Tesla pops 14% in Frankfurt as early US vote results lift 'Trump trades'

Shares of Tesla and Coinbase saw strong gains in Frankfurt trading amid positive sentiment favoring Donald Trump in the U.S. presidential election.

Tesla shares surged over 14%, as investors speculated on a Trump victory, potentially aligning with the supportive stance of Tesla CEO Elon Musk toward Trump’s campaign.

Similarly, Coinbase's shares jumped 16%, fueled by an overnight rise in bitcoin to a new high above $75,000. These moves reflect market optimism around Trump’s pro-business policies, with particular momentum seen in technology and cryptocurrency sectors.