Small investors sold Tesla shares after Trump's victory

Small investors took home the win from the Tesla stock surge following Donald Trump's election victory. The money was invested in, among other things, Novo Nordisk and the defence conglomerate Saab, according to Nordnet's monthly statistics.

» Published: November 29 2024

Small investors sold Tesla shares after Trump's victory
Photo: Brandon Bell/AP/TT

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Donald Trump's victory in the presidential election in the USA has already made an impact on the stock market and prompted Swedish small investors to act. The connection between Trump and electric car manufacturer Tesla's founder Elon Musk has caused the Tesla share to surge after the election outcome.

The upswing led Nordnet's customers to press the sell button and take home the profit. This makes the share one of the most sold in November, along with telecom giant Ericsson.

Among the most bought are two of the Stockholm Stock Exchange's largest companies, Investor and Astra Zeneca. Also on the list are Danish pharmaceutical giant Novo Nordisk and chip manufacturer Nvidia, the latter of which fell back in connection with high expectations for the interim report presented in November.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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