Tesla stock surged nearly 15% in pre-market trading on Wednesday as Donald Trump appears to be leading in key states such as North Carolina, Georgia, and Pennsylvania after clinching victories in important states. Trump recently declared victory at a gathering in West Palm Beach, Florida, praising Elon Musk, the CEO of Tesla and SpaceX, who shares a similar political ideology.
Trump stated, “(Musk) is a role model, a brilliant man, and a genius, and we need to protect this kind of genius because there aren’t many like him.”
Moreover, Trump himself has previously stated that if he wins the election, Elon Musk will join his administration to help reform government efficiency.
Source: Barron’s
TLDR: Tesla stocks soared amid Trump’s potential victory, with praise for Elon Musk’s brilliance and the possibility of him joining the administration for reform efforts.
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