Tesla’s stock price has surged 73% since President-elect Donald Trump won the election, making it one of the S&P 500 Index’s best performers for 2024. Just two months ago, shares were heading towards a third losing year in Tesla’s decade-and-a-half as a public company. The sudden turnaround is attributed to Elon Musk’s aggressive support for Trump during the campaign and his unofficial role in the new administration.
Source: https://www.bloomberg.com/news/articles/2024-12-21/musk-s-trump-trade-makes-tesla-a-winner-with-570-billion-rally