Trump Media Stock Rallies After Elon Musk's Surprise Appearance At Pennsylvania Rally

Benzinga
Benzinga
  • 11 hours ago
Trump Media surged another 18% on Tuesday, marking its longest rally since June, after a 10% jump on Monday. The gains come as investors react to Elon Musk’s unexpected appearance at Donald Trump’s Pennsylvania rally, where Musk endorsed Trump’s 2024 bid, stating that this will be the last election if Trump doesn’t win. DJT stock has been volatile since its public debut in March, with shares fluctuating amid the election cycle and legal challenges. Trump, who owns a 60% stake in the company, has expressed no intention of selling. The company faces financial struggles, second-quarter losses, and falling revenue alongside recent leadership changes.

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