Tesla stock closes at all-time high as 69% surge since Trump's win cements dramatic turnaround
Published On Dec 11, 2024, 4:17 PM
Tesla's stock has soared to an all-time high of $424.77, marking a 69% increase since the recent presidential election. Factors contributing to this surge include the optimism surrounding the incoming administration's policies which may favor electric vehicle regulations, significant recent sales from Tesla's China unit, and analysts increasing their price targets for the stock due to anticipated growth in the company's autonomy technologies and new model launches.
Stock Forecasts
TSLA
Positive
With strong sales growth in China and favorable future federal regulations possibly easing the path for Tesla's full self-driving technology, the company's outlook appears robust. Analysts are optimistic, raising price targets, indicating stronger market confidence. This supports the upward trend for Tesla's stock.
Related News
Elon Musk’s Net Worth Tops $400 Billion, a Historic First
Dec 11, 2024, 11:41 AM
(Bloomberg) -- Elon Musk has become the first person to reach $400 billion in net worth, the latest milestone for the world’s richest individual.Most Read from BloombergBrace for a Nationwide Shuffle of Corporate HeadquartersCloud Computing Tax Threatens Chicago’s Silicon Valley DreamSan Francisco, Paris Named Best Cities for Urban TransportationDC Business Leaders Welcome Return-to-Office Policy Under TrumpA Chicago Skyscraper Cements the Legacy of a Visionary Postmodern ArchitectThe most recen
Elon Musk's Tesla lobbied UK to charge petrol drivers more
Dec 11, 2024, 11:22 AM
Musk's firm backed the government's green stance, despite its maverick chief executive's social media attacks.
Tesla's cheaper 'Model Q' on the way and likely new China EV, analyst says following Tesla meeting
Dec 10, 2024, 11:45 AM
Deutsche Bank is upping its price target for Tesla following investor meetings where Tesla revealed more info about its upcoming vehicles.