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Tesla Soars as Musk’s All-In Bet on Trump Seen Reaping Rewards

Tesla Inc. shares climbed in early trading as investors wager the carmaker run by Elon Musk will be a major beneficiary of Republican nominee Donald Trump nearing a second election to the White House.The Tesla chief executive officer was arguably the most prominent supporter of Trump this election cycle, backing Republicans with more than $130 million in spending. He also was a relentless messenger supporting the GOP and attacking Democrats on X, his social media network.“The biggest positive fr

Tesla Soars as Musk’s All-In Bet on Trump Seen Reaping Rewards

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He also was a relentless messenger supporting the GOP and attacking Democrats on X, his social media network.“The biggest positive fr","content":"<html><head></head><body><p>Tesla Inc. shares climbed in early trading as investors wager the carmaker run by Elon Musk will be a major beneficiary of Republican nominee Donald Trump nearing a second election to the White House.</p><p style=\"text-align: start;\">The Tesla chief executive officer was arguably the most prominent supporter of Trump this election cycle, backing Republicans with more than $130 million in spending. He also was a relentless messenger supporting the GOP and attacking Democrats on X, his social media network.</p><p style=\"text-align: start;\">“The biggest positive from a Trump win would be for Tesla and Musk,” Daniel Ives, a Wedbush Securities analyst, wrote in a report on what a likely victory for the Republican would mean for technology companies. Tesla would be at a competitive advantage over other manufacturers in the event the US reduces tax incentives for electric vehicles, he said.</p><p style=\"text-align: start;\">Tesla shares rose as much as 13% shortly after 4 a.m. New York time on Wednesday. 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