Tesla Stock Nears Record High Amid Market Surge

Tesla's stock is nearing a record high, driven by CEO Elon Musk's support of Donald Trump and a bullish outlook from Morgan Stanley analyst Adam Jonas, who raised his price target to $400. Strong sales growth in China, which accounted for 40% of Tesla's Q3 sales, and confidence in Tesla's autonomous vehicle technology are also contributing factors. Investors are optimistic about the potential for Tesla to monetize self-driving technology as a subscription service, which could be more lucrative than car sales.