Tesla Stock Price Jumps 8% As Trump Trade Continues
Tesla stock shares surged 8% on Monday, building on last week’s postelection rally as the company’s market valuation crossed $1 trillion.
The stock’s climb comes after former President Donald Trump secured a second term, with Tesla CEO Elon Musk as a prominent supporter and key financial backer of Trump’s campaign. Analysts see Musk’s close relationship with Trump as potentially advantageous for Tesla, particularly in the areas of artificial intelligence (AI) and autonomous driving.
Analysts Raise Tesla Stock Price Targets Following Election Results
Wedbush Securities analysts led by Dan Ives raised Tesla’s price target from $300 to $400, citing a “game-changer”…
