Tesla stock price jumps as Musk’s ‘bet for the ages’ on Trump pays off
Tesla stock jumped on Monday after a Bloomberg report said President-elect Donald Trump’s transition team is prioritizing the creation of a federal framework for fully autonomous cars.
Shares leapt 8% to $346.81, bringing the electric-car maker’s market cap to $1.1 trillion, and Wedbush analyst Dan Ives thinks that’s just the start of a rally that will eventually send the valuation to $2 trillion.
That’s after CEO Elon Musk contributed more than $100 million to help elect Trump and has emerged as a top advisor in his inner circle.
“Musk’s significant influence in the Trump White House is already having a major influence and ultimately the golden path for Tesla around Cybercabs and autonomous is now within reach with…
