Tesla Shares Soar to Record High

By Chuck Mikolajczak

NEW YORK (Reuters) – Tesla (NASDAQ:TSLA) shares climbed to a record high of $415 on Wednesday, exceeding its previous high of $414.50 set over three years ago. This increase follows a rally initiated by the U.S. presidential election results.

The last record was reached on Nov. 3, 2021, but since the election on Nov. 5, the stock has surged approximately 65%. Investors are optimistic about Tesla's prospects influenced by CEO Elon Musk's relationship with President-elect Donald Trump.

On Tuesday, Tesla China reported selling 21,900 electric vehicles in December's first week, marking its highest weekly sales in the fourth quarter this year.

As of the last session, Tesla shares rose by 3.1%, standing at $413.26.