Elon Musk’s backing of Donald Trump’s victory for a second presidency gives the billionaire extraordinary influence.
Trump has proposed tariffs of 10% to 20% on foreign goods that would also impact electric vehicle makers outside the U.S., especially in China.
Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House. Tesla stands to make significant ...