Official announcements from Tesla or major automotive industry news outlets

Tesla Hits Record High of $436.23, Up 69% Since Trump's Re-election

Dec 13, 2024, 08:53 AM

Tesla Inc. shares have surged to a new all-time high, closing at $436.23, marking a significant 69% increase since Donald Trump's re-election on November 5, 2024. The stock's rise has been fueled by optimism surrounding the company's autonomous driving technology and the potential regulatory support from the incoming Trump administration, which has announced plans to ease regulations on technologies like Full Self-Driving (FSD). Tesla's market value has now reached $1.4 trillion, surpassing its previous record close of $409.88. The stock's performance has been bolstered by strong sales in China, with the Model Y leading sales in November. Elon Musk, Tesla's CEO, has been appointed co-leader of the Department of Government Efficiency by President-elect Trump, which could further influence the company's future.