Tesla, bitcoin and dollar jump as investors pile into ‘Trump trades’

Quick Summary:

Among equities, Tesla, the electric vehicle maker run by Trump backer Elon Musk, was up 7 per cent in pre-market trading.

The company has surged past $1tn in market cap since election day, helping boost Musk’s personal net wealth by about $32bn.

The Mexican peso, which had performed poorly in the run-up to the election and was highly volatile on election day, was down 0.8 per cent to 20.34 to the dollar.

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Article Details

Author / Journalist: Rafe Uddin

Category: MarketsFinanceInvesting

Markets: United StatesChina

Topics: Dollar Record Market Financial Bitcoin Trump’s Election Control Last Cent Week

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 12:04:40 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 482 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23514343

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 11 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

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Publisher ID: #3

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