Elon Musk,wealth surges after Trump's win

[Augusta]

Elon Musk, CEO of Tesla and owner of X (formerly Twitter), saw his fortune surge by around $13 billion just hours after Donald Trump, wins the U.S. presidential election.

investors were quick to predict that Trump’s victory could bring favorable conditions for Musk’s primary venture, Tesla (TSLA), causing shares to jump by 13% at Wednesday’s market open, according to CNN.

This market response significantly boosted the value of Musk’s 411 million Tesla shares by over $13 billion, yielding an astronomical return on the $119 million he has reportedly donated to Trump’s campaign efforts.

Musk has shown strong support for Trump throughout the election, donating heavily and even interviewing the former president on X. The Federal Election Commission notes that Musk has contributed close to $119 million through a political action committee aimed at backing Trump, making him one of Trump’s most high-profile supporters in the tech sector.

 

[magnus2022]

Elon Musk is one of the relentless supporters of Donald Trump and the coming president will definitely compensate him for his efforts. Elon Musk use his social media to campaign for and also investment millions of dollars in the election campaign. I will not be surprised that Elon Musk will be one of the beneficiary of presidential appointments. Congratulations to the man of vision.

 

[eLdavis]

He definitely choose the right person to invest in. It's kind of like an investment, and luckily it paid off.

 

[Fidelia]

I think that Kamala Harris should have sought for the endorsement of top business moguls rather than that of people like Beyonce.

 

[Kross]

Elon Musk would still get favourable policies for his business concerns. His wealth would continue to grow within the next four years.