
Tesla's stock price rose 5.9% on Wednesday, closing at $424.77, a new all-time high, surpassing the previous record of $409.97 set on November 4, 2021.
So far this year, Tesla's stock price has accumulated a rise of about 71%, surging about 69% since Trump's election win in the USA.
As a result, Tesla CEO Elon Musk's net worth soared by $62.8 billion overnight, reaching $447 billion, making him the first billionaire on Earth with a net worth exceeding $400 billion.

Musk's current net worth is nearly $200 billion higher than that of Jeff Bezos, who ranks second on the Bloomberg Billionaires Index, with a net worth of approximately $249 billion.
On Wednesday, Goldman Sachs analysts raised Tesla's Target Price, joining the ranks of companies that have raised their expectations or ratings for Tesla's stock price. Goldman Sachs analysts wrote, "The market has adopted a more forward-looking stance on Tesla, including opportunities in AI."
Analysts from Morgan Stanley and Bank of America also recently released bullish reports on Tesla.
Analyst Craig Irwin from Roth MKM stated last week: "The stock price is reacting to the impact of Trump." Irwin raised his Target Price from $85 to $380, writing in a report: "Musk's sincere support for Trump could potentially double the number of Tesla enthusiasts and increase the credibility of changes in demand."