Tesla hits $1 trillion market value as Musk-backed Trump win fans optimism

Quick Summary:

Bets are growing on favourable treatment for Musk’s companies in return for his support for Donald Trump in his US poll campaign.

The electric automaker’s shares rose more than 6 per cent to a more than two-year high of US$315.56, after having gained 19.3 per cent up to the Nov 8 close.

Mr Musk has focused on self-driving vehicle technology, ditching plans to build an economy car priced at under US$30,000.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeChinaJapan

Topics: Japan’s Been Shares First World’s Elon Automaker Years Valuable Toyota Tesla

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 00:20:05 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 413 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23471925

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 20 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 4 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions