Tesla Inc.'s stock surged 8.2% on Friday, regaining a market value of over $1 trillion, boosted by investor optimism about Donald Trump's presidency aiding the company.
Analyst Dan Levy emphasized that the stock's rise reflects Elon Musk's significant role in the Trump campaign and acknowledges Tesla's status as the 'original meme stock,' trading alongside cryptocurrencies.
Despite uncertainties regarding how a Trump presidency might directly benefit Tesla, investors remain optimistic, leading to a record surge in Tesla's call option volume and heightened market activity.
Levy noted, 'The benefits to Tesla of a Trump win are not as obvious at first glance,' particularly with potential changes in EV-related policies under the new administration.
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