Elon Musk Now $50 Million Richer Post-Election As Tesla Stock Up Another 7%
Portfolio Pulse from
Tesla's stock surged 7% post-election, increasing Elon Musk's wealth by $50 million. The rise is attributed to Musk's alignment with President-elect Donald Trump, potentially leading to favorable policies.
November 11, 2024 | 3:45 pm
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Tesla's stock increased by 7% following the election, as Elon Musk's support for President-elect Donald Trump may lead to favorable policies for the company.
The 7% increase in Tesla's stock is directly linked to Elon Musk's support for Trump, which investors believe could result in favorable policies for Tesla. This has increased Musk's wealth by $50 million, indicating a positive market reaction.
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