Since the election of Donald Trump as the new US President, Tesla shares have only known one direction – upwards. No wonder, after all, it became clear during the election campaign that Tesla boss Elon Musk would play a key role in Trump’s government. Something historic could happen this week.
Since election night, November 5th, Tesla shares have increased in price by 66 percent. On the one hand, the Musk Group has risen back into the elite circle of companies that bring at least a trillion dollars to the stock market. On the other hand, the price is only just below the all-time high from 2021 at $414.50.
THE SHAREHOLDER had pointed out this very scenario in the run-up to the election, and the conclusion at the time was: “An election victory for Donald Trump is also a victory for Elon Musk and therefore Tesla.” Anyone who entered the ticket with the WKN SJ0UPD can now count on a Look forward to an increase of 270 percent in just five weeks.
However, there is no end to the rally in sight because the bullish momentum is extremely strong and the indicators have not yet gotten hot. There is therefore a good chance that Tesla shares will reach a new all-time high this year. From a technical chart perspective, there would then be no more resistance. The next target could therefore be the psychologically important $500 mark.
Anyone who took part in the Trump trade a little over a month ago was able to significantly increase their Christmas bonus. There is also a good chance that the stock will continue to run and mark a new all-time high. Afterwards, courses of up to $500 are possible. Investors who are on the note with the WKN SJ0UPD let the profits run and adjust their stop to 15.00 euros.
