Tesla shares have surged following Donald Trump’s win in the U.S. presidential election, increasing by 12% and adding $15 billion to Elon Musk’s net worth, as reported by Forbes.
This rise has helped Musk maintain his title as the world’s richest person.Tesla’s stock exceeded $280 this morning, potentially setting a new record, surpassing the previous peak of $273.54 set on October 27.With Musk owning approximately 13% of Tesla’s shares, Forbes calculates that the billionaire’s fortune has grown significantly due to the stock’s upward trend.
Musk was a notable supporter of Trump during the campaign and contributed at least $118 million to America PAC. In his victory speech, Trump lauded Musk as a “super genius,” acknowledging the CEO’s weeks of campaigning for him across Pennsylvania.Despite previously downplaying electric vehicles by saying they were not worth focusing on, Trump had expressed admiration for them and for Tesla’s contributions.
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