Elon Musk’s Wealth Soars After Trump’s Election Victory: A Look at Tesla’s Performance Under Both Administrations

Elon Musk’s net worth skyrocketed by $26.5 billion in a single day following Donald Trump’s victory in the 2024 election, largely driven by a surge in Tesla’s stock price. This significant gain highlights the close correlation between Tesla’s performance and Trump’s presidency, as the electric vehicle giant experienced exceptional growth during his first term. While Tesla’s stock has continued to rise under President Biden, the growth rate pales in comparison to the near 1,000% surge during Trump’s first term.

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