Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

From $248 to $436: Tesla’s Stock Surge Fuels Musk’s $170 Billion Wealth Increase

Daniel Kim Views  

President-elect Donald Trump has identified Tesla CEO Elon Musk as a key player in his reelection campaign. Reports show Musk’s political contributions have yielded an astonishing 600-fold return on investment, mainly due to Tesla’s stock price rally following the U.S. presidential election. Analysts predict Musk’s wealth could skyrocket further, factoring in potential value increases in SpaceX and cryptocurrency holdings.

Reuters
Reuters

On Sunday, The Washington Post, citing the Bloomberg Billionaires Index, reported that Musk’s net worth had soared to approximately $442 billion as of December 13th. This marks a staggering increase of about $170 billion since the U.S. election. Musk’s reported campaign contribution to Trump was around $277 million, resulting in an eye-popping 612-fold return on investment.

Musk’s wealth has ballooned by $200 billion this year alone, with a whopping 85% of that gain occurring in just 40 days following the election. The lion’s share of this increase is tied to Tesla’s stock performance. Tesla shares, which traded at $248 earlier this year, closed at $436.23 on Friday. This represents a 75.6% annual increase, with 73.5% of that growth materializing post-election.

Musk’s financial windfall may continue to snowball. The Washington Post suggests that as the newly appointed head of the Department of Government Efficiency (DOGE), Musk could wield significant influence over policies affecting his business empire, including Tesla, SpaceX, X, and xAI. The paper pointed out that Musk’s empire will likely benefit from the deregulation promised by Trump and the public favors extended to loyal supporters.

Companies like SpaceX and Neuralink operate under intense regulatory scrutiny and could see substantial benefits. The Washington Post analysis indicates that these firms, operating in heavily regulated sectors, stand to gain from Musk’s role in the Department of Government Efficiency and the administration’s broader push for regulatory relief.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[LATEST] Latest Stories

  • Pfizer Ends Obesity Drug Trial After Liver Risk Emerges
  • Not Just Old Age: The Pneumonia That Affected Pope Francis’ Final Years
  • China Just Cranked U.S. Tariffs to 84% — And That’s Not the End of It
  • BMW's Next-Gen EV: The Bold New i3 Touring Concept Revealed
  • LEGO Technic Ferrari SF-24 F1 Car: A 1,361-Piece Tribute to Ferrari’s 2024 F1 Season
  • Hyundai’s Ioniq 6 Just Took the Top Spot in J.D. Power’s EV Ownership Study

You May Also Like

  • 1
    Novavax COVID Vaccine Still on Hold—More Trials Needed, Says FDA

    LIFESTYLE 

  • 2
    Want to Lower Your Blood Pressure? Eat More Bananas, Study Says

    LIFESTYLE 

  • 3
    Weekend Workouts Are Enough to Cut Diabetes Risk, Study Says

    LIFESTYLE 

  • 4
    Brushing Right After Eating Could Hurt Your Teeth—Here’s Why

    LIFESTYLE 

  • 5
    Early Bedtimes Could Help Teens Boost Brain Power, Study Finds

    LIFESTYLE 

Popular Now

  • 1
    Scientists Find a New Reason to Snack on Walnuts

    LIFESTYLE&nbsp

  • 2
    It’s Not Just How Long You Sleep—It’s How You Sleep That Matters

    LIFESTYLE&nbsp

  • 3
    Want to Live to 100? Start Eating Like They Do in the Blue Zones

    LIFESTYLE&nbsp

  • 4
    Forget the Treadmill—This Machine Burns Twice the Calories in Half the Time

    LIFESTYLE&nbsp

  • 5
    No More Needles in the Spine? Blood Test May Predict Alzheimer’s Early

    LIFESTYLE&nbsp

Must-Reads

  • 1
    Novavax COVID Vaccine Still on Hold—More Trials Needed, Says FDA

    LIFESTYLE 

  • 2
    Want to Lower Your Blood Pressure? Eat More Bananas, Study Says

    LIFESTYLE 

  • 3
    Weekend Workouts Are Enough to Cut Diabetes Risk, Study Says

    LIFESTYLE 

  • 4
    Brushing Right After Eating Could Hurt Your Teeth—Here’s Why

    LIFESTYLE 

  • 5
    Early Bedtimes Could Help Teens Boost Brain Power, Study Finds

    LIFESTYLE 

Popular Now

  • 1
    Scientists Find a New Reason to Snack on Walnuts

    LIFESTYLE 

  • 2
    It’s Not Just How Long You Sleep—It’s How You Sleep That Matters

    LIFESTYLE 

  • 3
    Want to Live to 100? Start Eating Like They Do in the Blue Zones

    LIFESTYLE 

  • 4
    Forget the Treadmill—This Machine Burns Twice the Calories in Half the Time

    LIFESTYLE 

  • 5
    No More Needles in the Spine? Blood Test May Predict Alzheimer’s Early

    LIFESTYLE