Tesla (NASDAQ: TSLA) stock appears to be closing the year off strong. As of the market close on Wednesday, December 11, 2024, TSLA was up by almost 6% at $424.77.
On Wednesday, Tesla stock set a new record, beating its previous record close of $409.88. According to the Motley Fool: “Tesla stock is sitting on a year-to-date return of 56%.”
Tesla saw its stock price rise after President-elect Donald Trump’s win. The incoming Trump administration is expected to ease regulations on technologies like Tesla’s Full Self-Driving.
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