Tesla Reclaims $1 Trillion Market Cap For First Time Since 2022 In Huge Trump Run

Blockhead11-09

Tesla (TLSA) stock soared above 300 on Friday, reclaiming a $1 trillion market capitalization. The EV giant has been on a tear since President-elect Donald Trump defeated Vice President Kamala Harris ...

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The EV giant has been on a tear since President-elect Donald Trump defeated Vice President Kamala Harris ...</p>\n\n<a href=\"https://www.investors.com/news/tesla-stock-1-trillion-market-cap-for-first-time-since-2022/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Reclaims $1 Trillion Market Cap For First Time Since 2022 In Huge Trump Run</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Reclaims $1 Trillion Market Cap For First Time Since 2022 In Huge Trump Run\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-09 00:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/tesla-stock-1-trillion-market-cap-for-first-time-since-2022/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla (TLSA) stock soared above 300 on Friday, reclaiming a $1 trillion market capitalization. The EV giant has been on a tear since President-elect Donald Trump defeated Vice President Kamala Harris ...</p>\n\n<a href=\"https://www.investors.com/news/tesla-stock-1-trillion-market-cap-for-first-time-since-2022/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BJLML261.HKD","symbol_name":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","start_time":0,"source_url":"https://www.investors.com/news/tesla-stock-1-trillion-market-cap-for-first-time-since-2022/","article_id":"2482248415","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2024/02/Stock-Tesla-2024-model3-04-company-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2482248415","pubTimestamp":1731082359,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Tesla stock soared Friday, back above a $1 trillion market cap. 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The EV giant has been on a tear since President-elect Donald Trump defeated Vice President Kamala Harris for the White House earlier this week.\n\n\n\n↑\nX\n\n\n\n\nThis Stock Could Be The Next Chipotle. But Can It Maintain Stellar Earnings Growth?\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nThis Stock Could Be The Next Chipotle. But Can It Maintain Stellar Earnings Growth?\n\n\n\n\nWedbush Securities analyst Dan Ives, a longtime Tesla bull, wrote Wednesday that a Trump presidency could be an \"overall negative for the EV industry,\" with the potential for EV rebates and tax incentives to be repealed. However, Ives added that for Tesla \"we see this as a huge positive.\"\n\"Tesla has the scale and scope that is unmatched in the EV industry and this dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players,\" Ives wrote.\nTesla CEO Elon Musk was a huge supporter of Trump's presidential campaign.\n\nRivian Reports Quarterly Loss; 'On Track' For Gross Profit Per Vehicle Delivered\n\nTesla Stock Performance\nTSLA stock surged 5.8% to 314.23 during market trade on Friday, reclaiming a $1 trillion market cap for the first time since September 2022.\nShares have soared 26.4% so far this week. That would be its best weekly performance since the week ended Jan. 27, 2023, when TSLA spiked 33.3%.\nOn Wednesday, Tesla stock gapped up above an alternate handle buy point of 273.54 but was quickly extended.\n\nBank of America analysts on Thursday raised the firm's price target on Tesla to 350 from 265 and maintained a buy rating on the shares. The firm wrote Tesla may benefit from a shift to a federal regulation of autonomous vehicles and full self-driving, or FSD, nationwide.\nTesla China sold 68,280 vehicles in October, including exports, a six-month low, according to China Passenger Car Association data released Monday. Local China sales were sluggish in October, just 40,485. Exports did jump in the month, but have been trending lower.\nCathie Wood Cuts Tesla Stake\nMeanwhile, Cathie Wood and her Ark Investment Management firm have sold Tesla stock repeatedly since Oct. 28 when Ark Invest unloaded more than 120,000 shares, according to the company's daily trade disclosure. Over this stretch, Wood has sold more than 330,000 shares, including selling 85,019 TSLA shares on Thursday.\nAs of Nov. 8, Tesla stock is the top holding in the ARK Innovation ETF (ARKK) with a 14.21% weight. Tesla ranks second in ARK Next Generation Internet (ARKW) with a weight of 9.66%. The EV company is also the top stock in ARK Autonomous Tech (ARKQ) with weight of 14.87%.\n\nTesla Robotaxi Event: Cybercab, Robovan Unveiled; Musk Sees Self-Driving 'Next Year'\n\nTesla stock ranks second in the 35-member IBD Auto Manufacturers industry group. The stock has an 85 Composite Rating out of a best-possible 99. Shares also have a 93 Relative Strength Rating and a 77 EPS Rating.\nPlease follow Kit Norton on X @KitNorton for more coverage.\nYOU MAY ALSO LIKE:\nIs Tesla Stock A Buy Or A Sell?\nGet Full Access To IBD Stock Lists And Ratings\nLearning How To Pick Great Stocks? Read Investor's Corner\nAI Is Fueling A 'Nuclear Renaissance.' 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