Tesla Surges 14% in Frankfurt Amid US Election Impact
TL;DR Summary
Tesla shares jumped 12% in premarket trading after Donald Trump claimed victory in the 2024 U.S. presidential race, with CEO Elon Musk, a vocal Trump supporter, endorsing him throughout the campaign. Musk's potential role in a government efficiency commission under Trump could influence EV policies, boosting investor confidence in Tesla. The company's Frankfurt-listed shares also rose over 14%.
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