From Nasdaq: 2024-11-07 08:33:00

In a historic comeback, Donald Trump wins the 2024 U.S. election over Kamala Harris, sparking record market highs. Tesla stock surges 15% post-victory, adding $20 billion to Elon Musk’s wealth overnight. Trump’s strong stance against EVs may not affect Tesla due to its cost efficiency and production scale advantage over competitors like Rivian.

Trump’s friendship with Musk could benefit Tesla under his administration, potentially leading to unique advantages for the company. Trump’s trade policies, including potential tariffs on Chinese EVs, could further boost Tesla’s position in the U.S. market. Tesla’s energy business growth aligns with Trump’s pro-domestic manufacturing policies, setting the stage for continued success.

A pro-deregulation stance under Trump could benefit Tesla’s Full Self-Driving technology and autonomous driving advancements. Tesla’s technical strength is evident as its stock trades above key moving averages. With a promising earnings report and growth outlook, Tesla’s future under Trump’s administration looks bright, especially in the long term.

Tesla’s growth potential under Trump’s presidency is significant, with factors like vehicle delivery growth, margin improvement, and AV technology advancements driving future success. Despite short-term volatility, Tesla remains a strong long-term buy, poised to benefit from Trump’s policies and market shifts. With a Zacks Rank #1, Tesla is well-positioned for growth in the coming years.



Read more at Nasdaq: Tesla Stock Pops on Trump’s Triumph: Can the Stock Reach $500 in 2025?