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Tesla shares soar 13% as Trump win sets stage for Elon Musk's electric vehicle company

  • Tesla shares increased by 13% following the election of Donald Trump, who had support from CEO Elon Musk during the campaign.
  • Tesla holds a dominant 48.9% market share in U.S. Electric vehicle sales as of 2024, according to the Energy Information Administration.
  • Trump’s proposed tariffs could harm foreign electric vehicle makers, giving Tesla and Musk an advantage in the U.S. Market.
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