Elon Musk's Financial Gains Following Trump's Election Victory
MODELS New Musk's Shareholding Elon Musk's Financial Gains Following Trump's Election Victory Net Worth Increase After Donald Trump's victory in the 2024 presidential election, Elon Musk's net worth saw a significant increase, estimated at around $20 billion . This surge was primarily driven by a substantial rise in Tesla's stock price. Tesla Stock Surge On the morning following the election, Tesla's stock price jumped by 12.7% , rising from $251.44 to $283.24 . This increase added approximately $120 billion to Tesla's market capitalization, pushing it above $900 billion for the first time since July 2023. Musk's Shareholding Musk owns over 411 million shares of Tesla, which constitutes about 13% of the company's outstanding stock. This makes him the largest individual shareholder, directly linking his wealth to Tesla's performance in the stock market. Political Influence and Business Prospects Musk's close as...