Reported about 19 hours ago
Tesla's stock has surged 73% since the recent US presidential election, adding $572 billion to its market capitalization and converting the company into one of the S&P 500's top performers for 2024. This dramatic turnaround is attributed to Elon Musk's support for President-elect Donald Trump, which investors perceive as advantageous for Tesla's future prospects in self-driving cars and regulation easing. However, concerns about Tesla's actual business performance and uncertain future gains remain, as the company struggles with demand and competition.
Source: YAHOO