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The Independent UK
The Independent UK
National
Via AP news wire

Tesla shares soar 14% as Trump win sets stage for Elon Musk's electric vehicle company

Tesla Musk - (Copyright 2024 The Associated Press. All rights reserved.)

Shares of Tesla soared Wednesday following an election that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race.

Tesla stands to make significant gains under a Trump administration due to its size, with the expectation that subsidies for alternative energy and electric vehicles will be threatened.

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