Tesla Shares Surge 15%, Adding $120 Billion in Value Following Trump's Re-Election

Nov 6, 2024, 01:53 PM

Tesla shares surged significantly following Donald Trump's re-election as U.S. president. The stock rose by as much as 15% in premarket trading, adding approximately $120 billion in value and reaching a 15-month high. Tesla shares jumped 13.25% to $284. Investors are optimistic about the potential benefits for Tesla, given Elon Musk's increasing influence and Trump's praise for Musk's achievements with SpaceX and Starlink. Tesla's market value now exceeds $900 billion.