Tesla Shares Hit Record High Amid Strong Demand

Tesla shares have surged to an all-time high of approximately $418, more than doubling in value over the past four months, driven by strong demand in key markets like China and optimism surrounding a potential new affordable model expected by 2025. The stock's significant rise, which includes a 65% gain since the U.S. presidential election, reflects investor confidence in the company’s future prospects, particularly given CEO Elon Musk's close ties to President-elect Donald Trump. Analysts, including those from Goldman Sachs, have raised their price targets for Tesla, citing its advancements in AI and autonomous driving as pivotal to its growth. Musk's net worth has also soared, making him the first person to exceed $400 billion in wealth. However, some analysts caution about potential challenges in the automotive sector, while still recognizing Tesla's long-term opportunities in technology. Overall, Tesla’s performance has positioned it as a major player in both the automotive and tech sectors, marking a significant shift in its market perception.