Tesla shares jumped 15% on Wednesday following Donald Trump’s election win, boosting CEO Elon Musk’s net worth by an estimated $15 billion. Musk spent over $130 million supporting Trump’s campaign, promoting him heavily on social media and funding voter registration efforts in swing states. Tesla faces challenges in global markets, particularly in China and Europe, where political stances impact consumer sentiment. Wall Street analysts see potential advantages for Tesla under Trump’s regulatory plans, which may ease current legal probes targeting Musk’s companies.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla shares jumped 15% on Wednesday following Donald Trump's election win,
00:06boosting CEO Elon Musk's net worth by an estimated $15 billion.
00:11Musk spent over $130 million supporting Trump's campaign,
00:14promoting him heavily on social media and funding voter registration efforts in swing states.
00:19Tesla faces challenges in global markets, though, particularly in China and Europe,
00:23where political stances impact consumer sentiment.
00:26Wall Street analysts see potential advantages for Tesla under Trump's regulatory plans,
00:31which may or ease current legal probes targeting Musk's companies.