Investors boost supplier stocks on expectations of Tesla growth based on CEO Elon Musk’s close ties to the president-elect.
Chinese stocks associated with Tesla rose after the US election, as investors bet the world’s largest maker of electric-vehicles (EVs) will prosper under Donald Trump’s second presidency given his close ties to CEO and co-founder Elon Musk.
On Thursday, shares of some Chinese manufacturers that are believed to be suppliers to Tesla surged by about 20 per cent in morning trading.
