Tesla shares surge as Trump wins second term
Shares of Trump Media, Tesla, and domestically focused small-cap companies soared on Wednesday as Donald Trump secured a second term as U.S. president, raising hopes for increased domestic growth.
Marking a striking comeback after four years, Trump’s win in the crucial swing state of Wisconsin gave him the final votes needed to claim the White House.
Tesla’s stock spiked 15%, driven by CEO Elon Musk’s support for Trump throughout the campaign. Trump has pledged to appoint Musk to lead a government efficiency commission.
Donald Trump wins US Election 2024, Elected as 47th President of US
Republican candidate and former President Donald Trump again won the race of the presidential election 2024.
Trump achieved 277 votes, whereas only 270 votes were required to win the presidency. Meanwhile, Kamala Harris secured 226 votes.
According to reports from major media outlets like Fox News, CNN, and the Associated Press, results showed Trump leading from the majority of the states, including Florida, Ohio, Texas, Kentucky, North Dakota, South Dakota, Pennsylvania, Oklahoma, South Carolina, West Virginia, and Indiana.
On the other hand, Vice President Harris won states traditionally held by Democrats, including Vermont, New York, New Jersey, California, Massachusetts, Mland, and Illinois.
To win the presidency, it was essential to secure 270 out of 538 electoral votes, with 93 of those votes from seven key swing states: Arizona, rgia, Michigan, Nevada, North Carolina, Pennsylvania, and Wisconsin.
A significant turnout during the early voting period contributed to the high numbers on election day. Republicans, motivated by Trump and the Republican National Committee’s campaign, cast early ballots at a high rate, closing the gap on Democrats, who traditionally benefit from early voting. Over half of the total 2020 election vote count was reached even before Tuesday’s official election day.
Early voting encountered few issues despite weather disruptions in some states. In North Carolina, for example, Hurricane Helene caused widespread power outages and road blockages, but election officials worked diligently to ensure residents could cast their votes.
Similarly, in Florida, another hurricane posed challenges but did not prevent polling stations from operating smoothly. In the Northwest, however, arson incidents affected ballot drop boxes near the Oregon-Washington border, and authorities are still searching for the suspects responsible.
