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.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaJapan

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 00:20:05 (1 weeks 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

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