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Trump's Win Sends Wall Street To Record Highs; Small Caps, Tesla Outperform, Fed Cuts Interest Rates: This Week In The Market
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Tesla soared more than 10% intraday, surpassing a market cap of 1 trillion US dollars, with Elon Musk's net worth exceeding 300 billion US dollars.
After Donald Trump won the usa presidential election, the 'number one contributor' Musk's Tesla company saw a sharp rise in its stock price this week, reaching a new high since 2022. Tesla's intraday high on Friday surged over 50% from its low point in late October. Investors are becoming increasingly optimistic that Tesla may benefit from Trump's return to the White House. Musk had previously stated that he would use his influence in the Trump administration to establish a federal approval process for autonomous cars.
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Tesla's stock price surged, bringing the market cap back to 1 trillion, all because Musk made the right "key investment".
①Tesla's stock price surged over 9.5%, with a total market value staying above the $1 trillion mark; ②Elon Musk provided over 0.13 billion US dollars in funding for Donald Trump and other Republicans, and rallied for the Republican party on social media; ③Trump promised to cut electric car tax credits, which could be a positive factor for Tesla.
KC67 Chan : Huge mistake , shopify gonna go down more
Kraks KC67 Chan : when to buy? I am very deep and I am sure that's a good long term investment
KC67 Chan Kraks : If Cathie Wood can buy now , perhaps could heed her action
fattcat : vhh