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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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Seeking Alpha16:57 ET

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.

wallstreetcn16:49 ET