Americans are winning election night with a popular action, as pollsters predict former President Donald Trump will secure a second term.
Shares of Elon Musk’s Tesla soared in after-hours trading on Tuesday, rising 7.5 points to a rise of more than three percent.
After-hours trading volume exceeded 4.65 million, according to Market Watch.
The rise in Tesla’s stock price comes as Musk sits next to Trump at his election night party at Mar-a-Lago.
Musk had spent a whopping $119 million on his pro-Trump political action committee, America PAC, during this election alone. He has even gone so far as to claim that he could announce the election result on day X with Trump “if the votes are clear enough for there to be a victory.”
Pollsters predict former President Donald Trump will win a second term
Shares of Elon Musk’s Tesla soared in after-hours trading, rising more than three percent and 7.5 points.
The Tesla CEO had announced his support for the former president earlier this year, following the July 13 assassination attempt in Pennsylvania.
He has claimed that his rocket company’s ability to colonize Mars largely depends on the Republican candidate’s return to office.
“I feel more optimistic about a Trump White House than a Trump-free White House,” the 54-year-old billionaire said, likely due to Trump’s big push into space during his first term, signing an order that aimed to return Americans. to the moon and be the first to reach Mars.
If Musk’s vision comes true, the first manned mission to the Red Planet would launch in 2027, and the first human boots would land on the Martian landscape two years later.
He has admitted that the schedule is ambitious, but suggested that electing Kamala Harris would not result in the deregulation necessary to clear the path to his goal.
SpaceX’s CEO argued that under President Joe Biden’s administration it has become “almost illegal” to launch space missions, even though SpaceX has launched more than 300 rockets since 2020, more than any other commercial spaceflight company.
“It takes more time to obtain a launch permit than to build a giant rocket,” he said.
Musk announced his support for the former president earlier this year and is sitting next to him at his election night party at Trump’s Mar-a-Lago estate.
Since publicly endorsing Trump, Musk has appeared at his rallies and posted incessantly in support of the former president on his X social media platform.
He claimed in a post on Monday that “men are voting in record numbers,” while predicting a “massive shift” in support for Trump.
Musk also shared posts from other Trump supporters and peppered their responses with American flag emojis.
He even shared a photo of himself wearing a leather jacket adorned with a voting sticker. ‘I just voted in Cameron County, Texas, home of Starbase!’ he added, referring to a facility for SpaceX.
In a controversial move, Musk also promised last month to donate $1 million a day until Election Day to people in swing states.
According to the America PAC website, 16 people, including four in Pennsylvania, have received $1 million awards. The winners were reportedly selected at random from those who signed a petition pledging support for free speech and the right to bear arms.
The offer was limited to voters registered in one of seven states likely to decide the outcome of the Nov. 5 election: Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin.
The Justice Department warned Musk and his US PAC last month that the giveaway could violate federal law, which prohibits paying people to register to vote.
In a controversial move, Musk pledged last month to donate $1 million a day until Election Day to people in swing states.
Meanwhile, the former president has taken all 30 Electoral College votes in his home state of Florida.
He also had victories in Kentucky, Indiana, West Virginia, Alabama, Oklahoma, South Carolina, Tennessee, Mississippi, Texas, Ohio, Louisiana, Wyoming, North Dakota, South Dakota, Nebraska, Montana, Utah and Arkansas, earning 210 votes electoral. votes starting at 11 pm EST.
Meanwhile, Vice President Kamala Harris won Vermont, Maryland, Connecticut, Massachusetts, Rhode Island, Delaware, Illinois, New Jersey, Colorado and New York, earning 113 electoral votes.
If results remain on track, Trump will have a much larger margin of victory against Harris this election cycle.