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Tesla Stock Heading to Highest Value since Nov. 2021


Thu 12 Dec 2024 | 01:03 AM
CEO of Tesla Elon Musk
CEO of Tesla Elon Musk
Taarek Refaat

Tesla's stock rose for the sixth consecutive session, heading for a new record high during Wednesday's trading, following a positive recommendation from Goldman Sachs analysts.

Tesla shares rose 3.1% to $413.36, approaching an all-time high of $414.50, recorded on November 4, 2021.

The stock benefited from the close relationship between the world's richest man, Elon Musk, and the US President-elect, Donald Trump, rising by 60% since the beginning of the year, and by 59% since Trump's election victory on November 5.