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 ...

Electric vehicle maker Tesla (TSLA) reclaimed its $1 trillion market cap value. Trump’s win and the company’s blockbuster third-quarter 2024 results led to the comeback. The EV maker was on a roller-coaster ride for most of this year but has enjoyed a solid rally recently. Last month's blockbuster earnings added $150 billion to the company's market valuation. Now, Trump's win is another catalyst for the stock. Tesla spiked 29% after Trump’s victory due to Musk’s all-in support for the Republican. This repre ...

Tesla stock saw the second-most options volume of all equities over the last two weeksTesla Inc (NASDAQ:TSLA) stock is extending its run higher, last seen up 10.1% at $353.74. The electric vehicle (EV) giant just reclaimed a $1 trillion market capitalization, as shares continue to see tailwinds from Donald Trump's election victory. On the charts, TSLA is pacing for its fifth-straight win. The security has been climbing the past week as traders speculate on how much CEO Elon Musk -- a close ally of president ...

Key TakeawaysTesla shares continued to add to their gains since the presidential election on optimism the electric vehicle maker will benefit from a Trump administration.Wedbush boosted its price target by $100, calling the Trump victory a "gamechanger" for the EV maker.The analysts said they believe Tesla's artificial intelligence and autonomous vehicle technologies will be worth $1 trillion. Tesla (TSLA) shares continued their post-election surge Monday, boosted by hopes of a reduction in regulations by a ...

Elon Musk embraces Republican presidential nominee and former President Donald Trump during a campaign rally at the Butler Farm Show fairgrounds in Butler, Pennsylvania, on Oct. 5, 2024.Tesla shares popped roughly 8% on Monday, continuing to ride a postelection rally as President-elect Trump, closely allied with CEO Elon Musk, begins to set up his presidential cabinet.Analysts at Wedbush reiterated their "outperform" rating on the stock, joining earlier sunny outlooks reacting to Tuesday's results. Tesla re ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

ToplineTesla stock roared again Monday, extending its robust post-election gains after its leader Elon Musk hitched his wagon to President-elect Donald Trump’s efforts to secure a second presidential term, simultaneously making Musk a much richer man as one analyst hinted at the prospect of Musk’s close relationship with Trump resulting in friendlier policy.Elon Musk, flanked by former first lady Melania Trump, appear at a rally last month for Donald ... [+] Trump.The Washington Post via Getty Images Key Fa ...

Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024, in this still image taken from a video.Tesla has falsely suggested in social media posts that its cars are autonomous, potentially misleading and endangering drivers, according to a warning from the National Highway Traffic Safety Administration."Tesla's X (Twitter) account has re-posted or endorsed postings that exhibit disengaged driver behavior," Gregory Magno, the head o ...

Donald Trump‘s winning the 2024 presidential election is expected to have a negative impact on the electric vehicle sector.Tesla Inc TSLA could benefit from CEO Elon Musk's close relationship with the president-elect. However, the company’s plan to build a Gigafactory in Mexico could be at stake.What Happened: Tesla reportedly plans to build a gigafactory in Mexico. The facility could produce sub-$30,000 vehicles, Model Y units, batteries and the Cybertruck.Tesla hasn't confirmed its plans in Mexico. Still, ...

ToplineStocks stormed to their best week of 2024 as post-election optimism lit a fire under already strong sentiment on Wall Street.Traders work the New York Stock Exchange on Wednesday.AFP via Getty Images Key FactsMajor indexes were up slightly Friday—the blue chip Dow Jones Industrial Average gained 0.6%, the leading S&P 500 rose 0.4% and the tech-heavy Nasdaq inched up 0.1% by close—but ended up big for the week. The Dow’s 4.6% gain made this its strongest week since November 2023, the S&P’s 4.7% weekl ...