Tesla founder Elon Musk has outspokenly supported a Trump win, joining the former president at his rallies and donating millions to a pro-Trump PAC he created.
The S&P 500 rose Wednesday, lifted by the strength of credit-card issuers, Tesla (TSLA) and the industrial and energy sectors in the first trading session after Election Day.
Peter Tuchman joins Nicole Petallides at the NYSE set as excitement swirls around the election results. He believes markets outweigh unknowns around Donald Trump's policies with the known election outcome.
After initially tiptoeing around an endorsement, Elon Musk eventually dove head first into backing Donald Trump's presidential election campaign.
Dan Ives, Wedbush Securities analyst, joins CNBC's 'Squawk on the Street' to discuss outlooks on Tesla following Donald Trump's election victory, what a Trump administration could mean for the electric vehicle landscape, and more.
The S&P 500 financial sector rose 5% when trading opened on Wednesday.
Shares of Tesla surged by 12% Wednesday morning, sending the company's stock toward a new record while adding $15 billion to Elon Musk's fortune after Donald Trump was reelected as president, and lavished praise on the world's wealthiest person.
Election Day proved eventful beyond politics, marking a standout performance for the Consumer Discretionary sector, which outpaced the S&P 500 and led gains across major market sectors.
Investors believe that the electric car company led by Elon Musk will benefit from his support of the president-elect.
Donald Trump is heading back to the White House, and Tesla could be one of the biggest winners. Tesla CEO Elon Musk played a pivotal role in Trump's 2024 campaign, making substantial financial contributions, actively campaigning for Trump, and leveraging his social media platform, X, to boost support.
Republican candidate Donald Trump claimed victory in the 2024 US presidential election after Fox News projected that he had defeated his Democratic rival Kamala Harris.
Tesla stock surged 12% in premarket trading following Trump's election victory. Elon Musk has been an outspoken supporter of Trump, spending months campaigning for him.