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The election results are in! Elon Musk may be the biggest winner! His high-stakes gamble has finally paid off with huge returns!

2024-11-06

On November 6th, Trump declared victory in the election, and "Trump trades" led to a surge in U.S. stock market pre-trading. 

Trump Media & Technology Group saw its stock price soar over 58%, Phunware jumped over 44%, and Tesla's stock price rose over 12%.

 Cryptocurrency-related stocks also strengthened, with Riot Platforms' stock price increasing over 13%, Microstrategy's over 12%, and Coinbase's over 11%.


Elon Musk has made another correct bet!


In this political chess game, tech giant Elon Musk seems to be on the winning side.


With Trump's return to the political stage, Musk and his business empire are expected to reap substantial rewards. 

Musk's involvement in this election is so deep that few can match it. He not only publicly supported Trump but also generously 

donated over $118 million through a political action committee. On election night, he even spent time with Trump.


For Musk, the potential benefits are broad and far-reaching, potentially touching labor laws, environmental policies, tax cuts, 

and securing more government contracts for his aerospace company, SpaceX. Musk may leverage his close relationship with Trump to strengthen 

cooperation between the company and the government and could pose a challenge to aerospace competitors

 like Boeing (he has expressed dissatisfaction with the government contracts Boeing and other defense giants have received).