Tesla shares reached a record high Wednesday, closing at over $420, fueled by post-election enthusiasm and Wall Street's optimism about Tesla’s AI potential. Shares in the EV giant have surged over 70%, with a 38% rally in November alone. Analysts from Goldman Sachs, Morgan Stanley, and Bank of America have recently boosted their ratings, citing growth potential in autonomous vehicles and Musk's influence in the Trump administration. Tesla's stock performance marks a sharp recovery from its 29% decline earlier this year.
Category
🗞
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla shares reached a record high Wednesday, closing at over $420,
00:06fueled by post-election enthusiasm and Wall Street's optimism about Tesla's AI potential.
00:12Shares in the EV giant have surged over 70% with a 38% rally in November alone.
00:17Analysts from Goldman Sachs, Morgan Stanley, and Bank of America have recently boosted their
00:22ratings, citing growth potential in autonomous vehicles and Musk's influence in the Trump
00:26administration. Tesla's stock performance marks a sharp recovery from its 29% decline
00:32earlier this year. For all things money, visit Benzinga.com slash GSTV.