Elon Musk's net worth rises by $21 billion after Trump's election win
Elon Musk's net worth increased by $20.9 billion to $285.6 billion after Donald Trump's presidential election win. This rise reflects investor optimism about potential business-friendly policies that could benefit Tesla and challenge smaller electric vehicle competitors. Tesla's stock jumped 14.8% following the election results, while shares of rival electric vehicle makers fell. Analysts suggest that Trump's administration may create a favorable environment for Tesla, particularly with proposed tariffs on Chinese imports. Other tech billionaires, including Jeff Bezos and Larry Ellison, also saw significant increases in their wealth. This trend indicates a broader boost in the tech sector as investors react to Trump's return to office.