Reported 19 days ago
Tesla's stock surged nearly 15% following Donald Trump's victory in the recent presidential election, with investors optimistic about potential policy benefits for the company. Elon Musk, a prominent supporter of Trump, had previously invested over $132 million in campaign donations. Analysts suggest that while some of Trump's policies may complicate the electric vehicle market, Tesla's competitive edge could thrive in a landscape with reduced subsidies and increased tariffs on foreign competitors, potentially enhancing the company's market value significantly.
Source: YAHOO