Tesla (TSLA) stock has seen an electrifying rebound in 2024, pushing its market value back over the coveted $1 trillion mark. After having plummeted more than 40% from the beginning of the year till Apr. 22 (when it hit its 52-week low of $138.08), the stock has roared back to life. It has witnessed a strong rally lately thanks to the company’s solid third-quarter results and Donald Trump’s presidential victory.The stock is up 41% year to date, having closed at $350 yesterday. The electric vehicle (EV) pion ...

ToplineShares of Tesla slipped Tuesday as part of a broader cooling off among the hottest trades following last week’s election of Donald Trump, though the Elon Musk-led electric vehicle maker remains far more valuable than it was prior to Election Day.People look at a Cybertruck at a Tesla dealership in Manhattan.Getty Images Key FactsTesla stock fell 3% by 10 a.m. EST, on pace for its first daily loss since last Monday. That pares Tesla’s post-election gain to a still eye-popping 35%, as investors floode ...

Once the United States presidential elections were over, there seemed to be an everything rally for the financial markets, or, as Warren Buffett likes to say, a rising tide lifts all boats. However, he also likes to add that when the tide goes out, that’s when everyone knows who’s been swimming fully clothed or not. Today, some call for shares of Tesla Inc. NASDAQ: TSLA to be in the latter group, considering its valuation today. These bears would be wrong, though. Sure, the stock trades at a high price-to-e ...

Tesla (NASDAQ: TSLA) CEO Elon Musk’s political affiliation with President-elect Donald Trump is leading to optimism among investors, which has contributed to an upward revision of the company’s stock projection.Morgan Stanley’s (NYSE: MS) Adam Jonas has revised his target for TSLA, pointing to a possible $500 bull case for the electric vehicle (EV) manufacturer. In an investor note on November 12, Jonas stated that following Musk’s support for Trump, investor sentiment around the EV maker has shifted.  “Elo ...

Tesla stock is almost twice as expensive as Nvidia stock right now.Tesla (TSLA 8.96%) surpassed a $1 trillion valuation for the first time in October 2021. Its electric vehicle (EV) business was generating explosive growth, and investors were highly optimistic about the company's future.But Tesla crashed out of the trillion-dollar club in 2022, when the S&P 500 (^GSPC 0.10%) entered a bear market. Its stock still hasn't reclaimed its all-time high, because the company's EV sales growth is now slowing on the ...

Elon Musk on stage before Republican presidential nominee former President Donald Trump speaks at a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024.Elon Musk spent $44 billion to buy Twitter, now known as X, and at least $130 million to help get Donald Trump elected president.It's a combination that's paid off handsomely. Since Trump's victory last week, Musk is about $70 billion richer on paper.Most of Musk's wealth is wrapped up in his holdings of Tesla, and in the four trading ...

Stocks closed higher on Monday, with financials, consumer discretionary and industrials leading but technology and materials lagging among the 11 S&P 500 sectors. Standouts included Trump-trade names and the cryptocurrency complex, as the S&P 500 closed above 6,000 and bitcoin surged past $87,000.The bond market was closed in observance of Veterans Day, and there was no economic data to report. Investors also digested a relatively light flow at the tail end of another generally positive earnings season and ...

Hedge funds betting against Elon Musk's Tesla have lost billions of dollars after Donald Trump's White House win last week, according to a report. Investment firms with short positions on the electric car maker's stock between Election Day and Friday's close suffered an on-paper hit of at least $5.2 billion, according to Bloomberg calculations based on data compiled by S3 Partners. Many funds had unwound bets against Tesla over the past four months, despite challenges for electric vehicle makers like tariff ...

Topline Tesla may be the highest-profile stock market winner over the last week, but there are several stocks which have outperformed the Elon Musk-led car company thanks to similar optimism about macro conditions under the incoming administration. A Geo Group-operated immigration detention facility in California, pictured in 2013. Getty Images Key Facts Tesla stock's 37% gain from last Tuesday's close through Monday at 2:30 p.m. EST is by far the most of any of the 101 American public companies valued at $ ...

Tesla stock costs more than $1 trillion now. Is that too expensive?Tesla (TSLA 5.98%) stock continued putting pedal to metal as stock markets reopened for business Monday. Through 12:20 p.m. ET, the electric car leader gained 7.3%, bringing total gains since Donald Trump won reelection (with Elon Musk's support) to a staggering 37%.Oh, and Tesla is a trillion-dollar company again -- $1.1 trillion, to be precise.What's driving Tesla stock higherToday's gains owe in part to growing enthusiasm for Tesla stock ...