As Donald trump walking to white house the Tesla share surge to 14.62% in pre-market on Wednesday. Republican Party’s Donald trump defeated democratic party leader Kamala Harris.
Musk wrote ‘it’s a morning again’, after gaining the sufficient electoral votes trump says. On Wednesday Tesla share rise up by 14.75% or $37 and by market close the share ending trade is $288.53
“Musk basically hedged his bets by his association with Trump and likely will get favorable treatment from the Trump administration,” said Dennis Dick, trader at Triple D Trading.
“Your money is being wasted, and the department of government efficiency is gonna fix that,” he said. “We’re going to get the government off your back and out of your pocketbook.”
Also Donald trump is going to end taxation on electrical vehicle which would be the another hamper for Tesla motors and all electric vehicle manufacturer.