Tesla Stocks Reach Record High After Trump's Victory.

Tesla's shares rose by 12%, and Elon Musk's wealth increased by 15 billion dollars after Donald Trump became the winner of the US presidential election.

According to Forbes, Tesla's shares rose to over 280 dollars. This could be a new record for the company's shares, surpassing the previous high of 273.54 dollars set on October 27, writes Ukrinform.

Musk is the richest person in the world with a fortune of 280.3 billion dollars and owns about 13% of Tesla shares, so with the latest Forbes estimates, his wealth increased by 15 billion dollars following the stock rise.

Musk was one of Trump's most well-known supporters during his election campaign. The Tesla CEO invested at least 118 million dollars in America PAC to help support Trump, making Musk the second-largest sponsor of Trump after Timothy Mellon.

During his victory speech on Wednesday morning, Trump praised Tesla's CEO as a "super-genius" and "new star," after Musk spent several weeks campaigning for Trump across Pennsylvania before election day.

In September, Trump said he would create a "government efficiency commission," initially proposed by Musk, stating that he would lead this department. During the election process, Musk appeared alongside Trump at numerous rallies and supported his campaign on social media. Trump stated that he is a "big fan" of electric cars.