US Stock Market Move | Musk will lead the efficiency division of the US government. Tesla, Inc. (TSLA.US) rose nearly 5% at one point.

On Wednesday, Tesla, Inc. (TSLA.US) opened up nearly 5%, and as of the time of publication, it had increased by over 3%, reaching $338.20 per share. In terms of news, US President-elect Donald Trump announced on November 12th that entrepreneurs Elon Musk and Vivek Ramaswamy will co-lead the "Department of Efficiency" that he plans to establish after taking office. It is reported that the "Department of Efficiency" will "clear the way for breaking down government bureaucracy, reducing unnecessary regulation and wasteful spending, and restructuring federal agencies."