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.

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Stock Forecasts

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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.

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