Tesla Stock Surges to All-Time High

Tesla reaches new heights, boosted by artificial intelligence prospects and the benevolent shadow of Uncle Trump.

On Wednesday, Tesla hit new all-time highs, climbing to $424.88 during trading and closing at $424.77. At the opening, a new record was set at $426.92 before it slightly retraced. This spectacular performance caps off a year marked by an impressive rise: the stock has tripled in value since its annual low of $138.80 in April. To give you an idea of Tesla’s phenomenon, with a market capitalization of over $1.3 trillion, Tesla surpasses the combined value of the world’s 27 largest automakers.

In the shadow of this financial success, it is impossible to ignore the links between Elon Musk and Donald Trump. Their presence together at the reopening of Paris’s Notre Dame Cathedral this Saturday exemplifies connections that go well beyond mere politics. Forget the missteps of the brilliant entrepreneur; his strong defense of free speech through sharp remarks on his personal social network X (formerly Twitter) — all is forgotten. This support for Trump naturally boosts investor confidence in Tesla, but has also attracted a segment of the financial world with pro-business and anti-regulation convictions.

But beyond that, whether you love or hate him, Musk is not just an influential political figure but above all a technological visionary. His massive diversification into artificial intelligence, via initiatives such as xAI, increases the perceived value of Tesla and surrounding ecosystem companies. These AI advancements, combined with Tesla’s robotics expertise, open doors not only in automotive but also in other sectors like energy and digital services.

With record sales and ambitious projects for 2024 such as Robotaxi or Cybercab, Tesla is at a crossroads between technological innovation and political influence. Musk, blending industrial vision with a polarizing stance, is redefining the role of a CEO in an era where economics, technology, and politics dance a cumbersome Baroque waltz.

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