Why Tesla Stock Is on the Heels of a Record High Today

Tesla (NASDAQ: TSLA) stock has been marching sharply higher since the U.S. presidential election last month, even with mixed expectations on how the incoming Trump administration will view electric vehicle (EV) companies.But CEO Elon Musk's strong public support of Donald Trump has investors piling into Tesla shares. The stock has soared by about 60% since the election. Wall Street is also showing support as the stock approaches the record-high closing price just shy of $410 per share it hit in late 2021.Today, Tesla stock gained another 5% before paring back some of that jump. As of 12:15 p.m. ET, shares were still 3.7% higher on the day. But it's not just because of Musk's relationship with Trump.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool