Tesla's Market Cap increased by about 90 trillion yen in less than two months - a winning trade for Trump supporters.

December 23, 2024, 16:05 JST (excerpted)
Stock prices surged 73% after the presidential election - performance top among S&P 500 stocks.
Expectations are rising that the relationship with the next administration will be a tailwind for Tesla's self-driving car plans.
About two months ago, the stock price of the electric vehicle (EV) manufacturer, Tesla of the U.S., was heading for its third annual decline in the 15 years since going public.

However, the company's stock has surged in the past seven weeks, jumping into the top performance of the S&P 500 stock index components year-to-date.
What was the trigger for this reversal? It wasn't the company's performance. The demand for the company's EVs remains unstable, and the future looks increasingly uncertain. Investors valued Tesla CEO Elon Musk's active support for Mr. Trump during the presidential election and his evaluation of Musk's political acumen in assuming an unofficial role in the Trump administration more than company performance.