Tesla shares jump 14.8% after Trump election win as investors see advantages for the company

Tesla shares rose by 14.8% on Wednesday following Donald Trump's election win, as investors anticipate benefits for the company under his administration. The potential reduction of subsidies for electric vehicles could disadvantage smaller competitors. Trump's proposed tariffs on Chinese imports may limit the sale of Chinese electric vehicles in the U.S., further strengthening Tesla's market position. Tesla currently holds a 48.9% share of the U.S. electric vehicle market. Despite a challenging year with declining sales and an ongoing investigation into its self-driving system, Tesla's stock has gained 16.1% this year. The company reported a 17.3% profit increase in the third quarter.