Trump Win Puts Focus Back On Tesla Shares: Here's How You Can Buy

Even before Donald Trump staked claim to a second stint in the Oval Office, Elon Musk's Tesla Inc. shares jumped as much as 13% in aftermarket trade on Tuesday.

Musk has been a strong supporter of Trump and part of the inner circle of the Republican candidate's electoral campaign. Then former has even offered the Tesla CEO a position in his cabinet, should he come back to power.

The Tesla stock has run up 36% in the last six months. The counter zoomed late last month to their biggest gain in a decade after four quarter of disappointing earnings and sluggish demand

Tesla stock price closed at $251.44 on Tuesday and is trading around $289.17, a jump of 15% over the previous day’s close.

Tesla stock has underperformed the broader market this year, with shares increasing by 1.19% compared to the S&P 500’s 21.24% year-to-date gains.

According to AP, Donald Trump has been elected the 47th president of the United States with the former President Donald Trump getting 277 electoral votes and Harris 224 electoral votes

Elon Musk donated nearly $75 million to America PAC, a super political action committee established to support the Republican nominee last month