Tesla’s market value breached the $1tn mark in a sharp rally on Friday, on growing bets of a favorable treatment for CEO Elon Musk’s companies in return for his support for President-elect Donald Trump in his poll campaign.The electric automaker’s shares rose more than 6% to a more than two-year high of $315.56, after having gained 19.3% up to Thursday’s close. The company crossed the $1tn valuation for the first time in more than two years.The billionaire could push for favorable regulation of autonomous v ...

KEY TAKEAWAYSTesla shares soared again Friday, capping a big week for the EV maker as Wall Street analysts bet that Elon Musk’s company will benefit from Donald Trump’s return to the White House.The stock was up more than 9% in afternoon trading, pushing the gain for the week to 30% and boosting Tesla's market capitalization above $1 trillion.Bank of America analysts Thursday raised their price target for Tesla to $350, citing the potential for lighter EV regulation, while Wedbush reiterated its outperform ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

In Brief Tesla shares have popped since the U.S. election as investors bet that a Trump presidency will benefit the automaker led by ally Elon Musk. Tesla's shares have rallied nearly 30% since Tuesday, including an increase Friday morning that pushed the company's market cap past the $1 trillion mark. The share spike is largely related to Musk, who launched a multi-million dollar effort to re-elect Donald Trump that included using X, the social media platform formally known as Twitter that he owns. Musk, w ...

Tesla's market cap has once again eclipsed $1 trillion.Tesla (TSLA 6.70%) investors have had a lot to digest this week. The U.S. election results sparked a rally in the stock. That's because it has ramifications that could directly impact Tesla's business -- and many think it will be in a positive way.That led Tesla stock to soar by 27.7% as of late Friday morning, according to data provided by S&P Global Market Intelligence. It's not just because CEO Elon Musk looks to have gotten close to the president-el ...

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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.Shares of Tesla climbed more than 6% in mid-morning trading Friday, pushing the electric vehicle maker's market cap past $1 trillion for the first time.The company's stock has rallied about 27% this week after President-elect Donald Trump won the U.S. presidential election and investors have grown optimistic that the former president's ...

ToplineStocks are on track for 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 largely flat Friday—the blue chip Dow Jones Industrial Average gained 0.4%, the leading S&P 500 rose 0.2% and the tech-heavy Nasdaq inched down 0.1% by 10:15 a.m. EST—but are up big for the week. The Dow’s 4.2% gain has it on track for its strongest week since Nov. 2023 ...

Donald Trump’s victory in the 2024 presidential election has helped Tesla Inc. (NASDAQ: TSLA) stock rocket thanks to the political alliance between the Republican President-Elect and Elon Musk.However, the enthusiasm may have obfuscated the impact of what appears to be trouble brewing on the horizon. Specifically, Tesla vehicle sales in China in October were lower than in any month since before July 2024.Specifically, in October, Elon Musk’s electric vehicle (EV) maker shipped 40,485 Model Ys and Model 3s. ...

In a somewhat unexpected turn of events, not only did both President-Elect Donald Trump and Tesla Motors (NASDAQ: TSLA) make major comebacks in 2024, but the two also proved surprisingly interlinked – one with a return to office, the other with a stock price resurgence. As Trump's victory odds were improved once Elon Musk endorsed the Republican – and, possibly, once he made a contentious offer of $1 million per day to Pennsylvania voters – so did TSLA's share price explode once the former president was re- ...