Tesla founder Elon Musk's wealth has recently surged to $447 billion, firmly maintaining his position as the world's richest person, thanks to rising Tesla stock prices and SpaceX share transactions. The exposure of the new entry-level electric vehicle plan 'Model Q' has further boosted market confidence. (Background: Tesla's '40% surge in five days' caused significant losses for short sellers, and Musk's wealth skyrocketed by $70 billion, solidifying his position as the richest person) (Supplementary background: Musk revealed: Bezos predicted Trump would lose before the election! Urged people to sell Tesla and SpaceX stocks) Elon Musk's wealth has recently benefited from the rebound in market confidence following Trump's election as U.S. President, as well as the completion of SpaceX share transactions, leading to another significant increase and firmly securing his status as the world's richest person. According to the Bloomberg Billionaires Index, his net worth has recently increased by about $50 billion, reaching $447 billion (approximately 14.3 trillion New Taiwan dollars). Stock prices hit a historic high, Model Q plan exposed Tesla (TSLA.O) stock prices recently broke through the historic high of $424.49 set in November 2021, with a daily increase of about 5.93%. This surge in stock prices is speculated to be closely related to the company's new electric vehicle plan. Tesla executives revealed at an investor meeting that the company plans to launch an entry-level electric vehicle priced lower than Model 3, temporarily named 'Model Q'. According to foreign media reports, this model will have a length reduced to less than 4 meters, a weight reduction of 30%, a range of up to 500 kilometers, and a selling price possibly below $30,000 (about 930,000 New Taiwan dollars). The Model Q is expected to debut in the first half of 2025 and will target the affordable market, helping Tesla further expand its market share. However, the ideal outlook also comes with challenges. The newly elected U.S. President Trump plans to cancel the maximum $7,500 electric vehicle tax credit. If this policy is implemented, it could put pressure on the pricing strategy and market competitiveness of Model Q, potentially affecting the overall development landscape of the U.S. electric vehicle market. Image source: 8891 SpaceX, the world's most valuable startup On the other hand, SpaceX completed an internal share transaction valued at $1.25 billion on Wednesday, raising the company's valuation to $350 billion, solidifying its position as the leader among private startups globally. The market is full of confidence in SpaceX's commercialization potential in satellite communications and space exploration, and its high valuation further reflects the company's future growth potential. Related reports Musk revealed: Bezos predicted Trump would lose before the election! Urged people to sell Tesla and SpaceX stocks Tesla's '40% surge in five days' caused significant losses for short sellers, and Musk's wealth skyrocketed by $70 billion, solidifying his position as the richest person Trump's victory brings significant benefits! Dow futures surge over 1,100 points, Tesla jumps more than 12% before the market opens 'Tesla stock price hits a new high! Model Q to debut next year, Musk's wealth surpasses $400 billion, becoming the first person in history' This article was first published on BlockTempo (BlockTempo - the most influential blockchain news media).