Wednesday, November 06, 2024

Tesla "Jumps" . . .

 

Tesla Jumps as Musk Seen Winning Under Trump Presidency

A Tesla Model Y on a Tesla dealership lot in Austin, Texas
Brandon Bell / Getty Images

  • Shares of Tesla are jumping as much as 14% in premarket trading Wednesday on investor bets that the electric vehicle (EV) maker run by Elon Musk will be a major beneficiary of Donald Trump’s return to the presidency.
  • Tesla CEO Musk, an outspoken Trump backer, is expected to become a prominent adviser to the president and has been constantly tweeting his support.
  • Tesla's prospects under a Trump presidency are less clear-cut given Trump's pro-tariff stance that may hit China sales and less green-focused initiatives.
  • Ford and GM shares are also rising Wednesday.


https://www.investopedia.com/tesla-jumps-as-musk-seen-winning-under-trump-presidency-8740434