Nov 06, 2024 04:22 PM IST
Tesla shares soared after the victory of Republican candidate and former President Donald Trump within the US elections whom CEO Elon Musk had personally endorsed
Tesla shares soared after the victory of Republican candidate and former President Donald Trump within the 2024 US elections whom CEO Elon Musk had personally endorsed.
Tesla shares soared after the victory of Republican candidate Donald Trump within the US elections whom CEO Elon Musk had personally endorsed(Reuters, AP)
Additionally Learn: Nvidia turns into world’s largest firm overtaking Apple, market cap crosses $3.43 trillion amid rise of AI
By how a lot did Tesla inventory rise?
The after-hours consolidated final commerce worth of Tesla inventory on the Nasdaq hit $258.69, which is a 6.53% or $15.85 rise.
The after-hours excessive was $265.49 as at 7:36 pm ET.
This comes after Tesla inventory closed on the New York Inventory Alternate at $251.44, which was a 3.54% or an $8.60 uptick in comparison with the earlier shut.
Additionally Learn: Swiggy IPO hits markets at the moment after elevating ₹5,085.02 crore through anchor buyers
Elon Musk and Donald Trump
Elon Musk’s help of Donald Trump began formally round late 2022 when Trump introduced his candidature within the upcoming elections. This nonetheless, got here after a relationship which different on so many ranges beginning off as Musk being politically impartial, to being essential of Trump, and to endorse him absolutely.
Musk had additionally reinstated Trump’s banned X account in the identical yr proper across the time he purchased the social media platform. For this, he made a ballot which came upon 51.8% of the respondents wished the ban to be eliminated.
He even donated $43.6 million to his pro-Trump spending group America PAC throughout simply the primary half of October, in line with federal disclosures.
Additionally Learn: Donald Trump’s Reality Social inventory surges after posting narrowing losses on election evening
Keep up to date with the…
See extra Information / Enterprise / Tesla shares rise after Elon Musk-backed Donald Trump wins US elections