Tesla Share Price Jumps 12% As Elon Musk Seen Benefiting From Donald Trump Win

The after-hours consolidated last trade value of Tesla stock on the Nasdaq hit $258.69, which is a 6.53% or $15.85 rise.

The after-hours high was $265.49 as at 7:36 pm ET.

This comes after Tesla stock closed on the New York Stock Exchange at $251.44, which was a 3.54% or an $8.60 uptick compared to the previous close.

Elon Musk's support of Donald Trump started officially around late 2022 when Trump announced his candidature in the upcoming elections. This however, came after a relationship which varied on so many levels starting off as Musk being politically neutral, to being critical of Trump, and to endorse him fully.