Tesla stock extends rally as Musk-Trump alliance fuels gains
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Tesla shares surged over 7% in premarket trading on Monday, driven by investor optimism that the company will benefit from CEO Elon Musk's support of U.S. President-elect Donald Trump.
November 11, 2024 | 12:30 pm
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Tesla shares surged over 7% in premarket trading, driven by investor optimism that the company will benefit from CEO Elon Musk's support of U.S. President-elect Donald Trump.
The news highlights a significant rally in Tesla's stock price, driven by investor sentiment that Musk's support of Trump could lead to favorable conditions for Tesla. This optimism is likely to positively impact Tesla's stock in the short term.
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IMPORTANCE 80
RELEVANCE 100