Elon Musk Wealth : During the US presidential election, Elon Musk, owner of SpaceX, Tesla and social media platform X, was in the news. Tesla CEO Elon Musk had spent money like water for Republican Party candidate Donald Trump in the US presidential election. Now big news has come out regarding his property. According to Bloomberg report, Elon Musk has become the first person in history to reach a wealth of more than $400 billion. Elon Musk has achieved this achievement after the recent insider share sale and the results of the US elections.
According to the Bloomberg Billionaires Index, the internal share sale of Elon Musk’s company SpaceX has increased the net worth of Elon Musk by about $ 50 billion, taking Musk’s total wealth to $ 439.2 billion. At the end of 2022, SpaceX owner Elon Musk’s net worth was seen to decline by more than $200 billion. However, after Donald Trump was elected as the new President of America last month, his supporter Elon Musk has made a lot of gains.
Tesla Inc shares increased by 65 percent
According to Bloomberg report, shares of Tesla Inc. have increased by about 65 percent even before the US Presidential elections. Markets are anticipating that Donald Trump will streamline the rollout of self-driving cars and eliminate tax credits for electric vehicles that help Tesla’s rivals.
At the same time, after being named as the co-head of the newly formed Department of Government Efficiency (DOGE), Elon Musk will also play an important role in the administration of newly elected President Donald Trump.
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