Shares of Tesla (TSLA) rose an additional 4% on November 22 and are approaching a new 52-week high as the post-election rally in the electric-vehicle maker’s share price continues.
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TSLA stock is now up more than 60% since the end of October, with most of that gain coming since Donald Trump won the U.S. presidential election on November 5. The company’s share price is now up 42% on the year, with all that gain coming in the past few weeks. The share price is nearing a 52-week high of $361.53.
The stock continues to rally as Tesla CEO Elon Musk becomes more enmeshed with Trump’s government and transition team. After stumping for Trump on the campaign trail, Musk has been tasked by Trump with finding efficiencies and cutting waste within the U.S. federal government in Washington, D.C.
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In addition to Musk’s relationship with Trump, TSLA stock has also gotten a boost…
