US Stock Market Move | The report stated that Trump plans to purchase $400 million "armored" electric cars from Elon Musk's Tesla, Inc. (TSLA.US), causing the stock to rise by over 4%.
On Thursday, Tesla (TSLA.US) rose more than 4%, closing at $350.80.
On Thursday, Tesla, Inc. (TSLA.US) rose over 4% to $350.80. In terms of news, the US State Department removed information about Elon Musk's Tesla, Inc.'s "armored" electric vehicles from its procurement expectations. On February 12th, sources such as Electrek and Bloomberg revealed that the Trump administration was planning to purchase these vehicles for an estimated amount of $400 million.
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