Musk's Wealth Soars: Market Opportunities from New Policies
Last Friday, Tesla CEO Musk's net worth reached an all-time high of $347.8 billion, primarily due to the continuous rise in Tesla's stock price and the soaring valuations of his AI startup xAI and SpaceX. Since Trump's election victory, the value of Musk's multiple businesses has been consistently increasing, with Tesla's stock rising by 45% since the day before the election, adding approximately $350 billion to its market capitalization.
Musk firmly holds the position of the world's richest person, far ahead of Bezos, and with the push from Trump's team on autonomous driving and electric vehicle policies, Tesla is set to gain a greater advantage in future markets. Additionally, Musk's alliance with Trump has brought more opportunities for his companies, including the expansion of autonomous driving technology.
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