((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
(Updates)
November 6 – **Tesla stock TSLA.O jumps 12.5% to $282.94 after Donald Trump is elected president of the United States
**TSLA Chief Executive Officer, billionaire Elon Musk, has been an outspoken Trump supporter this year and supported the former president throughout the election campaign
** Trump said he would appoint Musk to head a government efficiency commission if elected
** Shares of Lucid LCID.O fell 2.7% while Rivian RIVN.O fell 7.6%
** Polestar Automotive PSNY.O down 5.9%, Nikola
NKLA.O down 5.2%, VinFast 0TL.F down 2.8%
**Trump earlier said he would consider ending a $7,500 tax credit for electric vehicle purchases if elected
**Tax incentives for electric vehicles will likely be reduced. This would be negative for the electric vehicle industry, but should give Tesla a clear competitive advantage due to its scale and vertical integration, giving it a cost advantage over legacy OEMs,” Mamta Valechha , consumer products analyst at Quilter Cheviot
**Through Tuesday's close, TSLA was up 1% year to date
