Elon Musk’s Net Worth Surges $20B with Tesla’s 12.7% Rally

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Elon Musk’s net worth soared by $20 billion following Donald Trump’s election win, largely due to Tesla’s stock jumping 12.7% to $283.24. Musk, Tesla’s largest shareholder with over 411 million shares, saw the automaker’s market value increase by $120 billion, pushing it above $900 billion for the first time since 2023. Trump praised Musk as a “super genius” during his victory speech. While Trump’s administration might cut EV incentives, it could also reduce competition and regulatory obstacles, potentially benefiting Tesla’s position in the market.