Elon Musk has had some really good years, although 2024 may break all records. The American tycoon has seen how his fortune is advancing by leaps and bounds, touching its all-time record, while the value of his pretty girl, Tesla, has once again exceeded $1 trillion in market capitalization. And all this has happened after Donald Trump’s victory in the United States presidential election, in which the richest person in the world is preparing to be the man who whispers to the next US president.
This is the second time that Tesla has surpassed the trillion dollar value. The previous time was in 2022, where it reached 1.3 billion. Now it has done it again thanks to the electric car manufacturer’s shares experiencing a rise of more than 6% shortly after the markets opened. Its titles reached 316.6 dollars yeSo far this week they have appreciated 27%, despite the fact that the former president and future leader of the country has expressed his rejection of electric cars and his preference for combustion vehicles.
Donald Trump’s victory in the US presidential elections has caused a general rise in stock market values in the United States and, especially, in Tesla, whose CEO, Elon Musk, became one of the main supporters of the Trump campaign during the election campaign. Republican candidate. In addition, he was a participant in the donations that Republicans received, investing some $130 million in helping Trump return to the White House through his action committee, America PAC.
In fact, the first consequences of Musk’s help to Trump in the US presidential elections will soon be established. As revealed this Friday by the New York Timesthe South African-born tycoon has already asked the future president to hire several employees of his company SpaceX as senior government officials, including the Department of Defense, which is one of his clients, according to two people informed of his calls. Additionally, Musk has run to lead a non-existent Department of Government Efficiency and has advocated reducing the federal budget by “two trillion dollars.”
Musk has repeated on numerous occasions that regulatory barriers are the main obstacle to the full development of autonomous driving, in which Tesla has invested large resources and which the businessman claims could turn the car manufacturer into the most valuable company on the planet. Title that a few days ago corresponded to Nvidia, with a value of 3.6 billion dollars.
A fortune never seen before
Elon Musk’s assets have skyrocketed after his direct involvement in the Republican’s campaign. Currently, the billionaire’s fortune stands at $314 billion, according to the wealth index of Bloomberg. Very close to breaking all records, when in November 2021 it reached $320 billion. Not even a month has passed when it reached 240,000 million, an amount that Jeff Bezos, second in the ranking, has not yet surpassed (it is at 230,000 million). So far this year, Musk is the billionaire who amasses the most millions, along with Jensen Huang (Nvidia), with a total of $84.7 billion. The podium is closed by Zuckerberg, with 80,000 million earned.
In October a report from Informa Connect Academy came to light in which the founder of Tesla, SpaceX and current owner of X, among others, is the billionaire with the best chance of becoming the first person in history to reach the brand 13 figures. “If you look at the list of the richest Americans, whether we’re talking about Elon Musk or Jeff Bezos, the reason people get super rich is because they create a company and grow it,” said James Pethokoukis, economic policy analyst at the American Enterprise Institute. “And the reason the company keeps growing and growing is because it produces something valuable that people want,” he added.
#Pleasurable #year #Elon #Musk #fortune #break #records #Tesla #exceeds #trillion #dollars
