Trump wins, Musk becomes one of the biggest winners!
On November 11th, according to reference reports, Elon Musk, the CEO of Tesla and SpaceX, expressed support for the idea of allowing the president to intervene in Federal Reserve policies.
According to CCTV News on November 8th, Federal Reserve Chairman Powell publicly criticized Trump and stated that he would not resign if Trump demanded his resignation. This indicates that the relationship between the Federal Reserve Chairman and the newly elected president may become tense again.
Ending the Federal Reserve? Musk expresses support
In a social media post by Republican Senator Mike Lee of Utah, Lee called for the Federal Reserve to operate under the president's command, and Musk endorsed it with a "100" emoji on Friday. Senator Li also added the hashtag "# EndtheFed" to the post.
Musk's comments, although brief, reflect a broader pressure movement on the independence of the Federal Reserve that may emerge in the next Trump administration.
Federal Reserve Chairman Powell shouts: You have no right to dismiss me
According to CCTV News, on November 7th local time, Federal Reserve Chairman Powell delivered a speech at the Federal Open Market Committee (FOMC). Powell stated that in the short term, the outcome of the presidential election will not directly affect monetary policy. He pointed out in response to the question that if President elect Trump asked him to resign from the position of Federal Reserve Chairman, he would not resign, and the president has no right to dismiss him because "the law does not allow it".
He also stated that the recent inflation report was "slightly higher than expected," but he is not concerned about the economy. Meanwhile, he stated that Trump's victory in the 2024 election will not directly affect monetary policy.
Why did Musk rush to become Trump's "number one big brother"?
According to CCTV News, when Trump announced his victory, Elon Musk highly praised him. Musk posted that evening, stating that "the future will be very exciting" and accompanied it with a picture of Trump "building a big rocket". Why did Musk invest money, effort, and manpower to fully bet on Trump?
Elon Musk's net worth exceeds 2 trillion yuan
As Tesla's stock price closed up 8.19% on November 8th, its market value reached $1.03 trillion, surpassing $1 trillion for the first time since 2022, and Musk's net worth exceeded $300 billion for the first time in three years.
Since Trump's election victory, Musk's personal wealth growth has far exceeded that of other billionaires. Tesla's stock price has risen by 29% in a week, increasing Musk's wealth by $50 billion to $313.7 billion (equivalent to over 2 trillion yuan).
Trump has publicly stated that he will take actions that benefit Musk's company, stating that he will reconsider plans to slow down the transition to electric vehicles. Trump also expressed support for Musk's SpaceX company and its plans to land on Mars.
According to the Forbes Billionaires List, before Tesla's Shanghai Gigafactory went into mass production in 2020, Musk's net worth was only around $20 billion, ranking outside the top 30 billionaires in the world. But with the mass production of the Shanghai factory, Tesla's sales in China have increased significantly, and global delivery volumes have continued to reach new highs. Musk's net worth has skyrocketed by over 100 billion US dollars, making him the world's richest man for the first time in 2021.
In 2022, Musk's net worth slightly declined, but with the first test flight of SpaceX Starship in April 2023, Musk's net worth returned to a period of rapid growth. In 2024, with Trump's successful campaign, Musk's net worth skyrocketed again, surpassing $100 billion compared to a year and a half ago.
Elon Musk's latest official announcement! Multi stock limit up
On the afternoon of November 11th, Tesla's concept stocks strengthened, with Topu Group, Huagong Technology, and Xusheng Group successively closing their boards. Tianqi Model surged to four consecutive boards, while Shiyun Circuit and Sanhua Intelligent Control collectively made efforts.
On the news front, on November 8th, Tesla CEO Elon Musk revealed in a post that Tesla is improving the design of the Optimus robot to address key bottlenecks in the production process.
In the humanoid robot industry chain, listed companies include Topu Group, Sanhua Intelligent Control, Qinchuan Machine Tool, Hengli Hydraulic, Best, Wuzhou Xinchun, Beite Technology, and Redick.
The content and data in this article are for reference only and do not constitute investment advice