Tesla stock jumps 7% as post-election rally boosts market value above $1 trillion
qz.com —
Tesla's stock rose over 7% on Monday, continuing a post-election rally. Shares are now trading at nearly $342, marking a 38% increase in just five days. The company's market value has surpassed $1 trillion again. Analysts attribute the surge to expectations that CEO Elon Musk will gain favorable treatment from a second Trump administration. One analyst raised the stock's price target from $300 to $400, calling the election outcome a "game changer" for Tesla's plans. Short sellers betting against Tesla have lost over $5 billion since the stock's recent rise. While other automakers may face reduced federal support for electric vehicles, Musk's close ties to Trump could lead to different outcomes for Tesla.