If You Invested $1,000 In Tesla When Joe Biden Was Elected President, Here's How Much You'd Have Now
Portfolio Pulse from Henry Khederian
Since Joe Biden's election as U.S. president, Tesla Inc's (NASDAQ:TSLA) stock price has seen a significant increase. The stock was trading at around $130 per share on the day of the election and is now trading at roughly $240. This 84.6% increase is attributed to increased government subsidies in the EV market, well-received upcoming products, and improved global reach and production goals due to new factories in China and Germany.
August 14, 2023 | 11:50 pm
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Tesla's stock price has increased by 84.6% since Biden's election. This is due to increased government subsidies in the EV market, well-received upcoming products, and new factories in China and Germany.
The increase in Tesla's stock price is attributed to Biden's election, which is seen as a sign of increased government subsidies in the EV market. This has boosted investor confidence in Tesla's long-term prospects. Additionally, the company's upcoming products, including the Cybertruck, have been well-received, further increasing investor confidence. Lastly, Tesla's new factories in China and Germany have improved its global reach and production goals, contributing to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100