Nasdaq TSLA Tesla

Why Rumble Stock Was Soaring Today

8 months 3 weeks ago
Shares of Rumble (NASDAQ: RUM) surged today as it continued to ride a wave of support following President-elect Trump's victory last Tuesday. It was one of several stocks in the so-called "Trump trade" to gain on Monday as Tesla and cryptocurrencies like Bitcoin also popped. Ther
The Motley Fool

Are Tesla (NASDAQ:TSLA) and Bitcoin the New Trump Trades?

8 months 3 weeks ago
Tesla (TSLA) and Bitcoin ( BTC-USD ) may be emerging as the new Trump trades, entities closely linked to Trump. Elon Musk’s decision to throw his weight and capital behind Donald Trump’s bid for President has proven highly lucrative for Tesla shareholders. Since Trump’s victory over Vice President Kamala Harris last week, TSLA stock has been rising steadily. Meanwhile, Bitcoin has sparked a rally across crypto markets as enthusiasm builds for Trump’s pro-crypto and pro-Big Business agenda. Tesla and Bitcoin Prices Are Surging Throughout the election season, Tesla has performed extremely well, partly because Musk’s relationship with Trump has been in full focus. In the week since the election, TSLA stock has risen 21%, showing steady growth. Over the past three months, shares have surged 75% as Trump’s path to victory continued to inspire investor confidence in the electric vehicle stock. Meanwhile, Bitcoin prices have been rising as well. Since Trump’s decision to embrace crypto in June 2024, BTC prices have been mostly trending upward. Recently, they soared to a new high on momentum driven by the Federal Reserve’s latest interest rate cut announcement. As of this writing, Bitcoin is trading above $84,000 per coin, the highest price point to date. This rally has sparked speculation as to just how high Bitcoin can go under Trump. While it is difficult to predict an exact number, it is likely that his administration will send it up even further by rolling back regulations. TSLA stock could rise as well if Musk is granted a position in Trump’s cabinet. Some Trump Trades Are Stronger Than Others Until recently, the term “Trump trades” likely sparked images of Trump Media & Technology Group (DJT), the parent company of Truth Social. But unlike Tesla, DJT stock has struggled since its initial election day surge, indicating clear instability. Now that Musk is linked directly to Trump, Tesla is positioned to benefit directly as he takes office. As the most valuable crypto and a bellwether for the sector, Bitcoin is also a likely winner for the upcoming Trump term. As long as the new administration continues the Republican Party’s historic stance on prioritizing deregulatory measures, crypto markets will likely benefit with BTC at the forefront.
TipRanks

Why Tesla Stock Keeps Going Up

8 months 3 weeks ago
Tesla (NASDAQ: TSLA) stock continued putting pedal to metal as stock markets reopened for business Monday. Through 12:20 p.m. ET, the electric car leader gained 7.3%, bringing total gains since Donald Trump won reelection (with Elon Musk's support) to a staggering 37%.
The Motley Fool

Monday's ETF with Unusual Volume: EFIV

8 months 3 weeks ago
The SPDR S&P 500 ESG ETF is seeing unusually high volume in afternoon trading Monday, with over 751,000 shares traded versus three month average volume of about 96,000. Shares of EFIV were up about 0.2% on the day. Components of that ETF with the highest volume on Monday w
BNK Invest

Monday's ETF Movers: LIT, SIL

8 months 3 weeks ago
In trading on Monday, the Lithium ETF is outperforming other ETFs, up about 5.7% on the day. Components of that ETF showing particular strength include shares of Tesla, up about 9.2% and shares of Albemarle, up about 8.8% on the day. And underperforming other ETFs today is the
BNK Invest

Tesla Soars as Musk’s Ties to Trump Ignite Investor Optimism

8 months 3 weeks ago
Tesla (TSLA) extended its recent rally, jumping over 8% on Monday as investors speculated that Elon Musk’s ties with President-elect Donald Trump could yield regulatory advantages for the automaker. The stock hit $348.30, marking a 28% surge since Trump’s election vic
Quiver Quantitative

Nasdaq 100 Movers: SMCI, TSLA

8 months 3 weeks ago
In early trading on Monday, shares of Tesla topped the list of the day's best performing components of the Nasdaq 100 index, trading up 8.4%. Year to date, Tesla registers a 40.1% gain. And the worst performing Nasdaq 100 component thus far on the day is Super Micro Computer,
BNK Invest

S&P 500 Movers: MPWR, BMY

8 months 3 weeks ago
In early trading on Monday, shares of Bristol Myers Squibb topped the list of the day's best performing components of the S&P 500 index, trading up 12.1%. Year to date, Bristol Myers Squibb registers a 18.2% gain. And the worst performing S&P 500 component thus far on
BNK Invest

Quiver Morning Stock Market Reseach

8 months 3 weeks ago
U.S. equities rose for a fifth consecutive session, propelled by a rotation into small-cap stocks, which drove the Russell 2000 index to its highest level since 2021. Investor optimism is riding high as President-elect Donald Trump’s pro-business agenda promises tax cuts, d
Quiver Quantitative

Rivian's $275 Million Windfall Masks Bigger Problems

8 months 3 weeks ago
Rivian (NASDAQ: RIVN) has had problems producing vehicles profitably since coming public, but management thinks that will change in the fourth quarter. What that gross profit will include, though, is a $275 million windfall that may not be sustainable. Travis Hoium digs into the
The Motley Fool
Checked
4 hours 34 minutes ago
This feed is responsible for generating the rss feed related to the topic TSLA
Subscribe to Nasdaq TSLA Tesla feed