Elon Musk Is Going to Washington. Why Tesla Stock Is Soaring.
Tesla stock soared Wednesday with Republican nominee Donald Trump winning the U.S. presidential election. It also means more work for already-incredibly busy Tesla SpaceX, X, and xAI CEO Elon Musk. Tesla stock jumped 14.3% to $287.31 in premarket trading Wednesday, making it the biggest premarket winner of all the stocks in the Futures for the benchmark index were up 2.3%.