Tesla and SpaceX CEO Elon Musk is smiling all the way to the bank after former President Donald Trump triumphed in the US election on 6 November 2024.
Trump's US presidential election triumph did wonders for tech billionaire Elon Musk, who added about $15 billion to his staggering net worth
One of Musk's six companies, alongside X Corp. , xAI, Neuralink and The Boring Company, Tesla soared in pre-market trading after Trump's astonishing election triumph.Tesla shares were up 13% at $283.97 in after-hours deals, several hours before Wall Street opened for trading., Musk, who donated nearly $119 million to support Trump's campaign, added an estimated $15 billion to his wealth, pushing his overall net worth above $280 billion at publication.
"There's a mutual interest, though Elon Musk has been vocal about being opposed to investing because of BBB-EE legislation and regulations around partnering with formerly disadvantaged people."
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