The price increase of the Tesla-Share after the election victory of Donald Trump (78) has raised the electric car manufacturer’s market value above the one trillion dollar (0.93 billion euro) mark for the first time since 2022. The paper rose by more than 8 percent to $321.22 on Friday alone. It has increased by more than a quarter since election day on Tuesday. Tesla CEO’s estimated net worth Elon Musk (53), as the richest person in the world, exceeded the $300 billion mark, according to calculations by Forbes magazine. It consists mainly of Tesla shares.
Musk is one of Trump’s loudest supporters. It is expected that in the new US administration he could be tasked with reducing government spending and firing public servants in droves in the process. In the future, Musk could essentially be “responsible for supervising himself – potentially giving him the power to do anything he wants,” warns tech analyst Rob Enderle.
“Tesla should benefit from Trump’s election victory and especially a possible ‘Republican sweep’,” says stock expert Frederik Altmann from Alpha Securities Trading. In such a scenario, the Republicans not only elect the president, but also win the majority in the Senate and the House of Representatives.
“Tesla is likely to be one of the future winners indirectly through the political influence of its founder and boss Elon Musk,” says stock expert Andreas Lipkow. He expects that the topic of robotaxis could now gain momentum in the USA.
Tesla – like other electric car providers – is currently struggling. with a slowdown in demand. A Donald Trump administration that wants to produce more oil and natural gas would bring even more headwind to the industry. However, given the bond between Trump and Musk, Tesla should be an exception.