Why Tesla Stock Jumped 38% in November
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Tesla's stock surged 38% in November, driven by optimism that Trump's election victory would benefit the company. CEO Elon Musk's support for Trump is seen as a positive factor.
December 03, 2024 | 10:00 pm
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Tesla's stock price increased by 38% in November, largely due to expectations that Trump's presidency would favor the company. CEO Elon Musk's alignment with Trump is perceived as beneficial.
The stock's significant rise is attributed to the political climate change with Trump's election, which investors believe could benefit Tesla. Musk's support for Trump adds to this positive sentiment.
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