Shares of Elon Musk’s Tesla surged following President-elect Donald Trump’s victory in the 2024 election, with some of the corporations registering abnormally big wins.
Tesla stock rose by 14.75 percent on Wednesday, becoming one of the top 10 gainers of the day in the S&P 500 index. Musk has been a strong Trump backer, throwing his support behind the Republican candidate days after the first failed assassination attempt against the 45th president in Butler, Pennsylvania. Between July and September, Musk donated almost $75 million to support Trump’s bid for the White House.
Shares of Trump Media & Technology Group Corp, which owns the Truth Social platform, went up by nearly 6 percent. The soon-to-be 47th president has a significant stake in the company. The stock is up by more than 106 percent so far this year. Trump’s net worth is now around $6.2 billion, according to data from Forbes….