After 4 years, Trump has returned to the White House, and the world's richest man Musk has won again.

Today's premarket, Tesla's stock price surged nearly 15% at one point, and then fell back to 12%, closing at $282.31 per share.

Trump praised Musk highly.

During Trump's election process, Musk contributed both effort and money.

According to foreign media reports, Musk spent over 0.13 billion dollars on this election. At the same time, he kept posting on his own social media platform X to continuously support the Republican Party and Trump.

Elon Musk's relentless efforts have been noticed by Donald Trump, who will give him a "generous reward".

In his latest speech, Donald Trump talked about Elon Musk for almost four minutes, praising his company SpaceX, and calling Musk a "special person" and a "super genius".

Trump said: "Let me tell you, we have a new star, a new star is born: Musk."

Previously, Trump promised that if elected, he would appoint Musk as the head of the government efficiency committee, conducting a comprehensive financial and performance audit of the entire federal government, and proposing major reform recommendations.

In October, Musk stated in a speech that he could cut $2 trillion from the federal budget.

Wedbush: Tesla to rise $40-50

According to previous speeches, Trump is more inclined towards traditional energy sources such as oil, and not very friendly towards clean energy.

However, Wedbush analyst Dan Ives pointed out that "the biggest winners of Trump's victory will be Tesla and Musk", and Tesla's stock price may rise by $40-50 as a result.

He believes: "Trump's election as president is generally unfavorable for the electric car industry, as electric car tax rebates or tax incentives may be canceled, but for Tesla, this is a huge bullish signal."

Ives analyzed that Tesla's scale and range in the electric car industry are unparalleled, which may give it a significant competitive advantage in non-electric car subsidies. In addition, with Trump possibly increasing tariffs on China, this will continue to prevent cheaper Chinese electric cars from flooding the U.S. market in the coming years.

Furthermore, Trump's presidency is beneficial for accelerating the development of Tesla's autopilot technology.

During last month's earnings conference call, Musk called on the federal government to approve self-driving cars, stating that if appointed to the Trump administration, he would "work towards achieving this goal".

Ives pointed out that the rapid development of autonomous driving will be a focus of investors' attention, with Tesla expected to accelerate its plans to put self-driving cars on the road.

In addition to Tesla, other companies in Musk's "business empire" are also expected to benefit, including lower corporate tax rates, more lenient regulations in labor law and environmental protection, and SpaceX may have the opportunity to receive more government contracts.