Shares of Trump Media soared after Donald Trump returned to Butler, Pennsylvania, the site of his July 13 assassination attempt, to rally with Elon Musk.
Shares of Trump Media soared Monday, two days after former President Donald Trump returned to Butler, Pennsylvania, the site of his July 13 assassination attempt, to rally with Tesla CEO Elon Musk .
Midway through Trump's 90-minute speech in Butler, Pennsylvania, Musk came up on stage to praise the Republican presidential hopeful and call himself "not just MAGA" but "Dark MAGA."Shares closed up 11.45% at $18.39 per share after a heavy volume trading day. As of Monday's close, the media company had a market capitalization of about $3.681 billion."This is no ordinary election," said Musk. "President Trump must win to preserve the Constitution.
The billionaire entrepreneur first publicly endorsed Trump for president in the hours after the July 13 failed assassination attempt. Musk has been a key supporter of the Trump campaign ever since.earlier this year after voter data complaints. The probes have since been closed without further action taken against the PAC.if he is elected president, to audit and cut waste throughout the federal government. Trump also suggested he would tap Musk to lead the commission.
Trump Media shares have been down 54.68% since a spike in July following Trump's first assassination attempt. Shares hit In the same filing, the company announced it will release nearly 800,000 shares of its stock to an early investor by order of a Delaware judge, who found that Trump Media hadThis is the cost of carrying too much cash, according to Wells Fargo
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