Hyperdrive
Tesla Shares Jump to Record Amid $515 Billion Rally in Six Weeks
- Shares are now up 69% since Trump’s election win last month
- Musk’s politics expanded investor thinking on Tesla: analyst
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Tesla Inc. shares climbed to new all-time high for the first time since November 2021, buoyed by optimism the company’s self-driving ambitions can get a boost under President-elect Donald Trump’s next administration.
The stock jumped 5.9% to close at $424.77 on Wednesday, helped by positive analyst commentary over the past week. The shares have now risen 69% since the US presidential election on Nov. 5, adding over $556 billion to the company’s market capitalization.