Elon Musk's Trump windfall
Published On Jan 9, 2025, 6:00 AM
Elon Musk saw substantial gains after the recent elections, significantly benefiting from a resurgence in Tesla's stock price. Tesla's stock rose sharply after the election, contributing to a major increase in Musk's wealth by over $100 billion by the end of 2024, coinciding with his increasingly public alignment with Donald Trump. This surge impacted not only Musk but also many investors tied to Tesla and the broader market, particularly those in S&P 500 index funds. Despite concerns over Tesla's sales declines, the stock remains a focal point for investors looking at its future performance amid fluctuating market conditions.
Stock Forecasts
TSLA
Positive
Musk's association with Trump and the continued interest in electric vehicles may spur Tesla's stock further, despite current sales challenges. The stock could rebound as market enthusiasm for clean energy and EV technologies persists even against dips in sales.
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