Tesla’s Market Surge Fueled by Political Shift

Tesla shareholders are witnessing a remarkable rally as the company’s strategic political alignment appears to be paying substantial dividends. Following Donald Trump’s electoral victory, the electric vehicle manufacturer’s stock has experienced explosive growth, propelling the firm back into the exclusive trillion-dollar market capitalization club—a threshold it hadn’t crossed in over two years.

The market movement has been nothing short of spectacular. On Friday, November 8, 2024, Tesla shares surged by 8.2 percent to reach $321.22. This upward trajectory added more than $230 billion in market value within just five trading days, representing an impressive 29 percent weekly gain—the strongest performance since January 2023. The company’s year-to-date performance dramatically improved from a modest one Read more...