $1 trillion market capitalization club, with its stock price surpassing $300 per share for the first time in over two years. The electric vehicle giant's surge comes as the company's valuation has jumped by more than $200 billion in the three days following the presidential election, which saw Tesla CEO Elon Musk's pick Donald Trump emerge victorious.
Tesla shares have popped since the U.S. election as investors bet that a Trump presidency will benefit the automaker led by ally Elon Musk. Tesla's shares have rallied nearly 30% since Tuesday, including an increase Friday morning that pushed the company's market cap past the $1 trillion mark.
Tesla (TSLA) is now offering lease plans for its Cybertruck models, providing customers with more flexible financing options. The all-wheel-drive Cybertruck, which has a cash price of $79,990, will be available with a $7,500 down payment and a monthly payment of $999 for a 36-month lease term.
Tesla's market cap has once again eclipsed $1 trillion.
Tesla's market value breached the $1 trillion-mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk's companies in return for his support for President-elect Donald Trump in his poll campaign.
Tesla's stock surged over 6% in early trading on Friday, propelling the electric vehicle company to a milestone market capitalization of over $1 trillion for the first time. The company's shares have jumped by about 27% this week, following President-elect Donald Trump's victory in the US presidential election.
Tesla's market value eclipsed $1 trillion Friday for the first time since early 2022, as the electric vehicle maker led by the world's richest man Elon Musk enjoys a massive rally after the Musk-backed Donald Trump secured a second presidential term.
Shares of Tesla climbed more than 6% in mid-morning trading Friday, pushing the electric vehicle maker's market cap past $1 trillion for the first time. In this article TSLA