On Monday, Nov. 4, Tesla stock traded at $243. Yesterday it closed at $321. Donald Trump’s election increased its value by a third in a week, adding $245bn to its market cap.
Elon Musk made around $50bn from that leap, as he owns a fifth of Tesla’s stock. That’s about twice as much as Musk personally paid to buy Twitter—now X—two years ago.
It’s a sign of the value financial markets have assigned to proximity to Trump, whom Musk joined on the phone call with Ukrainian president […]
Elon Musk Has Crushed Jeff Bezos' Space Dreams For 20 Years – The Daily Beast