Trump's Chances of Winning Soar After Shooting, Tesla and Bitcoin CelebrateTrump's shooting has sent political shockwaves through the US, boosting Republican confidence and significantly increasing predictions of his victory. Meanwhile, Tesla CEO Elon Musk publicly endorsed Trump and donated to his campaign, leading to a surge in Tesla's share price
Trump's Chances of Winning Soar After Shooting, Tesla and Bitcoin Celebrate
Trump's shooting has sent political shockwaves through the US, boosting Republican confidence and significantly increasing predictions of his victory. Meanwhile, Tesla CEO Elon Musk publicly endorsed Trump and donated to his campaign, leading to a surge in Tesla's share price. Bitcoin also surged past the $61,000 mark, buoyed by Trump's policy favorability.
Trump's Shooting Sparks Political Earthquake
On July 13th, former US President and Republican hopeful Donald Trump was shot at a campaign rally in Butler, Pennsylvania. The shooting resulted in one attendee's death and two others injured. The shooter was killed by Secret Service agents on the scene. Trump escaped unharmed and remained in good spirits. His campaign schedule remained unchanged, and he is set to attend the Republican National Convention in Milwaukee, Wisconsin, this week, where he will be formally nominated as the Republican presidential candidate.
The incident is expected to escalate the societal divisions and political tensions in the US. It also contributed to a boost in support for Trump's campaign. Many Republican Congressmen believe the incident will bolster Trump's voter base, igniting greater support in November, paving the way for his return to the White House.
According to the prediction platform Polymarket's "2024 US Election" forecast, as of 11:10 am Beijing time on July 14th, Trump's chance of winning stands at 71%, while Biden lags at 16%.
Tesla CEO Musk Publicly Endorses Trump, Stock Prices Surge
On July 14th, Tesla CEO Elon Musk posted on social media, "I fully support President Trump and wish him a speedy recovery." He added, "The last time we had such a strong candidate in America was Theodore Roosevelt." Following this, Musk declared, "The Secret Service director and the leadership of this security detail should resign."
According to Bloomberg, Musk has donated to a Super Political Action Committee supporting Trump's campaign. While the exact amount remains undisclosed, sources claim it is substantial. The committee is required to disclose its donor list on July 15th. Currently, Musk hasn't responded to the news of his donation to Trump, and Trump's campaign has also refrained from commenting.
Musk's public endorsement and sizable donation infused new energy into Trump's campaign and provided a strong boost to Tesla's stock price. On July 15th, Tesla experienced an over 6% increase in after-hours trading.
Trump-Linked Stocks Soar Collectively
Following Musk's public support for Trump, Trump-linked stocks on the US market experienced a collective surge in after-hours trading. Among them, Trump Media & Technology Group (DJT.US) saw a 21% jump, Phunware (PHUN.US) and Rumble (RUM.US) gained nearly 20% in after-hours trading.
Trump was shot at a campaign rally, sustaining injuries to his right ear. The shooter was killed on the scene, leaving one dead and two injured. While the incident is predicted to intensify societal divisions and political tensions in the US, the image of Trump, with blood on his face but undeterred, has boosted his support.
"President Trump surviving this attack means... he just won the election," said Wisconsin Republican Derek Van Orden. "This is more likely than anything else to motivate the base. You know he [Trump] is waving his fist and he doesn't want to leave. He's yelling, fight, fight, fight! This is going to be our motto," said Tennessee Republican Tim Burchett in an interview with foreign media.
Previous US election experiences indicate that winning swing states leads to the White House. In the 2024 election, Trump holds a noticeable lead in polls across seven swing states. Pennsylvania, the site of the shooting, is one of these seven swing states, where Trump currently leads by about four points.
Bitcoin Surpasses $61,000 Mark
Bitcoin surged past the $61,504 mark in the early hours of Asian trading, registering a rise of over 6%. Since last weekend morning, the virtual currency market has witnessed a significant surge across the board. Bitcoin briefly reclaimed the $60,000 mark, while Ethereum, Tether, Dogecoin and others also saw sharp increases.
Trump has previously made numerous statements expressing support for cryptocurrencies. The Republican Party's latest platform draft explicitly calls for "ending the crackdown on cryptocurrencies," mentioning opposition to introducing central bank digital currencies, defending the right to Bitcoin mining, and safeguarding the freedom of digital asset custody and trading.
While the stock market has been on an upward trajectory recently, the virtual currency market has been plagued by turmoil, with Bitcoin experiencing substantial declines. Some industry insiders believe recent developments, including the Trump incident and the German government's sale of Bitcoin, could mark a turning point for BTC.
The surge in Tesla, the surge in Trump-linked stocks, and the breakthrough in Bitcoin are all closely tied to the political impact of the Trump shooting incident.
The impact of the Trump incident on US politics and economics will continue to ferment and deserves close attention.
Disclaimer:
This information is for reference purposes only and does not constitute investment advice. Investing involves risks, and investors should proceed with caution.
Here are some additional themes that could be incorporated into the article:
- Analysis of the Trump shooting's impact on American society, including the exacerbation of social divisions and political polarization.
- Analysis of Musk's reasons for supporting Trump and potential implications for Tesla.
- Analysis of whether the surge in Bitcoin is related to Trump's policies and its future trend.
- Analysis of the latest developments in the US election and Trump's chances of winning.
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