Tesla's Stock Hits All-Time High

Tesla Inc. saw its shares climb to an unprecedented high on Thursday, surpassing the previous record of $424.88 per share set just yesterday. This remarkable surge in the company's stock value is indicative of a growing investor optimism surrounding Tesla's future prospects.

Driving Factors Behind the Surge

On a monthly scale, Tesla's stock has experienced an impressive 29% increase. This jump can be largely attributed to the anticipation surrounding the company's planned release of its Full Self-Driving technology in 2025. Furthermore, the victory of United States President-elect Donald Trump in the November 5 elections has fueled expectations that the incoming administration may ease regulations on autonomous driving, thereby further boosting Tesla's growth potential.

Elon Musk's Billionaire Status

In a testament to Tesla's meteoric rise, CEO Elon Musk recently became the first individual to amass a net worth exceeding $400 billion, as reported by the Forbes billionaires list. As of 9:31 am ET, Tesla's stock was trading at $426.92 per share, marking a 0.35% increase.