Tesla options draw 'euphoric' trading as Trump win fires up stock
- Posted on November 12, 2024
- By Business News Today
- 2 Views
Tesla options draw 'euphoric' trading as Trump win fires up stock
Tesla shares surged by 8% due to investors' optimistic outlook on Elon Musk's connection with then President-elect Donald Trump. The stock reached its highest point in over two years. Trading activity in Tesla options was exceptionally high, with a significant portion concentrated in short-term contracts. Analysts suggested that a Trump administration could be advantageous for Tesla.