top of page
< Back

November 7, 2024

Elon Musk’s Support for Trump Boosts Tesla Stock — What It Means for Investors

Musk has long been a supporter of Trump, both financially and rhetorically, and this alignment is paying off for Tesla investors. As the CEO of Tesla, SpaceX, and X (formerly Twitter), Musk’s political connections have the potential to significantly impact Tesla’s stock, for better or worse.

Elon Musk, CEO of Tesla (TSLA), is reaping the rewards of his support for President-elect Donald Trump, with Tesla stock surging nearly 15% following Trump’s election win. Musk has long been a supporter of Trump, both financially and rhetorically, and this alignment is paying off for Tesla investors. As the CEO of Tesla, SpaceX, and X (formerly Twitter), Musk’s political connections have the potential to significantly impact Tesla’s stock, for better or worse.


Trump, who has previously criticized the electric vehicle (EV) industry, calling it a “hoax” and warning that it could destroy US car manufacturing jobs, has also vowed to reverse Biden’s EV policies if he returns to power. While Musk’s backing of Trump may provide immediate benefits for Tesla’s stock price, it raises questions about the long-term implications for the company, especially in light of Trump’s stance on the EV sector. Investors must consider whether Musk’s political affiliations will continue to influence Tesla’s growth and stock performance in the future.

Elon Musk’s Support for Trump Boosts Tesla Stock — What It Means for Investors

Download our mobile app and start investing today.

© 2025

 · Ndovu · All Rights Reserved.

Download Ndovu app from Google play or play story
Download Ndovu app from the app store

​

 

 

Past performance is not reflective of future performance, and the price of units and the income may go down as well as up. In certain specified circumstances the right to redeem units may be suspended. The Capital Markets Authority does not take responsibility for the financial soundness of the scheme or for the correctness of any statements made or opinions expressed in this regard.

​

Ndovu is a regulated digital platform operated by Ndovu Wealth Limited (“Ndovu”). Ndovu is licensed by the Capital Markets Authority (Kenya) as a Fund Manager and is also regulated by the Institute of Certified Investment & Financial Analysts (ICIFA), the Communications Authority and the Nairobi Securities Exchange. Ndovu is a registered trademark of Ndovu Wealth Limited. Ndovu Wealth Limited, a CMA-licensed Investment Adviser, provides advisory services. US-traded securities are provided to Ndovu users by Interactive Brokers LLC. Interactive Brokers is a member of FINRA/SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at www.sipc.org.

​

​Investment involves risk. The value of investments and their income can go up or down and you may not get back the amount originally invested. There is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Ndovu Wealth Limited's charges and expenses. Ndovu Wealth Limited’s internet-based advisory services are designed to assist clients in achieving discrete financial goals. They are not intended to provide comprehensive tax advice or financial planning for every aspect of a client’s financial situation and do not incorporate specific investments that clients hold elsewhere. Past performance does not guarantee future results, and the likelihood of investment outcomes is hypothetical in nature. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Ndovu Wealth Limited is not registered.

​

By using this website, you accept our (Terms of Use) and (Privacy Policy) and (Data Protection Policy).​​​​​

© 2025 · Ndovu · All Rights Reserved.

  • LinkedIn
  • Instagram
  • Facebook
  • Twitter
  • YouTube
bottom of page