FX.co ★ Trump and Musk stocks soar as election results ignite stock market rally

On November 6, the stock market erupted in celebration for supporters of Donald Trump and Elon Musk. Shares of companies associated with these two prominent figures soared like SpaceX rockets. According to trading data, shares of Trump Media & Technology jumped by an impressive 9.06%, reaching $37. Meanwhile, Tesla was not far behind, with its stock rising by 13.89% to settle at $286.36.

In light of the new political landscape, the US stock market rallied. All three major indices rose to record levels, as reported by Kommersant.

Meanwhile, Elon Musk pledged to improve government administration, of course, if he is offered a position in the new president’s team. Trump, for his part, lavished compliments on the SpaceX founder, calling him a "super genius" and "a special guy," while promising to protect his interests. In other words, it is all very American: bold, ambitious, and high-stakes.