Nov 6 (Reuters) - Shares of Tesla, Donald

Trump's media business and domestic-focused small-cap companies

surged on Wednesday in anticipation of a win for the former

president even though some key states in the U.S. election are

yet to post results.

Trump claimed victory after Fox News projected that he had

defeated Democrat Kamala Harris, although other news outlets had

yet to call the race for Trump.

Tesla jumped 11% as CEO Elon Musk has promoted the

former president throughout his electoral campaign. If

re-elected, Trump has promised to make Musk head of a government

efficiency commission.

Trump Media & Technology Group ( DJT ), in which the former

president owns a majority stake, soared 30%. From their all-time

lows hit in late September, they have nearly tripled in value,

boosting the former president's stake to $5 billion.

Meanwhile, the S&P 500 futures hit an all-time high and

futures tied to the small-cap Russell 2000 index surged

5.6% on bets that U.S.-focused companies would benefit from

business incentives and tariffs that favor domestic production.

"The market believes a Trump presidency will unleash animal

spirits and give a boost to growth in the short-term through

some relief on corporate taxes and deregulation," said

Frédérique Carrier, head of investment strategy for RBC Wealth

Management in the British Isles and Asia.

Republicans took control of the Senate, while neither party

appeared to have an edge in the fight for control of the House

of Representative.

The outcome of who controls the U.S. Congress will play an

important role in determining how easily the U.S. president will

govern over the next two years.

"If you look at historical playbook, a Republican sweep has

been strong backdrop for the S&P 500 whereas a Republican

presidency with a split Congress has given a more muted return,"

Carrier said.

Wall Street lenders JPMorgan Chase ( JPM ), Bank of America ( BAC )

and Wells Fargo ( WFC ) jumped between 5% and 6%.

Trump, who has positioned himself as pro-cryptocurrency,

lifted bitcoin to a record high. Crypto-linked stocks Coinbase

, MicroStrategy ( MSTR ), Riot Platforms ( RIOT ), MARA

Holdings ( MARA ) jumped between 11% and 14%.

On the downside, U.S. renewable energy firms such as NextEra

Energy and First Solar ( FSLR ) plunged 7.5% and 11%,

respectively as Trump has campaigned for the rollback of climate

regulations passed under President Joe Biden.