By 3.1%… Tesla shares set a new record
This comes against the backdrop of a news report stating that Trump’s transition team wants to cancel an order requiring the reporting of accidents involving self-driving systems.
Tesla shares
Tesla stock was the only stock that recorded an increase among the seven largest giant technology companies today, Friday.
It has risen by 71% since the US presidential elections that took place on November 5, and has risen by 102% since the announcement of the third quarter results on October 23.
The rise in stock prices came amid hopes that the proximity of Elon Musk, who owns Tesla, to new President-elect Donald Trump will give an impetus to the company’s ambitions in the field of self-driving.
Continuous rise
About 3 days ago, the share price of the American electric car manufacturer Tesla rose by 4% to $404.80 per share.
It recorded its highest level during any day’s trading since November 5, 2021, and the stock continued to lag significantly behind the rest of the giant technology companies during most of the trading periods of the current year.
Tesla stock has been rising strongly since late October, supported primarily by better-than-expected third-quarter results.
Trump’s support for Elon Musk
Donald Trump’s election victory is a positive thing for the company, especially with Tesla founder and CEO Elon Musk’s strong support for Trump.
Trump received Musk’s support during the elections, in which he pledged to impose duties on most Chinese products, including electric cars.
In the same context, American billionaire Elon Musk has become the first person to reach a fortune estimated at more than $400 billion.
Elon Musk’s net worth
According to Forbes and Bloomberg, Musk’s wealth consists mainly of shares in the electric car manufacturing company Tesla and the aerospace and aviation company SpaceX.
Musk’s wealth was estimated at $431.2 billion, while financial services company Bloomberg reported that it amounted to approximately $447 billion.
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