Tesla stock price up by 15% after Elon Musk-backed Donald Trump wins US election
Elon Musk-led Tesla’s stock price surged by over 14 per cent on NASDAQ, hours after Donald Trump won the US presidency for a second term. The surge comes after the US president-elect mentioned the billionaire at his victory speech in Florida.
On NASDAQ, Tesla shares were trading at $289.41, up by 15 per cent in early hours. Tesla shares had opened at $284.67 at the opening and reached a day high of $289.59.
“He’s a character. He’s a special guy. He’s a super genius,” Trump said about Musk while addressing his supporters in Florida. “We have to protect our geniuses. We don’t have that many of them,” the president-elect added.
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“Let that sink…
