The boost came as Tesla’s shares climbed 14.75% to $288.53 during after-hours trading, with Trump’s pro-business policies seen as a favorable backdrop for Tesla and Musk’s ventures.

Donald Trump backer and Tesla CEO Elon Musk is $20 billion better off following favorable election results in the United States.

Shares in Elon Musk’s electric car maker, Tesla, jumped 15 per cent to a record high after the Republican won the presidential election. The increase bumped up Musk’s wealth by about $30 billion, a ...

Key figures, such as Tesla CEO Elon Musk, could see increased influence under a Trump administration, especially with Musk’s vocal support for the former president. Elon Musk’s Growing Influence in ...