Tesla shares surge 14% in premarket trading as Donald Trump claims US election win, hails ’super genius’ Elon Musk
Shares of billionaire Elon Musk’s Tesla surged 14.62 per cent to $288.38 as of 5:24 a.m. (EST) in the pre-market trading session on Wednesday, November 6, with the expectation of a win for Republican candidate and former US President Donald Trump.
Tesla shares closed at $251.44 in the previous market session.
Elon Musk has played a key role in supporting Donald Trump throughout his election campaign. The former president also promised to make the billionaire head of a government efficiency commission, as per a Reuters report.
“The market believes a Trump presidency will unleash animal spirits and give a boost to growth in the short-term through some relief on corporate taxes and deregulation,” Frédérique Carrier, head of investment…
