From Investing.com: 2024-11-11 07:34:36

Shares in Tesla surged by 6% in premarket trading, following an 8.2% spike on Friday, propelling the company’s market value above $1 trillion. CEO Elon Musk’s ties to Trump’s re-election campaign have fueled optimism for the electric vehicle giant, with analysts raising their price target to $400. Musk has expressed interest in pushing for federal approval of autonomous vehicles under a potential Trump administration, aiming to drive growth in Tesla’s autonomous driving technology. The stock has gained around 30% this year, with analysts projecting the AI and autonomous opportunity to be worth $1 trillion for Tesla.



Read more at Investing.com: Tesla shares rise premarket, pointing to extension in post-election rally By Investing.com