Tesla’s shares skyrocketed to an all-time high as optimism grows that President-elect Donald Trump will support the company’s self-driving ambitions. The stock jumped 5.9% on Wednesday, closing at $424.77 and marking a 69% increase since Trump’s election win last month. This surge has added over $556 billion to Tesla’s market capitalization, taking its total value to $515 billion in just six weeks. Analysts’ positive commentary over the past week is believed to have contributed to the surge.
Source: https://www.bloomberg.com/news/articles/2024-12-11/tesla-climbs-to-all-time-high-after-515-billion-rally-in-six-weeks