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RE: LeoThread 2024-11-08 06:46

in LeoFinance • 8 days ago

Tesla surges to trillion-dollar club once again after three-day spike

Tesla (NASDAQ: TSLA) has surged back up to the trillion-dollar club once again after a three-day spike following President-Elect Donald Trump’s victory on Tuesday, which has catapulted the automaker’s stock upward.

Shares have been up over 21 percent since Tuesday night when Trump won the presidential election, a move that Tesla CEO Elon Musk helped facilitate through months of campaigning and social media posts.

#tesla #stock #marketcapitalization #automotive #technology

8 days ago in LeoFinance by
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     8 days ago  

    At its peak, Tesla shares reached over $317, equating to a $1.02 trillion market cap, the first time the company has been recognized in the elite club since March 2022. Tesla has not reached the $300 level since September 2022.

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       8 days ago  

      Tesla bull Dan Ives of Wedbush said on Wednesday, after Trump had locked up the presidency, that he could be the key to the company regaining a $1 trillion market cap, especially considering Musk’s relationship with the 45th and 47th president.

      Ives said Trump’s win was a “dream scenario for any Tesla bull,” and that he would likely bring some advantages to the company’s regulatory processes because of their strong relationship:

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         8 days ago  

        “He will fast track autonomous FSD, Cybercab could get pulled forward by about a year… This is really, if you’re a Tesla bull, if you wake up to this, this is exactly what you’d wanna see. And of course, Musk will clearly have a big voice in a Trump administration…I think that would be a top initiative, to fast-track FSD autonomous. There’s been a lot of regulatory hurdles. And this is something that Musk has talked about in Robotaxi day. Obviously the initial sentiment was negative. This is gonna be the key. Because ultimately, I think Tesla is the most undervalued AI name in the market. And you look what’s happen here. It’s just gonna unlock that opportunity for Tesla and Musk.”

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