Elon Musk's Tesla's Shares Soar Over 15% After Donald Trump's Big Win

Shares successful Tesla soared successful pre-market trading Wednesday aft Donald Trump claimed triumph successful the US statesmanlike predetermination and hailed the electrical car company's brag Elon Musk arsenic a "genius".

Tesla shares were up much than 15 percent astatine $289.44 successful after-hours deals earlier the opening doorbell connected Wall Street.

Investors welcomed the imaginable of a Trump triumph arsenic Wall Street futures -- bets connected what the terms of a banal volition beryllium astatine a aboriginal day -- jumped arsenic the erstwhile president appeared poised to decision Vice President Kamala Harris.

Musk shared a photograph connected his societal media level X showing him with Trump astatine an predetermination ticker enactment successful Florida, and the Republican campaigner singled him retired during a celebratory speech.

"We person a caller star, a prima is born: Elon," Trump said, marvelling astatine Musk's SpaceX rocket and the deployment of the Starlink outer net work during Hurricane Helene.

"He's an astonishing guy," Trump said. "He's a character, he's a peculiar guy, he's a ace genius."

Musk staunchly supported Trump during the run done America PAC, a governmental enactment committee that contributed tens of millions of dollars and doled retired $1 cardinal giveaways to registered voters successful cardinal states.

"Tesla shares are rising owed to his peculiar ties with Donald Trump," Andrea Tueni, expert astatine Saxobank, told AFP.

Trump, Tueni said, "owes him a lot".

Investors are betting that their closeness "will crook into thing affirmative for Tesla", Tueni added.

Trump said during the run that, if helium won the White House, helium would instal the tech billionaire astatine the caput of a authorities ratio committee to destruct "trillions" of dollars successful wasteful spending.