The market value of Elon Musk’s Tesla exceeded $1 trillion for the first time since April 2022. This happened after the victory of US Republican Party politician Donald Trump in the presidential election, US Forbes magazine reported citing trade data.

Tesla’s market cap surpassed $1 trillion for the first time since 2022
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It appears that at the trading high on November 8, the electric vehicle manufacturer’s shares rose 8.32% to $321.63 per share from the previous closing price. At the time of this publication (21:21 Moscow time), Tesla shares were trading at $321 on the Nasdaq, an increase of 8.11%.

According to CNBC, shares of Musk’s company have risen about 27% this week following Trump’s victory in the US presidential election. Additionally, the billionaire’s fortune rose to more than $300 billion for the first time in more than two years, Forbes noted.

Elon Musk is one of the main companions and sponsors of the Republican politician in his current presidential campaign. So, according to Fortune in At the end of October, the businessman donated at least $132 to the politician. Millions of dollars The billionaire could also become a commercial intermediary between the United States and China, according to experts interviewed by Bloomberg.

On November 5, elections were held for the American president and members of Congress. It was learned that Trump received the 270 electoral votes necessary for victory. November. The results of the electoral vote will be officially announced in beginning of January and The inauguration of the new president will take place on the 20th. numbers of that the same month.

Author:

Bogdan Muzychenko

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.

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