Tesla shares soar during after-hours trading as a Trump victory appears increasingly likely

Fortune11-06

As one of Republican nominee Donald Trump’s biggest supporters, all eyes have been on Tesla CEO Elon Musk—and it shows. Tesla shares surged more than 8%—reaching a 52-week high—in overnight trading on...

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Tesla shares surged more than 8%—reaching a 52-week high—in overnight trading on...</p>\n\n<a href=\"https://finance.yahoo.com/news/tesla-shares-soar-during-hours-055700669.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0964807845.USD","symbol_name":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","start_time":0,"source_url":"https://finance.yahoo.com/news/tesla-shares-soar-during-hours-055700669.html","article_id":"2481626616","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/hy9VGg5fenj3bGV5IETvuQ--~B/aD0xMzY1O3c9MjA0ODthcHBpZD15dGFjaHlvbg--/https://media.zenfs.com/en/fortune_175/c7110e95433165e4b935f9ae01b70a07"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481626616","pubTimestamp":1730872620,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"As one of Republican nominee Donald Trump’s biggest supporters, all eyes have been on Tesla CEO Elon Musk—and it shows. 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But several swing states have yet to be called.“Your money is being wasted, and the department of","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4527":"明星科技股","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","BK4588":"碎股","BK4550":"红杉资本持仓","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU2063271972.USD":"富兰克林创新领域基金","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0823414478.USD":"法巴经典能源转换基金","BK4574":"无人驾驶","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","TSLA":"特斯拉","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4099":"汽车制造商","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4511":"特斯拉概念","LU1548497426.USD":"安联环球人工智能AT Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4534":"瑞士信贷持仓","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2"},"translate_title":"随着特朗普获胜的可能性越来越大，特斯拉股价在盘后交易中飙升","themeId":"490d6f6c5fcb80d05aa3cf65544edd69","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLL":1,"TSLA":1},"content_text":"As one of Republican nominee Donald Trump’s biggest supporters, all eyes have been on Tesla CEO Elon Musk—and it shows. Tesla shares surged more than 8%—reaching a 52-week high—in overnight trading on brokerage platform Robinhood. \nAs of around midnight EST, Tesla was trading at about $272 per share, according to Robinhood. \nIn late trading on the Nasdaq, shares were up 2.9% at $258.70.\nWhile Trump has expressed hostility toward transitioning to green energy and electric cars, Musk’s high-profile role could help Tesla.\nIn recent weeks, Musk has emerged as a massive Trump backer, having donated at least $132 million to the Trump campaign as of Oct. 26, so it may not be that surprising to see Tesla performing well considering Trump’s growing path to victory. \nSlightly after midnight on Wednesday, Trump had 230 electoral college votes, with Vice President Kamala Harris trailing behind with 210 votes. But several swing states have yet to be called.  \nTesla bulls, including Cathie Wood, CEO of investment management firm Ark Invest, said to expect major market changes related to the election.\n“We do expect the election to be some kind of trigger event,” she said in a video posted on X Monday. “There could be a great deal of volatility no matter who wins. But innovation gains traction during tumultuous times. People, businesses, consumers are willing to change the way they do things, move away from inertia, and really change their habits.”\n\nInnovation often thrives during uncertain times. Just like during COVID, tumultuous periods push people and businesses to adapt. Will the election be the next catalyst for change? @CathieDWood discusses the US election and more in the latest In The Know.— ARK Invest (@ARKInvest) \n November 4, 2024\n\nMeanwhile, bitcoin is at a record high, and U.S. stock futures rallied late Tuesday night. Trump Media stock also jumped late after trading was halted three times during the regular session on Election Day because the share price changed too quickly. \nMusk’s backing of Trump has firmed up in the past month in particular. He formed super political action committee America PAC, which infamously ran a $1-million-a-day giveaway in which voters in swing states could be eligible to win the cash prize up until Election Day if they signed a petition in support of the Constitution’s First and Second Amendments. \nPhiladelphia’s district attorney’s office attempted to squash the scheme by suing Musk, alleging the sweepstakes violated consumer protection laws and was designed to interfere with the election. But on Monday, a Philadelphia judge allowed the giveaway to proceed.\nTrump has also promised Musk an appointment as the head of a government efficiency commission if elected. During a speech at a Trump rally in late October, Musk claimed he could cut $2 trillion from the federal budget in that role. \n“Your money is being wasted, and the department of government efficiency is going to fix that,” he said. “We’re going to get the government off your back and out of your pocketbook.”\nThis story was originally featured on Fortune.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481626616"}