The wait is finally over. Donald Trump has staged a historic comeback, defeating Kamala Harris to win the 2024 U.S. election. Markets celebrated the news, closing at record highs amid optimism around Trump's potential tax cuts and pro-domestic trade policies, aimed at revving up American manufacturing and boosting economic growth.One stock riding high on this bullish sentiment and celebrating Trump’s resurgence is the electric vehicle (EV) trailblazer Tesla (TSLA) . Yesterday, shares of TSLA surged around 1 ...

Republican candidate Donald Trump claimed victory in the 2024 U.S. presidential election on Nov. 6, 2024. "Trump’s win has proven to be a positive for EV giant Tesla (TSLA) , as evidenced by the 14.8% jump in the EV maker’s shares on Nov. 6, 2024. The rally in the Tesla stock was propelled by Tesla chief Elon Musk’s strong support for Trump since the latter’s campaign days.Was Tesla Ailing Before Trump's Win?Tesla hit headlines recently with an impressive third-quarter earnings report, sending its stock soa ...

In this articleTSLATesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024.Jim Watson | Afp | Getty ImagesAs Donald Trump celebrated his presidential victory early Wednesday morning, Elon Musk was right there with him."A star is born. Elon," Trump said onstage at his Mar-a-Lago resort, thanking the world's richest person for spending two weeks campaig ...

Tesla’s stock (NASDAQ: TSLA) is soaring in reaction to Donald Trump’s election win, raising questions about the long-term performance of the equity given that CEO Elon Musk has close ties to the president-elect.Trump’s win boosted TSLA when the stock retraced gains made after the better-than-expected Q3 earnings. By the end of the latest trading session, the electric vehicle maker’s share price was valued at $288.53, up almost 15% for the day. This increase has turned Tesla positive year-to-date, with the e ...

Tesla makes electric cars, while Archer Aviation makes electric aircraft.Both the electric carmaker Tesla (TSLA 14.75%) and the electric aircraft maker Archer Aviation (ACHR -1.23%) are poised to benefit as the world adopts electric vehicles as a sustainable alternative to the fuel-guzzling cars and planes that have contributed to environmental issues.Both stocks are in very different phases in their lifecycles. Tesla is known as the pioneer of electric vehicles and has seen its stock surge more than 1,100% ...

Key TakeawaysTesla shares are likely to remain in the spotlight after surging to a 15-month high Wednesday amid investor expectations that the EV maker could benefit from Donald Trump's win in the presidential election.The stock has traded within an ascending triangle, a bullish chart pattern that indicates a continuation of the stock’s uptrend that started in April.Investors should watch key overhead levels on Tesla's chart around $300 and $350, while monitoring important support areas near $265 and $230. ...

Tesla (TSLA) stock soared on the outcome of the 60th U.S. presidential election, helped in no small part by CEO Elon Musk's ardent support of Donald Trump, now the 45th and the 47th man to win the White House.Few things have greater allure for investors than the sight of rising prices, which leads to the question: should you buy Tesla stock?To answer this question, it helps to look around one's physical environment. Are you reading these words at a desk with, say, six monitors displaying changes in asset pr ...

Tesla shares surged 14% on Wednesday after President-elect Donald Trump – whose campaign the electric-car maker’s CEO Elon Musk outspokenly supported – clinched a victory.Musk’s Tesla soared on Wednesday morning as Trump was projected to win the presidency with 277 electoral votes.The billionaire tech founder donated millions to a pro-Trump PAC, rallied on the former president’s behalf and swayed Americans to vote early with a $1 million-a-day sweepstakes. 3 Tesla shares zoomed ahead on Wednesday after Pr ...

Key TakeawaysFinancial service companies, along with the industrial and energy sectors and Tesla, led the S&P 500's rally Wednesday.Companies that issue credit cards performed particularly well, including Discover Financial Services and Synchrony Financial.Other gainers include cruise operators, commercial transit businesses and energy companies. The S&P 500 rose Wednesday, lifted by the strength of credit-card issuers, Tesla (TSLA) and the industrial and energy sectors in the first trading session after El ...

New York, NY - October 28 : Elon Musk speaks before Republican presidential nominee former President ... [+] Donald Trump at a campaign rally at Madison Square Garden in New York, NY on Sunday, Oct. 27, 2024. (Photo by Jabin Botsford/The Washington Post via Getty Images)The Washington Post via Getty ImagesDonald Trump is heading back to the White House, and Tesla could be one of the biggest winners. Tesla CEO Elon Musk played a pivotal role in Trump’s 2024 campaign, making substantial financial contribution ...