Don't Chase the Rally: Tesla Just Became the Most Expensive Stock in the $1 Trillion Club by a Wide Margin

Tesla (NASDAQ: TSLA) surpassed a $1 trillion valuation for the first time in October 2021. Its electric vehicle (EV) business was generating explosive growth, and investors were highly optimistic about the company's future.But Tesla crashed out of the trillion-dollar club in 2022, when the S&P 500 (SNPINDEX: ^GSPC) entered a bear market. Its stock still hasn't reclaimed its all-time high, because the company's EV sales growth is now slowing on the back of softening demand and fierce competition across the industry.However, Tesla stock has soared 30% since former President Trump won reelection on Nov. 5. CEO Elon Musk played a big role in Trump's campaign, and it's possible Tesla will benefit from the new administration's business-friendly policies.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool