Trump Calls Musk a “Super Genius” in Victory Speech… Tesla Stock Immediately Jumps 13%

When Elon Musk hopped on X in July to give Donald Trump a big endorsement (right after the assassination attempt in Butler, PA, no less) critics nearly imploded. 

(Source: Elon Musk X)

The Tesla and SpaceX CEO cozying up to such a lightning-rod figure? Oh, the horror. But while everyone was busy getting offended, it turns out Musk was playing chess while the rest of us were just fumbling through Chutes and Ladders. The payoff? Tesla’s stock rocketed up 14% in early trading, because apparently, betting on Trump is the latest in “smart investing” (just as sane as the time Musk bought a social network).

And Musk didn’t stop at a simple endorsement. Musk threw over $130 million into GOP causes this election, proving once again that he’s all in when it comes to political roulette. And, let’s be real, it wasn’t just money. He used his social platform, X, to dish out GOP praise and take down Democrats with the kind of attitude you’d expect from the richest man in the world.

On election night, Trump walked on stage and crowned himself the winner, pausing to shower Musk with a glowing endorsement. It had all the subtlety of a high school yearbook superlative: “Most Likely to Be a Super Genius.” Trump even raved about Musk’s rocket-catching skills and Starlink’s hurricane rescue efforts. And investors ate it up like a Shake Shack burger. When Trump labels you a genius, especially after you’ve bankrolled his campaign, it’s like getting extra credit in class for “helping out the teacher.”

And what does Musk get for throwing down his chips on Team Trump? A job offer, naturally—Head of Trump’s “government efficiency commission.” Yes, you read that right. Musk, who’s still trying to make Twitter (or X, if we’re being official) profitable, is now slated to advise on cutting $2 trillion off the federal budget. But hey, if one impossible budget wasn’t enough, why not take on another?

As far as EVs go, Trump isn’t exactly BFFs with clean energy. In fact, his potential second term spells trouble for electric vehicle tax incentives (the very thing that keeps EVs somewhat affordable for the middle class). But somehow, Musk, our billionaire wildcard, is in a position to thrive if Trump cuts back these incentives. According to Wedbush’s Dan Ives, Tesla is like the last diner open in town after a power outage—everyone else is scrambling to stay lit, but Musk has the only generator around. Without subsidies, he’s got the prime spot to himself, while smaller EV players like Rivian and Nio are left walking around in the dark. Ives summed it up: Tesla could come out on top as the industry leader, especially if Trump throws in a few extra tariffs on Chinese EVs. 

Musk has gone from Mars-bound visionary to Trump’s biggest fan, rolling out big promises of cutting back government spending and “getting government off your back and out of your bank account” (even though Tesla still cashes in on plenty of federal contracts). The takeaway here? Elon’s living his best life in a world where nothing makes sense, and his investments are paying off big in Trump’s America. It’s almost poetic, if your idea of poetry includes billionaires, space rockets, and major tax breaks.

It’s worth noting that Tesla’s been underperforming compared to the S&P 500, with only a 1.2% uptick this year, while the broader market shows off a 21.2% gain. But you can bet that the r/TeslaLounge (reddit community for Elon worshipers) will be crying tears of joy for the next four years.

PS: And speaking of wild moves, DJT’s recent leap is just a taste of what’s been happening. Our latest alert rode the political frenzy with a 116% jump in minutes. And our systems are constantly alerting us to stocks that are on the verge of a huge short squeeze. If you want to get in on the next trade alert, click here to become a Stocks.News Premium Member.

Stock.News has positions in Tesla.