Tesla's stock is experiencing a notable uptick on December 23, 2024, driven by a combination of market dynamics and strategic corporate maneuvers. A significant factor is the ongoing discussion around electric vehicle (EV) incentives, particularly in international markets. Tesla has been actively lobbying for increased EV incentives in the UK, contrasting its stance in the US, where it aligns with political influences against such incentives. This strategic lobbying in the UK aims to bolster EV adoption by advocating for higher taxes on fossil fuel vehicles, potentially enhancing Tesla's market position in Europe. Additionally, the broader market sentiment is influenced by the anticipation of a potential Santa Claus rally, which could be contributing to the positive momentum in Tesla's stock.
The Graniteshares 2x Long TSLA Daily ETF (TSLR) has risen to $50.42, marking a 5.77% increase from the previous close.