Elon Musk's closeness to Donald Trump sends Tesla's share price soaring.
Introduction
Tesla reaches another milestone: following Donald Trump's election victory, the stock market value of the electric car pioneer rises above the one trillion dollars. How does the connection between Elon Musk and Trump influence this upswing, and what does this mean for the future of Tesla and the electric mobility industry?
Tesla's impressive share price rise
Since election day on Tuesday, the Tesla-share has recorded a remarkable increase of over 25 %. On Friday alone, the share price rose by more than 8% to 321.22 dollars. This boom has catapulted Tesla's market capitalization back above the magical one trillion dollar mark for the first time since 2022, making the company the ninth most valuable company in the world.
Elon Musk and his connection to Donald Trump
Elon Musk, CEO of Tesla, is known as one of the most vocal supporters of Donald Trump is well known. It is expected that Musk could play a key role in the new US administration in reducing government spending. However, analysts warn of potential conflicts of interest, as this would put Musk in a position where he would effectively be supervising himself.
Impact on the electric mobility industry
While many electric car manufacturers are struggling with a decline in demand, the Tesla benefit from political proximity to Trump. Although a government that focuses on increased production of oil and natural gas could mean headwinds for the industry in general, experts see Tesla as a possible exception.
Expert opinions
- Frederik Altmann from Alpha Wertpapierhandel believes that Tesla will benefit from an outright Republican victory.
- Andreas Lipkow, equity expert, expects Musk's political influence to have a particular impact on the robotaxis could gain momentum in the USA.
- Rob Enderletech analyst, warns of the risks if Musk were responsible for reducing government spending.
Conclusion
The renewed rise in Tesla's stock market value reflects investors' confidence in the company and its CEO. The coming months will show how the political landscape will change under Trump. Tesla and the entire electric mobility industry. One thing is certain: Tesla remains a key player in the automotive industry.
Keywords: Tesla, Tesla Share, Elon Musk, Donald Trump, Tesla's stock market value, Tesla Model Y, Tesla Model 3, Tesla accessories, Tesla Store, Shop4Tesla, Tesla News
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