Tesla Stock Surges After Trump Election Win

Following Donald Trump's election victory, Tesla's stock has surged nearly 50%, propelling its market capitalization beyond $1.1 trillion. This increase is attributed to investor optimism about favorable policies under a Trump administration, particularly regarding autonomous driving and AI advancements. Wedbush analysts forecast that Tesla's stock could reach $400 per share, highlighting the potential regulatory benefits that could accelerate the company's growth. Retail investors have also seen significant gains in ETFs associated with Tesla and other tech companies like MicroStrategy and Palantir, with some ETFs rising nearly 90% since the election. Additionally, hedge funds betting against Tesla have faced substantial losses, totaling $8.72 billion since November 4. Overall, the market is buoyed by expectations of strong economic growth and less regulation, which are believed to benefit companies closely aligned with Trump's policies.