Donald Trump's victory in the 2024 presidential election sent shares of Tesla surging as much as 15% Wednesday, propelled by CEO Elon Musk's prominent role in the Republican's White House campaign and expectations that the company will benefit from proposed tax cuts and a deregulatory blitz.
Trump name-checked Musk, the world's richest man, during his victory speech Wednesday morning, calling him a "super genius." Campaign finance records show that Musk—who's expected to receive a position in the president-elect's administration...