Tesla shares rose 8%, surpassing a $1 trillion market cap, as investors grew optimistic about Donald Trump’s potential return to the White House benefiting Tesla. CEO Elon Musk, a Trump ally, donated $130 million to his campaign. Analyst Dan Ives noted that a Trump administration could offer Tesla competitive advantages with fewer regulations and higher China tariffs.
Tesla shares rose 8%, surpassing a $1 trillion market cap, as investors grew optimistic about Donald Trump’s potential return to the White House benefiting Tesla. CEO Elon Musk, a Trump ally, donated $130 million to his campaign. Analyst Dan Ives noted that a Trump administration could offer Tesla competitive advantages with fewer regulations and higher China tariffs.