• 31
  • 3
  • Favorite

Tesla Hits $1 Trillion Market Cap as Stock Rallies After Trump Win

Tiger Newspress11-08

Shares of Tesla climbed more than 6% in mid-morning trading Friday, pushing the electric vehicle maker’s market cap past $1 trillion for first time since 2022.

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 return to the White House could benefit Tesla. Tesla CEO Elon Musk has been a key ally for Trump throughout his campaign, pouring at least $130 million into a pro-Trump campaign effort.

Tesla had a market cap of $807.1 billion through Tuesday’s close. Prior to this week’s rally, shares of the carmaker were up about 1% for the year. Tesla’s stock is now up about 26% year to date.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment3

  • WolfMyFren
    ·11-09
    I simply loves tesla, even though someone is simply jealous and if im not wrong a lefist. How does it feel whenbtrump won the election. I
    Reply
    Report
  • Well done Tesla crew and all who invested in you 
    Reply
    Report
  • a4xrbj1
    ·11-08
    Stock fundamentals don't matter for a meme stock like Tesla. We're long past that, it's just pure speculation like Palantir or $DJT which makes no revenue and huge losses but is worth $8 billion. The stock market is a joke if this is the future. I rather go and play in the casino.
    Reply
    Report
    Fold Replies
    • Agxm
      Palantir is earning money 😂
      11-14
      Reply
      Report
    • SullivanRrr

      Why would u think it’s gamble? Many are long term holders in $Tesla Motors(TSLA)$

      11-13
      Reply
      Report
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial