America PAC, the political motion committee established by Tesla CEO Elon Musk, declared victory for Donald Trump early Wednesday regardless of the race not being known as by main information retailers.
In a publish on Musk’s social media platform X at 1:26 a.m. ET, the PAC mentioned “BREAKING: Donald Trump has won the 2024 Election.”
Prime swing states North Carolina and Georgia have been known as for Trump, growing his probabilities of victory, and Fox Information known as Pennsylvania for Trump minutes earlier than the America PAC’s publish, placing Trump proper on the cusp of getting sufficient electoral votes to assert one other time period as president.
However votes are nonetheless being counted within the Keystone State in addition to Michigan and Wisconsin, although the so-called blue wall that was key to Kamala Harris’s victory is anticipated to flip to Trump.
In the meantime, prediction markets are already pricing almost 100% odds of a Trump win. And Wall Avenue has begun anticipating that Trump will return to the White Home, sending the greenback, Treasury yields, and bitcoin increased.
Tesla inventory can also be rallying, as Musk has emerged as a large Trump backer, having donated at the very least $132 million to the Trump marketing campaign as of Oct. 26.
Trump has additionally promised Musk an appointment as the top of a authorities effectivity fee if elected. Throughout a speech at a Trump rally in late October, Musk claimed he might minimize $2 trillion from the federal funds in that position.
“Your money is being wasted, and the department of government efficiency is going to fix that,” he mentioned. “We’re going to get the government off your back and out of your pocketbook.”
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