No tech giant’s stock got off to a tougher start this year than Tesla’s. Now, though, the automaker is set to finish 2024 with a bang thanks to a postelection rally that has propelled Tesla stock to a record high, and led Wall Street analysts to embrace one of the market’s most popular and volatile stocks all over again.
Shares in the electric vehicle giant have risen roughly 70% since Donald Trump’s victory on Nov. 5 and nearly tripled since late April, when they fell below the $140 mark and were down over 40% for the year. The stock rose 6% Wednesday to hit a closing price of $424.77, beating its previous best finish of $409.97 on Nov. 4, 2021.
