Tesla Shares Double Post-Election, Up 73% Since Election Day, Reach Three-Year High Amid Trump Administration Expectations

Dec 22, 2024, 05:40 AM

Tesla's stock has surged significantly following the U.S. presidential election, doubling in value and reaching a three-year high. Since Election Day, shares have increased by 73%, positioning them for a 69% rise in 2024. Analysts attribute this growth to expectations that a Trump administration will ease regulations on self-driving technology, which could benefit Tesla's business strategy. The stock's performance has been notable, with a 101.7% increase in 2023 and a strong start to 2024, reflecting investor confidence in the company's long-term growth potential.