Since the American elections Teslacontinues its rise on the US stock markets. Investors who believe that the election of Donald Trump as President will benefit Elon Musk, one of his most important supporters, are seriously investing in Tesla shares. This shows that the value of Tesla shares has increased by more than 30 percent. Today, the company’s value exceeds $1 trillion.

According to experts, the reason for this rise in Tesla shares is largely the election campaign in which Elon Musk spent millions of dollars for the re-election of Donald Trump. In this process, Musk aims to give $1 million to a voter every day. more than x It had taken steps such as organizing campaigns and offering support through its own companies, SpaceX, The Boring Company and Neuralink.

Trump’s moves were a matter of curiosity

In fact, before the election process Donald Trump’s It was unknown whether Musk would support it due to his stance on electric vehicles and his skeptical approach to climate change. Yet Musk is Trump’s biggest supporter.

Then again, Tesla has done that before 1 trillion dollars reaches the value. In November 2021, the value of Tesla shares reached $407, but the following year they lost 70 percent of their value. It took the spring months of last year before the company’s shares started to recover.

Donald Trump’s mission 2In January 025 will start. Trump is expected to appoint Musk to his cabinet.