The result of the North American elections, which surprised many, also caused some surprise in the value of Tesla.whose shares began rising on Election Day (5/11), even before the vote was announced, and then picked up pace until the stock market closed on Friday (8/11). Over the last five days, Tesla’s value rose 31.3%, reaching $322.80 at the close, which raised the The brand’s market capitalization exceeds billions of dollars. (Billion dollars in Portuguese, or 1 million million).
Evolution of Tesla’s share price during the US elections
It is not the first time that the North American electric vehicle manufacturer has exceeded the trillion-dollar threshold, which has led Tesla to become the The most valuable vehicle manufacturer in the world.valued at 1,020 billion dollars, four times more than the value of second place, Toyota (226 billion dollars) and exceeding the value of the 14 manufacturers that follow it in the ranking. category of the stock market value. In 3rd position comes the first Chinese brand, BYDwith a value of 113 billion, followed by Ferrari (87 MM), Porsche (63 MM), General Motors (60 MM), Mercedes (59 MM), Volkswagen (47 MM), BMW (45 MM) and Ford (43 MM). MM) completing the top 10. They are followed by Maruti Suzuki (42.1 MM), Mahindra (42 MM), Honda (41 MM), Tata (39 MM) and Stellantis (38 MM).
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On Monday (11/4), the stock closed with Tesla trading at $243.65 per share, and then on Election Day (11/5), it rose to $259 at the close, an increase of 6.2% . It was the next day (11/6), when the results began to be known, that there was a jump of 9.5%, with the shares reaching $286.74. On Thursday the 7th and with the idea that victory would not escape Donald Trump, the shares rose another 4.1%, to jump another 7.5% on Friday (11/8). All because the market believes that the Tesla can take advantage of Elon Musk’s privileged relationship with Donald Trump or at least while it lasts.
Source: Observadora
