Elon Musk has had some very good years, although 2024 could break all records. The American tycoon has seen his fortune grow by leaps and bounds, reaching its all-time high, while the value of his pretty daughter, Tesla, has once again exceeded $1,000 billion in market capitalization. And all this happened after Donald Trump’s victory in the US presidential election, in which the richest person in the world is preparing to be the whisperer of the next US president.
This is the second time Tesla has surpassed the $1 trillion value. The previous time was in 2022, when it reached 1.3 billion. Today, this is the case again thanks to the action of the electric car manufacturer which saw an increase of more than 6% shortly after the markets opened. Its shares reached $316.6So far this week, they have increased by 27%, despite the fact that the former president and future leader of the country has expressed his rejection of electric cars and his preference for combustion vehicles.
Donald Trump’s victory in the US presidential elections caused a general rise in stock values in the United States and, in particular, at Tesla, whose CEO, Elon Musk, became one of the main supporters of the Trump campaign during the election campaign. .Republican candidate. In addition, he participated in donations received by Republicans, investing some $130 million to help Trump return to the White House through his action committee, America PAC.
In fact, the first consequences of Musk’s help to Trump during the US presidential elections will soon be established. As revealed this Friday by New York TimesThe South African-born tycoon has already asked the future president to hire several employees of his company SpaceX as senior government officials, including the Department of Defense, which is one of his clients, according to two people briefed on his calls. Additionally, Musk ran to lead a non-existent Department of Government Effectiveness and advocated cutting the federal budget by “two trillion dollars.”
Musk has repeatedly said that regulatory barriers are the main obstacle to the full development of autonomous driving, in which Tesla has invested significant resources and which, according to the businessman, could make the automaker the company the most valuable on the planet. Title which corresponded a few days ago to Nvidia, worth 3.6 billion dollars.
A fortune never seen before
Elon Musk’s assets skyrocketed after his direct involvement in the Republican campaign. Currently, the billionaire’s fortune stands at $314 billion, according to the wealth index of Bloomberg. Very close to breaking all records, when in November 2021 it reached 320 billion dollars. Not even a month has passed for it to reach 240 billion, an amount that Jeff Bezos, second in the ranking, has not yet exceeded (he is at 230 billion). This year, Musk is the billionaire who has amassed the most millions, along with Jensen Huang (Nvidia), with a total of 84.7 billion dollars. The podium is closed by Zuckerberg, with 80 billion won.
In October, a report from the Informa Connect Academy was published in which the founder of Tesla, SpaceX and current owner of 13 digits of the brand. “If you look at the list of the richest Americans, whether it’s Elon Musk or Jeff Bezos, the reason people become super rich is because they start a business and grow it,” said James Pethokoukis, an economic policy analyst at the American Business Institute. “And the reason the company continues to grow is because it produces something valuable that people want,” he added.
