Tesla Shares Surge, EV Charging Declines

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Tesla Stock Jumped

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Tesla shares

The Motley Fool

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Why Tesla Stock Jumped in December While EV Charging Stocks Tanked

Summary

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73% Informative

Tesla (NASDAQ: TSLA) CEO Elon Musk bet on Donald Trump winning the November election, and investors jumped on the Tesla bandwagon after discovering he bet right.

The election results helped drive Tesla shares sharply higher to end the year .

But with those U.S. election results comes a mixed picture ahead for the electric vehicle ( EV ) sector.

Charging infrastructure companies, like ChargePoint and EVgo , are counting on continued expanding EV sales.

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Stock Advisor returns as of December 30, 2024 Why Tesla Stock Jumped in December While EV Charging Stocks Tanked was originally published by The Motley Fool .

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