Tesla Stock Returns to Record High With an Assist From Trump

Few investors have benefited more from the post-election rally in US stocks than Elon Musk and his fellow Tesla shareholders.

The stock has surged 69% since Donald Trump won a fresh term — a market value increase of more than $556 billion — and it’s almost doubled since the electric-vehicle maker’s third-quarter results in October. The crowning moment (for now) came yesterday when it set a record high for the first time since November 2021.