Stay up to date with the CriptoTendencia WhatsApp channel: Instant news about Bitcoin, Altcoins, DeFi, NFT, Blockchain and Metaverse. Subscribe!
Getting into politics, at least directly, has never been to the liking of the great figures in the world of finance. They prefer to influence politicians from behind the scenes. However, Elon Musk seems to break those stereotypes and is now emerging as one of the protagonists of the Trump government. This leads the shares of its flagship company, Tesla, to remain on an enviable streak.
Since the US presidential election, the company’s shares have returned +69%. The fact of being in high political positions, even without being officially a government official, makes investors assume that Musk will create the conditions for the rise of his companies.
And they are probably not wrong about this. Considering Elon Musk’s pragmatic personality, he will almost certainly leverage his influence over Donald Trump to improve his financial prospects. In short, for Tesla this translates into a huge opportunity to expand.
More Read
During trading on Wednesday, Tesla shares rose by no less than 5.93%, as data from Yahoo Finance shows. So far in 2024, they have an outstanding +71%. According to experts cited by CNBC, Musk’s fan club increased with his jump towards the MAGA project.
Tesla stock performance over the past month. Source: Yahoo Finance
Tesla shares could be the big stars in 2025
The elements described above become a promise for investors that TSLA shares will experience a big jump in 2025. To get an idea of the company’s good moment on the stock market, it is worth mentioning that the records of 2021 are behind it .
Before the opening of operations this Thursday, the company’s shares are priced at $424.7 dollars per unit. This is a distance of $15 above the previous all-time high of $409.9 from November 2021. Musk’s efforts and investments for Trump’s victory appear to be starting to pay off even before the president takes office.
According to data from the aforementioned news portal, the owner of Tesla would have donated about $277 million dollars to Donald Trump’s campaign. Added to this was the conversion of his social network X (former Twitter) into a right-wing ideological platform to promote his favorite candidate. In simple words, Musk took a gamble, given that a Trump defeat would have become significantly negative for his empire.
Either way, Musk consolidates himself as the richest man in the world, with a fortune of $433 billion, according to Forbes. Meanwhile, Tesla stock remains on a roll that could increase in 2025 as major events of the Trump administration unfold.
Related
Crypto Keynote USA
For the Latest Crypto News, Follow ©KeynoteUSA on Twitter Or Google News.
