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Teslashares have kill since the U.S. election as investors bet that a Trump presidencywill gain the automakerled by ally Elon Musk . Tesla ’s shares have tease about 30 % since Tuesday , including an increase Friday aurora that pushed the fellowship ’s grocery detonator past the $ 1 trillion grade .
The percentage spike is mostly connect to Musk , who launched a multimillion - dollar effort to re - elect Donald Trump that included using X , the social sensitive political platform formally be intimate as Twitter that he owns . Musk , who also own in camera held company like SpaceX , The Boring Company , and Neuralink , has publicly bear Trump in venom of the president - elect ’s anti - EV stance and climate change disbelief .
Tesla first reached the trillion - dollar rating club three years ago . Shares hit a high of $ 407 a share November 2021 , but fell more than 70 % over the next year . The ancestry , which has been volatile , began to recover in give 2023 .
