Tesla Stock Hits Record $420.69, Up 69% YTD Amid Post-Election Rally

Dec 11, 2024, 07:40 PM

Tesla Inc. shares reached a new all-time high of $420.69 on Wednesday, marking a significant milestone for the electric vehicle maker. The stock has surged 65% since President-elect Donald Trump's election victory, amid optimism that Tesla's self-driving ambitions may receive a boost under the new administration. The previous intraday record of $414.50, set three years ago, was surpassed as the stock climbed to $420.69 during trading. Increased demand for Tesla's Full Self-Driving technology and investor confidence in CEO Elon Musk's leadership have contributed to the rally, bringing Tesla's year-to-date gains to 69% and highlighting the company's growth prospects.