Market Insights

Tesla Climbs 14% in Frankfurt Amid Optimism Over Trump's Chances

Amos Simanungkalit · 06 Nov 202432.8K Views

Image Credit : Glassdoor

Tesla's shares listed in Frankfurt surged by more than 14% at the open on Wednesday, as investors grew more optimistic about a potential victory for Republican Donald Trump in the U.S. presidential race, opposing Democratic Vice President Kamala Harris.

Elon Musk, Tesla's largest shareholder, has been a supporter of Trump's campaign.

Coinbase Global's shares also rose 16% in Frankfurt, following a significant overnight spike in bitcoin prices, which reached record highs above $75,000.

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