Reported 13 days ago
Investors are increasingly betting on Tesla's stock options, which have surged to a two-year high following Donald Trump's electoral win, spurred by expectations that CEO Elon Musk's affiliation with Trump may benefit the electric car company. Tesla shares rose 8% to $346.12 and have increased over 35% since the election. The trading volume of Tesla options has doubled, particularly for contracts expiring soon, reflecting investor optimism about the company's prospects under a Trump administration. Analysts have adjusted their target price for Tesla shares higher, predicting favorable conditions for the company's growth in the coming years.
Source: YAHOO