Trump's presidency benefits Elon Musk more..!?

Sowmiya Sriram
Trump's presidency benefits Elon Musk more..!?
Tesla founder Elon Musk has broken his own record of being the world's number one richest person with unprecedented wealth. In the current environment, he has the honor of being the richest individual in the world. Following Donald Trump's victory in the US presidential election, the stock values of companies owned by Elon Musk are rising rapidly. Recently, the US presidential election was held. trump, who contested on behalf of the Republican Party, won in this. Elon Musk was a big supporter of donald trump in this election. In return, trump has given Elon Musk important responsibilities in his administration. In this situation, the stock values of companies owned by Elon Musk, including tesla, are rising rapidly. This has also increased the value of Elon Musk's assets. As of november 22, according to information published by Bloomberg, Elon Musk's assets are worth 350 billion US dollars.
It is said that Tesla's stock price has increased by 40 percent in the period from the start of the US presidential election voting to the announcement of the election results, that is, within this one month alone. When the stock market closed on Friday, Tesla's stock price also increased by 3.8 percent. Earlier, in 2021, Elon Musk's assets reached a value of 320.3 billion US dollars. Currently, his total assets have increased to 347.8 billion dollars. As Elon Musk is said to be likely to get approval for his various projects under the trump administration, many investors are competing to buy tesla shares. This is the reason for the increase in his assets. Since the end of the US presidential election, his net worth has increased by 83 billion. This makes Elon Musk the wealthiest person in human history. Elon Musk has now become Donald Trump's right-hand man. Therefore, once trump takes office, Elon Musk's net worth and the value of his company's shares are likely to increase even more.
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