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Tesla surged more than 10% intraday, with a market cap exceeding $1 trillion, Elon Musk's net worth surpassing $300 billion.
After Trump won the presidential election in the usa, the 'number one hero' Musk's Tesla company saw a soaring stock price this week, reaching a new high since 2022. Tesla's intraday high on Friday surged over 50% from its low point in late October. Investors are increasingly optimistic that Trump's return to the White House could benefit Tesla. Musk previously stated that he would utilize his influence in the Trump administration to establish a federal approval process for autonomous driving autos.
Tesla's stock price surged, bringing the market cap back to 1 trillion, all because Musk made the right "key investment".
①Tesla's stock price surged over 9.5%, with a total market value staying above the $1 trillion mark; ②Elon Musk provided over 0.13 billion US dollars in funding for Donald Trump and other Republicans, and rallied for the Republican party on social media; ③Trump promised to cut electric car tax credits, which could be a positive factor for Tesla.
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