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The Trump-bet payed off big time, as Elon became of the firsts to hit a mind boggling $400 billion in net worth.
Why it matters: not that he needed the extra bills, but the turnaround speaks volumes about the shift in political and financial tides from just a few years ago.
In 2022, burdened with an expensive Twitter purchase, blocked from receiving his Tesla compensation, and snubbed by the Biden admin, things weren’t always this rosy for Musk.
What’s powering it: since election night, Tesla stock is up over 75%, on hopes that Trump dismantles autonomy regulation and allows robotaxis to take over America. Also, SpaceX recently raised at a $350 billion valuation.
Zoom out: this rise would put Musk in line with Rockefeller, who at one point was worth 1.5% of the U.S. GDP.
