Shares of Tesla Inc (NASDAQ: TSLA) have been having a phenomenal second half of 2024. The electric vehicle (EV) stock is up an impressive 150% since April, putting it at its highest levels since 2022. Now, with shares less than 20% away from a record high, it’s easy to see why so many investors are feeling bullish, especially when you consider how little it would take for a tech giant like Tesla to close that gap.
The surge has been bolstered by an unexpected catalyst: founder and CEO Elon Musk’s close relationship with President-elect Trump - more on that below. For now, let’s just say there are several reasons investors should be getting excited about the Austin-based company, chief among them the likelihood that the stock will be ever closer to all-time highs by Christmas.
