According to Guangzhou Daily and US media reports, after Republican presidential candidate Trump secured a victory in the 2024 US presidential election, Elon Musk, a well-known American entrepreneur and CEO of Tesla, has seen a significant increase in his assets, securing his position as the world's richest man.
On November 6th local time, Tesla's stock price rose 14.75%, reaching a new high since July 2023. Its market value surged by $119 billion overnight, with a total market value of $926.2 billion.
This increase not only greatly boosted Tesla's market value, but also caused Musk's net worth to skyrocket by over $20 billion (approximately RMB 150 billion) in a single day. According to Forbes Rich List data, Musk's total assets have reached $285.6 billion, far surpassing Jeff Bezos, who ranks second on the global rich list.
According to Newsweek, Musk's net worth increased by approximately $20 billion, with about $13 billion of the increase coming from a significant rise in Tesla's stock price. It is reported that Musk owns over 411 million shares of Tesla stock, accounting for approximately 13% of the company's issued common stock, making him the largest individual shareholder.
In addition, Musk also posted on social media on November 6th local time, stating that "the future will be beautiful" and accompanied it with a photo of the rocket launch.
According to Securities Times, the Congressional Hill previously reported that Musk publicly supported Trump since July 2024 and invested at least $118 million in his campaign team. Affected by Trump's successful presidential campaign, Tesla closed with a sharp rise. Analysts believe that Trump's victory will make Tesla the main beneficiary, especially in the context of the Trump administration potentially reducing tax incentives for electric vehicles, giving Tesla an advantage over other manufacturers. In addition, Trump mentioned Musk multiple times in his victory speech and praised SpaceX's rocket launches and Starlink's performance in providing networks in disaster areas. Analysts believe that after Trump takes office, SpaceX may face fewer restrictions on worker safety and environmental regulations, which could further drive the company's development.