While we have just received the result of the American election, Elon Musk’s brand is already reaping the laurels. We explain why!
It’s now official, Donald Trump is the 47th president of the United States of America. He actually won the elections against the representative of the Democratic Party in this election, Kamala Harris. What interests us here is the reaction of the markets following this election. What we observe is that Tesla, the American electric car brand, saw its stock market share jump upon the announcement of the results. Indeed, according to Reutersstocks listed in the United States jumped 12% this Wednesday. As for the brand’s shares listed on the Frankfurt Stock Exchange in Germany, the latter grew by more than 14% this Wednesday.
What remains to be known now is what will happen to Tesla shares in the coming weeks? Is this increase only temporary or will this continue in the future? time? Only the future will tell us. However, we can currently say that Elon Musk is also a winner in this election!
Musk, a strong support for Trump
It’s no longer a secret to anyone, Elon Musk is one of Donald Trump’s main supporters. He campaigned alongside the Republican Party candidate in the final weeks before the election. Remember, it was following the assassination attempt against Donald Trump that the PDG de Tesla had officially given his support to the latter.
After appearances at some of the candidate’s rallies, he even participated financially in Trump’s campaign. If we could ask questions about the possible impact of this support on Tesla’s image, it would seem that given the results on the stock market, this is a winning bet for Muskat least, for now…
However, it could be that Elon Musk could play an even bigger role within the Trump administration. Indeed, on November 5, Donald Trump announced that he would create a commission for government efficiency headed by Elon Musk if he won the election. As is now the case, let’s wait and see what the CEO of Tesla and SpaceX could wear as a new hat. On X, the social network of which he is the owner, Elon Musk declared on October 31: “ I look forward to serving America if the opportunity arises…” “No salary, no title, no recognition is necessary. »
To be continued!
Source: www.autoplus.fr
