FILE - Tesla and SpaceX CEO Elon Musk listens as Republican presidential nominee former President Donald Trump speaks at a campaign event at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa. FILE - The logo of Tesla car is pictured at the Paris Auto Show, in Paris, Oct. 14, 2024. FILE - A Tesla Model 3 charges at a Tesla supercharging station in the parking lot of an outlet mall Sept. 25, 2024, in Lakewood, Colo.
Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.
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