**Tesla Shares Surge as Trump Secures Presidency**

Tesla shares experienced a significant boost in Wednesday's pre-market trading following the news of Donald Trump's victory in the U.S. presidential election. The electric vehicle giant's stock climbed over 12%, reflecting investor optimism about the company's future under Trump's administration.

Tesla CEO Elon Musk had previously hinted at the importance of the election for his company, humorously remarking that he would be in "glorious trouble" if Trump did not win. With the Associated Press confirming Trump's 277 electoral votes, making him the 47th President of the United States, Musk's gamble on a Trump victory has seemingly paid off.

Despite Trump's generally skeptical stance on electric vehicles and climate change, he has shown consistent support for Musk's ventures, particularly SpaceX. This was evident in his victory speech in West Palm Beach, Florida, where Trump highlighted Musk's achievements, declaring, "A star is born."

Under the previous Biden-Harris administration, Tesla faced challenges, including being excluded from key events such as the White House's EV summit, where President Biden praised General Motors CEO Mary Barra for leading the electric vehicle revolution. This new political landscape could pave the way for more favorable conditions for Tesla and its initiatives.

Notably, Wedbush analyst Dan Ives suggested that Trump's win could accelerate Tesla's autonomous driving and Full Self-Driving (FSD) programs. Ives indicated that Trump's policies might fast-track some of Tesla's 2026/2027 goals, bringing them to the forefront for investors.

At the time of writing, Tesla shares were trading up 12.33%, reaching $282.43 per share, signaling strong market confidence in the company's trajectory under the new administration.