Shares of the American electric car manufacturer “Tesla” (Tesla) rose in price by more than 14 percent today against the backdrop of Donald Trump's victory in the United States presidential elections, reports CNB.
Investors are eyeing Tesla shares because the company's CEO and majority shareholder, Elon Musk, is one of Trump's most prominent supporters. The market now expects Musk and Tesla to benefit from his election victory, market analysts said.
Billionaire Musk has donated tens of millions of dollars to Trump's election campaign, according to official data. He even held some sort of lottery. Through the agreement, Musk is giving $1 million per day to registered voters in US states, where the US presidential election is considered the most hotly contested.
Meanwhile, Donald Trump hinted during the election campaign that Elon Musk could be appointed to head a new government efficiency commission.
Musk himself claimed the US federal budget of 6.75 trillion dollars could shrink by around 2 trillion, according to CBS.
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