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Should You Buy Tesla ETFs on $1 Trillion Comeback?
TSLATesla(TSLA) ZACKS·2024-11-11 17:45

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 ...