Tesla share price surged 5% in overnight market amid Musk openly supports Trump Presidency
$Tesla (TSLA.US)$ $BYD COMPANY (01211.HK)$ $NIO Inc (NIO.US)$ $XPeng (XPEV.US)$ The article reported that Tesla and SpaceX head Elon Musk has officially endorsed Donald Trump for President, after an assassination attempt was made on Trump at a rally over the weekend.
Wedbush Securities analyst Dan Ives recently shared a rather interesting prediction for Tesla. As per the analyst, a potential Trump presidency would actually be bullish for Tesla, even if it would be negative for everyone else in the electric vehicle sector.
My Take: The stock has risen more than 5% in the 24-hr or overnight market hitting 261 USD. This is the price 2 trading days ago before it fell 8% when Bloomberg reported Robotaxi postponed which Tesla has not confirmed its authenticity.
According to Wedbush analyst, the Biden administration has made it a point to ignore Tesla and focus on union-made EVs instead, so it would not be surprising if a potential Trump administration made it a point to openly support Musk and Tesla. Hence Elon Musk openly supports Trump may bring rally to Tesla stock.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Souxiesue : 261? lies
ZnWC OP Souxiesue : See screenshot and check 24-hr stock. Tesla stock hit higher to 262.
Souxiesue ZnWC OP : Yeah. I found something. Active Buys 13 - 261.94