Tesla Stock Jumps 14.5% in Pre-Market Trading as Investors React to Trump’s Victory
Washington, DC: As the world watched in anticipation, the news broke that Donald Trump had reclaimed the White House. But long before the results were official, one of the former president’s biggest supporters was already making his presence felt in the hallowed Oval Office – Elon Musk, the billionaire behind the Tesla empire.
Musk, who had poured over $100 million into Trump’s campaign efforts through his Super PAC, wasted no time in celebrating the victory. Even as the dust was still settling, the tech maverick took to his favored platform, X (formerly Twitter), to post a now-iconic image – a superimposed picture of himself, holding a sink, inside the seat of American power.
“Let that sink in,” Musk quipped, in a move that was equal parts amateurish and calculated. Because while the gesture may have seemed playful on the surface, Musk’s influence and involvement in Trump’s return to the presidency was anything but trivial.
Trump himself acknowledged Musk’s support during his victory speech, noting that the Tesla CEO was one of the “geniuses” that his administration would seek to protect. And with good reason – Musk’s backing, both financial and ideological, had been instrumental in propelling Trump back to the White House.
The immediate rewards were palpable. As the markets reacted to the news, Tesla’s stock surged by a staggering 14.5% in early trading, adding a cool $15 billion to Musk’s already substantial wealth. With his 13% stake in the electric carmaker, the tech billionaire’s personal net worth had effectively grown by the same amount, further cementing his status as the world’s richest person.
Analysts believe that Musk’s alignment with Trump could yield even greater dividends down the line. The former president has already pledged to form a government efficiency commission, with Musk himself slated to lead the charge. And with Trump’s well-documented antipathy towards electric vehicles made in China, the Tesla chief may find himself in an enviable position, poised to capitalize on any protectionist policies that the new administration might implement.
Musk’s power play, it seems, has paid off handsomely. By aligning himself with the once-and-future leader of the free world, the Tesla titan has not only solidified his own wealth and influence but also positioned himself as a key player in the shaping of America’s technological and economic future. As the world watches with bated breath, one thing is clear – Elon Musk’s reign as the king of the corporate world is far from over.
