3 sources·Business

Trump Jr. Joins Drone Company Advisory Board, Stock Surges Over 100%

Shares in Unusual Machines soared after Donald Trump Jr. was appointed to its advisory board amidst rising concerns about Chinese imports.

33%

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Updated: Nov 27th, 2024, 6:13 PM ET

Summary

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Unusual Machines, a Florida-based drone manufacturer, saw its stock price double following the announcement of Donald Trump Jr.'s appointment to its advisory board. CEO Allan Evans highlighted Trump Jr.'s role in advancing the company's mission to bolster U.S. drone manufacturing and reduce reliance on Chinese imports. Despite the initial surge in stock price, concerns over potential tariffs under the incoming Trump administration and reliance on Chinese suppliers received attention in the company's financial disclosures. Unusual Machines, founded in 2019, is looking to expand its market and sales amid a challenging landscape.

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