Elon Musk’s Net Worth Hits Record High Thanks To Post-Election Windfall | Forbes Topline

Elon Musk's net worth reached a record high of $330.3 billion, surpassing his previous peak due to a post-election surge in Tesla's stock price. Musk's close relationship with Donald Trump and the anticipation of fewer regulations under a Trump presidency are considered key factors contributing to Tesla's increased valuation and Musk's wealth. Despite this surge, Tesla's stock remains below its all-time high, and Musk's fortune is primarily derived from his stakes in Tesla and SpaceX.

Tesla Stock Surge

• 00:00:14 Tesla's stock price significantly increased after the election of Donald Trump, a close ally of Elon Musk. This surge is attributed to the expectation of fewer regulations on Tesla's controversial full self-driving programs under a Trump administration. Analysts generally view this as positive for Tesla's future, leading to a substantial increase in the company's valuation and contributing to Musk's record-breaking wealth.

Musk's Net Worth

• 00:00:00 Elon Musk's net worth has reached a record high of $330.3 billion, exceeding his previous peak set in 2021. His wealth is largely derived from his 42% stake in SpaceX, valued at $88 billion, and his 60% stake in the AI company xAI. The post-election surge in Tesla's stock price contributed significantly to this record high, although Tesla's stock remains slightly below its all-time high.