Tesla pops 14% in Frankfurt as early US vote results lift 'Trump trades'
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Tesla's Frankfurt-listed shares surged over 14% as investors anticipated a win for Donald Trump in the U.S. presidential race, impacting 'Trump trades'.
November 06, 2024 | 7:45 am
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Tesla's shares in Frankfurt surged over 14% due to investor expectations of a Trump victory in the U.S. presidential race, which is seen as favorable for 'Trump trades'.
The significant rise in Tesla's Frankfurt-listed shares indicates strong investor sentiment tied to the potential political outcome. A Trump victory is perceived to benefit certain sectors, including those Tesla is involved in, thus boosting its stock price.
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