Supported by the Trump administration’s second term, Tesla continues to achieve remarkable milestones in the stock market.
On Tuesday, Tesla shares closed at $463.02, a 6.14% increase from the previous trading day. They topped $463.19 during the session, setting a new 52-week high. This surge marks the highest closing and intraday prices Tesla has recorded since its listing.
On December 11, Tesla’s stock had already closed at $424.77, its highest level in more than three years. It then hit another all-time high on Friday, closing at $436.23. The recent climb in Tesla’s stock price has been largely attributed to Donald Trump’s re-election victory last month.
Elon Musk’s rising prominence within the Trump administration has further boosted market confidence, prompting upward revisions of Tesla’s target stock price amid continued support and encouragement. Since November 6, Tesla’s stock price has soared by an impressive 84%.
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