Reported 19 days ago
Tesla's stock rose nearly 15% after Donald Trump won the presidency, significantly benefiting CEO Elon Musk due to their close ties. Trump, a prominent supporter of Musk during the campaign, plans to tap Musk for a government efficiency commission, further enhancing Musk's influence over policies related to electric vehicles and other industries. Analysts believe that Trump's proposed tariffs on Chinese imports and a deregulatory approach could offer Tesla a competitive edge over its rivals.
Source: YAHOO