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Tesla (TSLA) shares are rising as Elon Musk’s all-in bet on Trump pays off
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Tesla (TSLA) shares are rising as Elon Musk’s all-in bet on Trump pays off

Tesla Inc. Shares rose in early trading as investors bet on the outdated automaker Elon Musk will be a major beneficiary of Republican candidate Donald Trump as he approaches his second election for the White House.

The Tesla CEO was perhaps Trump’s most prominent supporter this election cycle, backing Republicans with more than $130 million in spending. He was also a ruthless messenger who supported the Republican party and attacked Democrats on X, his social media network.