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- Faeces, vomit offer clues to how dinosaurs rose to rule Earth
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- Spain factory explosion kills three, injures seven
- US Fed's favored inflation gauge ticks up in October
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- US says China releases three 'wrongfully detained' Americans
- New clashes in Mozambique as two reported killed
- Romania officials to meet over 'cyber risks' to elections
- Chelsea visit next stop in Heidenheim's 'unthinkable' rise
- Former England prop Marler announces retirement from rugby
- Kumara gives Sri Lanka edge on rain-hit day against South Africa
- Namibia votes with ruling party facing toughest race yet
- Spurs goalkeeper Vicario out for 'months' with broken ankle
- Moscow expels German journalists, Berlin denies closing Russia TV bureau
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- France says Netanyahu has 'immunity' from ICC warrants
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- Stock markets waver as traders weigh Trump tariffs, inflation
- Tens of thousands in Lebanon head home as Israel-Hezbollah truce takes hold
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- New EU commission gets green light to launch defence, economy push
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- New EU commission to get all clear with big push on defence and economy
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- Australia takes step to ban under 16s from social media
- Volkswagen says to sell operations in China's Xinjiang
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Tesla shares soar pre-market as Trump hails 'genius' Musk
Shares in Tesla soared in pre-market trading Wednesday after Donald Trump claimed victory in the US presidential election and hailed the electric car company's boss Elon Musk as a "genius".
Tesla shares were up more than 15 percent at $289.44 in after-hours deals before the opening bell on Wall Street.
Investors welcomed the prospect of a Trump victory as Wall Street futures -- bets on what the price of a stock will be at a later date -- jumped as the former president appeared poised to defeat Vice President Kamala Harris.
Musk shared a photo on his social media platform X showing him with Trump at an election watch party in Florida, and the Republican candidate singled him out during a celebratory speech.
"We have a new star, a star is born: Elon," Trump said, marvelling at Musk's SpaceX rocket and the deployment of the Starlink satellite internet service during Hurricane Helene.
"He's an amazing guy," Trump said. "He's a character, he's a special guy, he's a super genius."
Musk staunchly supported Trump during the campaign through America PAC, a political action committee that contributed tens of millions of dollars and doled out $1 million giveaways to registered voters in key states.
"Tesla shares are rising ... due to his special ties with Donald Trump," Andrea Tueni, analyst at Saxobank, told AFP.
Trump, Tueni said, "owes him a lot".
Investors are betting that their closeness "will turn into something positive for Tesla", Tueni added.
Trump said during the campaign that, if he won the White House, he would install the tech billionaire at the head of a government efficiency commission to eliminate "trillions" of dollars in wasteful spending.
J.Bergmann--BTB