Tesla (TSLA) stock hits a new all-time high above $420/share

Tesla's previous all-time high was $414.49/share in 2021.

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While we’re still over a month away from Tesla’s (TSLA) next financial earnings report, the company’s stock has seen some positive activity over the past several weeks. After continuously climbing in value, Tesla stock reached over $422 per-share, a new all-time record for the electric vehicle company.

Tesla stock was valued at $422.13 late this afternoon. That represents a new high for the company’s stock, which previously peaked at $414.49 three years ago.

Tesla's stock chart on December 11, 2024.

Tesla stock has risen exponentially since the 2024 Presidential Election. The stock saw a sharp rise on Election Day, in which Donald Trump, the candidate that Elon Musk publicly endorsed and monetarily supported, was elected to be the next President of the United States. It was then announced that Musk would be given a job overseeing a new department in the US Government.

It’ll be interesting to see how Tesla’s stock is impacted when the company reports its latest quarterly earnings next month. For all things Tesla, stick with us here on Shacknews.

News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_

From The Chatty
  • reply
    December 11, 2024 1:10 PM

    Donovan Erskine posted a new article, Tesla (TSLA) stock hits a new all-time high above $420/share

    • reply
      December 11, 2024 1:56 PM

      Did the edgelord leader make a tweet about smoking a bowl in celebration?

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      December 11, 2024 2:32 PM

      Man I really don't know why ostensibly smart people are all-in on Tesla. When Elon said they're going to be a ten trillion dollar company by selling fucking robots I would've figured people would immediately start selling, but what do I know.

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        December 11, 2024 2:35 PM

        He's good at raising capital and juicing the stock

        As evidenced by the Cybertruck his actual ideas as of late...eh...

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        December 11, 2024 2:56 PM

        He revolutionized electric vehicles
        Runs the only profitable electric car company in the US
        Revolutionized space launches
        Revolutionized satellite internet
        The dude gets things done, not always on time, but he gets it done

        People said the same thing about Google and Facebook back in the day, look at them now

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          December 11, 2024 3:15 PM

          And Twitter.
          Why did you forget Twitter in both of those paragraphs?

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            December 11, 2024 3:29 PM

            Twitter still does it job, I think it worked out pretty well for him. You think twitter has failed?

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              December 11, 2024 3:30 PM

              It's worth 1/2 of what he paid for it, maybe less, and has lost many verified users in the process

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                December 11, 2024 3:36 PM

                Do you think twitter has been good for Musk in the grand scheme of things?
                Tesla now has a 1.3 TRILLION market cap, so something is working for him.
                I would much rather have a Musk saying the occasional stupid thing, but actually speaking from the heart and accomplishing near impossible things, than just about any other "please the shareholders first, say nothing" leaders of most companies

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                  December 11, 2024 3:42 PM

                  [deleted]

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                  December 11, 2024 4:03 PM

                  how much work do you think Elon is doing at Tesla these days while also running SpaceX while also running Twitter while also trying to run a shadow government while also constantly tweeting and playing Diablo?

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                    December 11, 2024 4:17 PM

                    And reportedly the shittiest Elden Ring build evar.

                    • reply
                      December 11, 2024 4:25 PM

                      Fat rolled with a whole extra shield in his inventory

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                December 11, 2024 7:52 PM

                twitter is an absolute failure if you look at it from the perspective of running it as a business, but if you look at it from the aspect of using it to get Trump elected to keep feeding your ego and sucking money off the government teat it's a gangbusters success

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              December 11, 2024 4:28 PM

              You listed it neither as one of his good jobs, nor as one of the great surprising social media companies.

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              December 11, 2024 10:14 PM

              [deleted]

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              December 12, 2024 7:40 AM

              Financially yes? It is valued at 10 billion, versus 44 billion that Musk bought it for. It used to make 1 billion in sales on ads yearly, now it's down to half that per year.

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          December 11, 2024 3:50 PM

          And in all of that he had teams guiding him to interfere as little as possible.

          He had capital and people with both smart ideas and smart enough socially to know how to get him to use it. If anything it is a testament to what the ultra rich could accomplish if they were actually willing to part with their money instead of hoarding it.

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          December 11, 2024 4:01 PM

          It’s really not worth putting up with him.

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            December 11, 2024 4:03 PM

            Who are your top 10 CEO's that you worship?

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              December 11, 2024 4:04 PM

              None, who worships a CEO?

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                December 12, 2024 4:41 AM

                Lots of people seem to have very strong feelings toward Elon, but no other CEO's, I just find the hate fascination with him strange

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                  December 12, 2024 5:22 AM

                  He's the world's richest man, he actively seeks attention and then says/does a lot of controversial things.

                  The hate makes perfect sense to me.

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                  December 12, 2024 5:26 AM

                  What do you find strange about people hating a man like that? You think his words and actions don't warrant hate because he has successful businesses? The worship of a man like that is far more strange if one has any moral compass.

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                  December 12, 2024 7:24 AM

                  [deleted]

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                  December 12, 2024 8:36 AM

                  What other CEO is behaving openly like he does? People REALLY HATED Bill Gates in the evil Microsoft era.

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                  December 12, 2024 10:15 AM

                  Elon is far more publicly active in personally being an idiot mouthpiece for his companies and his other shitty ideas about culture and government. He earns the ire pretty much every time he opens his mouth or uses a keyboard.

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              December 11, 2024 4:06 PM

              feek CEOs

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              December 11, 2024 4:30 PM

              You know what you just said about how YOU feel about Elon with that question, right?

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              December 11, 2024 6:42 PM

              [deleted]

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              December 11, 2024 7:51 PM

              0. fuck all of them. what the hell are you even talking about?????

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              December 12, 2024 12:42 AM

              I don't think I can even list 10 different CEOs, let alone 'worship' any of them.

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            December 11, 2024 4:05 PM

            Is that a thing I’m supposed to be doing

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          December 11, 2024 10:13 PM

          [deleted]

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        December 11, 2024 3:11 PM

        [deleted]

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        December 11, 2024 3:17 PM

        I sold my shares because he sucks and makes bad products but why does this turn out to be a bad financial decision?

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        December 11, 2024 4:27 PM

        [deleted]

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        December 11, 2024 5:07 PM

        It's gambling

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          December 11, 2024 5:50 PM

          Not really a good analogy imo. It's not like people are making tons of cars to sell to what looks like unending demand. The value of the stock is completely unhinged from anything to do with the car business

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            December 11, 2024 6:12 PM

            Yeah, the dutch tulip thing is more of an analogy for the stock (and crypto market as a whole). At some point soon everyone is going to realise that it doesn't correlate with anything tangible and it will tank.

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              December 11, 2024 6:16 PM

              See I think we're already past that point. People are buying and selling the stock solely on speculation about the value of the stock, no matter the actual performance of the company

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        December 11, 2024 8:15 PM

        [deleted]

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      December 11, 2024 3:47 PM

      Hitch yourself to Trump -> Trump wins election -> stock price soars. Congrats on winning the 50/50 bet Elon.

      • rms legacy 10 years legacy 20 years mercury super mega
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        December 12, 2024 9:16 AM

        oh it wasn't 50/50. he put his thumb on the scale

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          December 12, 2024 9:28 AM

          He certainly did. I just meant it more like one or the other was getting elected basically.

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      December 11, 2024 6:39 PM

      I'd be embarrassed to drive a Tesla

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