Tesla Inc Hits Record High

Tesla Inc (NASDAQ:TSLA) reached a record high on Wednesday, continuing its post-election surge. This rise is fueled by optimism that CEO Elon Musk's close relationship with president-elect Donald Trump will positively impact the company.

Market Performance

• Tesla's stock price increased over 3%, reaching $415.57.
• The stock has surged 64% since Trump’s election victory, boosting Tesla's market capitalization by over $500 billion to $1.3 trillion.

Strategic Influence

Wedbush analysts indicated that Musk's support for Trump during the election could provide Tesla with advantageous opportunities, particularly in autonomous vehicles and Cybercabs.

They noted that the collaboration between Trump and Musk has created a favorable landscape for Tesla moving forward.