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Tesla shares close at record high, boosted by 69% pop since Trump election victory - TL;DR CNBC

Tesla shares close at record high, boosted by 69% pop since Trump election victory

Publishing timestamp: 2024-12-11 17:39:44


Summary

Tesla shares rose almost 6% on Wednesday, surpassing their previous high in 2021. Analysts attribute the increase to Elon Musk's support for Donald Trump, which has doubled Tesla's pool of enthusiasts. Musk's net worth has also increased significantly, and he is set to lead the "Department of Government Efficiency" in the Trump administration. Analysts at Goldman Sachs, Morgan Stanley, and Bank of America have all issued bullish reports on Tesla.


Sentiment: POSITIVE

Tickers: TSLA

Keywords: breaking news: marketstechnologybusiness newsclimateventure capitalbreaking news: politicsmarketsdonald trumppoliticsautostesla incelon muskdonald j. trumpbreaking news: technology

Source: https://www.cnbc.com/2024/12/11/tesla-reaches-record-boosted-by-64percent-pop-since-trump-election-victory.html


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