Investing.com — Tesla Inc (NASDAQ:), hit a record high Wednesday as the EV maker continues its post-election surge on bets that CEO Elon Musk’s close relationship with president-elect Donald Trump will benefit Tesla.
Tesla jumped more than 3% to $415.57, following a 64% jump since Donald Trump’s election victory last month that has seen the company’s market cap jump by more than $500B to $1.3T.
Musk, who threw his weight behind Trump’s during the election campaign, has “significant influence” in the Trump White House, Wedbush said in a note earlier this month.
The “golden path for Tesla around Cybercabs and autonomous is now within reach with an emboldened Trump/Musk strategic alliance playing out in real time and very in line with our thesis,” it added.
