Tesla's shares in meteoric rally after Trump's US election victory

Automotive and Transportation Automotive and Transportation

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Tesla's shares in meteoric rally after Trump's US election victory

^{Published on 2024-12-13 04:01:30 - MSN}

Tesla's stock regains popularity as investors expect its Robotaxi and FSD technology to drive another phase of growth acceleration. The stunning performance drove Tesla's Price-to-Earnings(P/E) ratio to 103,

The article from MSN discusses the significant surge in Tesla's stock prices following Donald Trump's victory in the U.S. election. It highlights how Tesla's shares experienced a meteoric rally, driven by several factors including Trump's pro-business policies, potential tax cuts, and deregulation which are seen as beneficial for tech and automotive companies like Tesla. The market's positive reaction was also fueled by expectations of infrastructure spending and a more favorable environment for electric vehicles due to Trump's previous support for American manufacturing. However, the article also notes concerns about Trump's stance on climate change and renewable energy, which could pose long-term challenges for Tesla's mission to accelerate the world's transition to sustainable energy.

Read the Full MSN Article at:
[ https://www.msn.com/en-gb/money/other/tesla-s-shares-in-meteoric-rally-after-trump-s-us-election-victory/ar-AA1vMR1W ]

N@N

Tesla's shares in meteoric rally after Trump's US election victory