Tesla's market value has increased by $300 billion since Trump's election

11/12 01:32

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since Trump's victory on November 5th, Tesla (TSLA.O) has risen by 39%, with a market value increase of over 300 billion US dollars. On Monday, Tesla rose by as much as 12%. Market professionals pointed out that Tesla is a typical "momentum" stock, and when investor sentiment sharply changes in any direction, its profits and losses will quickly snowball. Interactive Brokers' chief strategist Steve Sosnick said: "The rebound we see is approaching ridiculous levels." Options traders are betting that Tesla will rise further, as the premium for call options over put options is at its highest level since early 2021, with many contracts expecting prices to rise to $450 or more, which could push Tesla's stock price above the intraday historical high of $414.50.

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