Tesla ( TSLA ) shares float as Elon Musk’s all-in bet on Trump seen reaping rewards

Tesla Inc. shares rose in early trading as investors bet on the carmaker driven by Elon Musk will be a major boon for Republican candidate Donald Trump, who is approaching a second run for the White House.

The Tesla CEO was arguably the most prominent supporter of Trump this election cycle, supporting the Republican with more than $130 million in spending. He was also a relentless messenger, supporting the GOP and attacking Democrats on X, his social media network.