The Tesla-Trump Stock Bump

Alexangel Ventura
Nov 18, 2024
1 min read

Tesla stock is surging, as the next Trump administration unfolds.

Tesla's CEO, Elon Musk, has been guaranteed a role in the 2nd Trump presidency. He along with Vivek Ramaswamy have founded the Department of Government Efficiency (DOGE) which has aimed at cutting the size of the government by reducing federal expenditures. Investors are anticipating DOGE's success and have subsequently poured capital into Tesla.

Additionally, the Trump team has made it clear that they support federal support for self-driving vehicles, with Tesla at its forefront. Thus the stock surged.

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The Tesla-Trump Stock Bump

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