Elon Musk and Donald Trump
Richard Bord/WireImage; Scott Olson/Getty Images; Chelsea Jia Feng/BI
- Tesla stock soared 13% on Wednesday to trade at its highest level in over two years.
- The surge comes as the market sees Elon Musk and his companies benefiting from a second Trump term.
- Musk was a vocal backer of Trump during the campaign.
Tesla investors are cheering the victory of Donald Trump over Kamala Harris on Wednesday, as Elon Musk and his companies could stand to benefit from a second Trump term.