Can you believe it? Elon Musk’s net worth shot up by nearly 21 billion dollars in just one day!
What sparked this? Well, the Tesla chief, one of Trump’s biggest financial backers in this election, got a serious boost as Tesla’s stock shot up nearly 15%, closing at a record-breaking 288.53 dollars, its highest this year.Why the sudden surge?
Turns out, Musk wasn’t just rooting for Trump; he put serious money on the line.
Through America PAC, Musk helped fund Trump’s campaign with tens of millions and even backed 1 million dollars giveaways for registered voters in key swing states.
So here’s the question: Could Musk’s backing of Trump mean Tesla’s got a powerful ally in the White House? And how far can this partnership take Tesla’s stock?