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Tesla shares soar 13% as Trump win sets stage for Elon Musk's electric vehicle company

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Business,Politics,Donald Trump

Shares of Tesla soaring after an election that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race.

Man, 4-year-old boy dead following distress call at Lake Corpus Christi State ParkRead full article: Nearly 800,000 votes cast on Election Day in Bexar County, officials say

A Trump 2024-decorated Tesla Cybertruck sits parked adjacent to Trump Tower, on New York's Fifth Avenue, Tuesday, Nov. 5, 2024. 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.

Shares of rival EV maker Rivian plunged 9% and Lucid Group fell 3.1%. NIO, a Chinese EV maker, slid 6%.and other GOP causes. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

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