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Tesla Stock Jumps 6% As Elon Musk Says He “Fully” Endorses Trump After Trump Attack

Tiger Newspress07-15

Elon Musk posted on X that he "fully" endorses Donald Trump moments after the former president and presumptive Republican nominee was rushed off stage by secret service members following gunshots at a rally in Pennsylvania on Saturday.

"I fully endorse President Trump and hope for his rapid recovery," Musk wrote on X, which he owns.

Tesla shares jumped 6% in morning trading Monday. investors also prepared for the electric vehicle maker's Q2 earnings report and waited for word if the August 8 robotaxi event is being postponed.

Trump was taken to a local medical facility, where he is receiving care. His spokesman said the former president "will be fine." Trump had what appeared to be blood on the side of his head and his ear.

In a separate post, Musk, the CEO of Tesla and defense contractor SpaceX, shared a photo showing Trump pumping his fist into the air with the American flag behind him and with secret service members scrambling to protect him. Musk also compared Trump to Theodore Roosevelt, who survived an assassination attempt while campaigning for president in 1912.

One spectator from the rally is dead, and a second is in serious condition, according to the district attorney in Butler County, where the rally took place. The shooter is dead, NBC News confirms.

While Musk hadn't directly endorsed Trump prior to Saturday's event, he had made clear that he was opposing President Joe Biden's return to the White House. He claimed in a post in March that he was not going to donate money to either candidate for president.

Musk met with Trump earlier this year at his Mar-a-Lago club in Palm Beach and said at Tesla's 2024 annual shareholder meeting that he has "had some conversations" with Trump. Musk also said at that event that Trump "does call me out of the blue for no reason."

On Friday, Bloomberg reported that Musk has donated a "sizable" but undisclosed amount to a pro-Trump super PAC called America PAC.

Musk is the wealthiest person in the world, with an estimated net worth of about $250 billion, according to Forbes.

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Comment2

  • NatMeg
    ·07-15
    Are u sure?
    Reply
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  • The Knight
    ·07-15
    If Trump wins, Tesla will benefit from some of the key initiatives for EV to go in a big way. We will       wait for the stock to climb beyond $300 soon.       Once Tesla announces the key figures in Q3, we       can probably see the significant jump for Europe      figures since the tax is imposed into China EV       maker only. The Robo taxis roll out will be the right timing by Q3 to provide the big booster later. Sit      tight and enjoy the rally to $300 and beyond. Elon must make the short sellers feel the Pain and lose their last piece of underwear haha :) We are the       Tesla manias.
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    • Dilhara
      Yes that’s true
      07-15
      Reply
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