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Trump's election drives up Tesla's stock price, Musk's net worth soared by $20.9 billion overnight.
①On Wednesday, Trump defeated Harris to win the USA presidential election, prompting Tesla's stock price to soar; ②Tesla's stock price closed up 14.75% on Wednesday, reaching $288.53, hitting a new high since July 2023; ③This has led to Tesla CEO Musk's wealth surging by about $20.9 billion, with a total wealth of nearly $286 billion.
Tesla's domestic sales in October increased by over 40% year-on-year. Domestic suppliers are expected to continue benefiting.
① Overnight, Tesla's stock surged over 14%, hitting a new high since July 2023. According to media statistics, Tesla's domestic sales in October exceeded 0.04 million vehicles, a 41% year-on-year increase. ② Huaxi Securities pointed out in the research reports that in the medium term, Tesla's layout of new models + new factories + new technologies, rapid response from domestic suppliers, strong cost optimization capabilities, and industry chain related symbols are expected to continue to benefit.
With the arrival of the Trump 2.0 era, what big changes will the technology industry in the USA face?
①Without a doubt, Musk will be the biggest beneficiary; ②With the heads of the SEC and FTC being 'fired', the cryptos industry, technology giants such as Apple, are expected to see a bullish trend; ③Google will be an exception.
U.S. stock market close: Trump's trade sweeping the market, three major indexes hit historic highs together.
①Trump's election results exceeding expectations have boosted market sentiment, with all three major US stock indices hitting historic highs. Tesla surged by 14.75%, the six major US banks collectively hit new highs, most technology giants strengthened, and Bitcoin hit a record high. ②The photovoltaic and new energy sectors closely related to the concept of Harris' victory plummeted.
Market Prices in Trump Victory with Index Records | Wall Street Today
Deplay Cash And Reduce Hedges, Short Term Opportunities At Hand, Prepare For Long Term Opportunties
TerribleInvestor : Do take note of 30% tax on dividends for non us and non treaty countries like where we’re from ( SG MY). Perhaps, one can consider accumulating on VOO/SPLG before moving to an Irish-domiciled stock such as CSPX to save on taxes.