NEW YORK (AP) — For Elon Musk fans, it’s the half a trillion-dollar bet.
That is how much the stock market value of Tesla has rocketed since the presidential election, a vertiginous climb uninterrupted in recent days despite a disappointing financial report that would have sunk the stock of nearly any other company.
Investors are wagering that President Donald Trump will help Musk’s company more than hurt it with his plans to take an axe to reams of Washington regulations and wield tariffs to get his way with key trading partners.
Less regulation? Fantastic. Trade war? No biggie.
“It’s going to be a golden age for Tesla and Musk,” said Wedbush Securities financial
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