Elon Musk might be blamed for a lot of things, but one thing he does well is investing. As the future president himself has called him a “genius,” the passionate supporter of Donald Trump has watched his fortune increase by a whopping $26.5 billion! At least twenty-three billion Swiss francs.
A good return on investment for the South African native who contributed $118 million to the Republican candidate’s campaign, According to Bloomberg data, the boss of Tesla, SpaceX, and X, strengthens his position as the richest man in the world with a fortune estimated at $290 billion. With Donald Trump in the White House, Elon Musk should continue his momentum by pocketing juicy government contracts.
The South African billionaire is not the only one who has gained a lot from the election of Donald Trump. Global markets have too: the dollar, bitcoin, US rates, and some assets have jumped. As for Tesla, its stock has increased by 14.75%. And this is not the first time this year that the controversial boss’s company has hit the roof. By the end of October, his fortune had jumped by 30 billion. He owes this to a 22% increase in Tesla shares.
An entrance to the White House
During his victory speech Tuesday night, Donald Trump was full of praise for the South African businessman. “A star is born: Elon,” the Republican candidate declared in a lengthy tribute, before concluding, “that’s why I love you, Elon.”
It seems that their passionate relationship is not about to stop there. Indeed, Donald Trump strongly suggests that there is a place for him in the White House: “Elon Musk, we would be delighted to have him in our administration. We are very inclusive,” he declared Tuesday evening. American media such as the ” New York Post ” anticipate Elon Musk as a close advisor to Donald Trump, with a very influential role on space and commercial issues.
US National Highway Traffic Safety Administration NHTSA
Elon Musk, will gain enormous influence from the election of Donald Trump, A former senior SpaceX employee, speaking on condition of anonymity, told the agency that Musk sees the Trump administration as a means to get rid of the many regulations that prevent him from doing whatever he wants.
Musk hopes to force the US National Highway Traffic Safety Administration NHTSA to stop enforcing Tesla’s current driver assistance system “Autopilot†within four years.
The agency’s source claims that the billionaire would also like to achieve the adoption of decisions necessary for the development of autonomous vehicles and “robotaxis†designed by Tesla.
