Tesla's market value has accumulated $300bn since Trump's victory

Tesla (TSLA.O) has accumulated a 39% gain since Trump's Nov. 5 victory, adding more than $300 billion to its market value. At one point on Monday, Tesla jumped 12%. Market professionals say Tesla is a classic ‘momentum’ stock, with gains and losses snowballing quickly when investor sentiment shifts sharply in either direction, said Steve Sosnick, chief strategist at Interactive Brokers: ‘The rally we're seeing is approaching ridiculous mode.’ Options traders are betting on further gains for Tesla, with premiums for 3-month calls over puts at their highest level since early 2021, with a large number of contracts expecting prices to rise to $450 and above, which would put Tesla shares on track to surpass their intraday all-time high of $414.50.