Gelonghui, November 7th | Boosted by Tesla's sharp rise last night, Hong Kong stocks related to the Tesla concept surged collectively this morning, with LK Tech rising over 6% and Nexteer rising over 5%. After Trump, supported by Musk, won the US presidential election, Tesla (TSLA.US) closed at $288.53, up 14.75% on Wednesday, reaching a new high since July 2023. Wedbush analyst Dan Ives bullish on Musk and Tesla commented: the biggest beneficiary of Trump's victory will be Tesla/Musk. Trump's victory is negative for the electric car industry because EV discounts/tax incentives will be eliminated, but the impact on Tesla is positive as Tesla has a significant advantage in scale/price. (Gelonghui)