Tesla stock nearly doubles after U.S. elections

Note: This section contains information in English only.
Source: Dukascopy Bank SA
After the results of the 47th U.S. presidential election, Tesla's stock price has gained more than 80%. It's clear that Elon Musk's endorsement of Donald Trump has been positive for both Tesla investors and Musk himself. Overall, TSLA stock has outperformed the S&P 500 by more than 55% year-to-date. Not only has the endorsement of the newly elected President Donald Trump been beneficial, but forward-looking innovations have also been key components of the stock's market performance.



Although last quarter's earnings and revenue numbers were both above and below estimates, the new pro-growth administration will play a significant role in Tesla's future business results. Overall, analysts have raised their forward targets for revenue, earnings, and growth in 2025, which could signal continued momentum for the stock in the long term.
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