Trump Media, Tesla and Bitcoin on the rise

The announcement of Donald Trump’s victory had an impact on certain stock market values: shares in DJT, Tesla and Bitcoin rose after the election results, benefiting Trump, Elon Musk and Bitcoin.

DJT stock, which represents Donald Trump’s company, has seen a series of ups and downs in recent months.

However, Trump’s surprise victory seems to have had a positive impact, contributing to a rise in its share price.

Indeed, DJT shares had fallen to $30.02 on November 4, just before the election, but jumped to $44.35 the day after the results, before falling back slightly thereafter.

For Tesla and Elon Musk, now one of Donald Trump’s most powerful allies in his victory, Tesla’s share value was at its lowest on November 4, at $243.52.

However, the day after the election on November 6, it rose significantly, peaking at $284.55, before falling back slightly.

Finally, investors in Bitcoin, which Trump has suggested in recent months could be used to finance the US government’s multi-billion debts, probably took a positive view of Trump’s victory, as the value of Bitcoin also rose. On November 4, it was at $68,346, and the day after the election it had climbed to $74,552.

The unexpected outcome of the election gave a boost to DJT, Tesla and Bitcoin shares.

It remains to be seen how the next few months will evolve with Trump’s imminent installation in the White House for a second term.