Author: Samuel Adeyeme

Samuel Adeyemi has authored numerous reports and articles on finance and investment, drawing from over seven years of experience in the field. Outside of his professional writing, he enjoys reading nonfiction essays, continually expanding his knowledge base.

The announcement of President Donald J. Trump, as the 47th president of the United States of America was welcomed by Tesla and its Chief Executive Elon Musk—for more reasons than one. Trump’s victory is expected to be a big win for Elon and Tesla investors, and the market reacted accordingly. While Tesla shares soared, rival EV makers saw declines. Rivian shares dropped by 9%, Lucid Group fell 3.1%, and Chinese EV maker NIO slid 6% on Wednesday. Meanwhile, Tesla stocks rose by over 30%, from just under $245 per share when the market opened on Monday to over $320 by…

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