[TechWeb] News on November 7, U.S. stocks closed on Wednesday.
Tesla (NASDAQ:TSLA) shares rose 14.
75%, rising US$37.
09 to US$288.
53, reaching an intraday high of US$289.
59, a new high for the year.
At close on Wednesday, Tesla’s total market value was approximately US$926.
199 billion.
According to foreign media reports, the surge in Tesla’s share price may be related to the news of Trump’s victory.
Tesla CEO Musk is an important supporter of Trump.
He has attended relevant rallies many times and is considered a big winner.
Some business observers believe that with Musk having direct access to the White House, he may have the opportunity to clear regulatory obstacles for the autonomous car robotaxi and get Congress to approve national standards for autonomous vehicles.
Erik Gordon, a professor at the University of Michigan’s Ross School of Business, believes Musk may also have a say in selecting the heads of regulatory agencies that oversee his company, including the Securities and Exchange Commission (SEC) and the Federal Trade Commission (FTC).
According to media reports, Forbes statistics show that due to factors such as the surge in Tesla’s share price, Musk’s personal wealth surged by about US$21 billion on Wednesday, and his fortune exceeded US$280 billion, firmly ranking himself as the richest man in the world.
Amazon founder Bezos ranks second, with a personal wealth of more than US$220 billion.
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