The shares of the American electric vehicle manufacturer Tesla have reached an all-time high. As of 22:30 Turkish time, Tesla's stock price increased by over 4%, rising to $419.8. Thus, the company's stock price surpassed the peak of $414.5 recorded on November 3, 2021. With the rise in its shares, Tesla's market value reached $1.3 trillion. MUCH'S FORTUNE HAS REACHED $400 BILLIONThe net worth of Tesla's CEO Elon Musk, the richest person in the world, has also exceeded $370 billion. Tesla shares had risen after Musk-backed Donald Trump was elected as the 47th president of the United States.
Since Trump's election victory, Tesla's shares have gained over 66% in value. The announcement that Trump's elected administration would be led by Musk and entrepreneur Vivek Ramaswamy in the Department of Government Efficiency also had an impact on the direction of Tesla's shares.
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