Reported 13 days ago
Tesla shares rose over 8% on Monday, continuing last week's rally, driven by optimism regarding CEO Elon Musk's relationship with U.S. President-elect Donald Trump. The stock, now valued at $348.30, could add nearly $87 billion to Tesla's market capitalization if it maintains this surge, marking a 28% increase since Trump's election victory. Analysts suggest that Musk's strong support for Trump, including a $119 million contribution to a pro-Trump group, positions Tesla to benefit from potential regulatory changes under the new administration.
Source: YAHOO