SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania.
Shares of Tesla surged overnight as investors bet a potential Donald Trump election victory would benefit major backer and CEO of the carmaker, Elon Musk.
Tesla shares jumped 8% in overnight trading on Robinhood brokerage platform.
Trump has promised to appoint Musk as the head of a government efficiency commission, if elected.
"Your money is being wasted, and the department of government efficiency is gonna fix that," he said at the rally.
Persons:
Elon Musk, Donald Trump, Musk, Trump
Organizations:
SpaceX, Tesla, Ridley High School, America PAC, Republican
Locations:
Folsom , Pennsylvania, Trump's