Elon Musk's net worth surges following Donald Trump's election win
General News,Wealth,Elon Musk,Net Worth,Donald Trump,2024 Presidential Election
From the Right
AllSides Media Bias Rating: Lean Right
Tesla CEO Elon Musk’s net worth rose billions of dollars on Wednesday as investors reacted to President-elect Trump winning the election, according to Forbes.
Trump, whom Musk has actively supported, was declared the winner overnight, beating Vice President Kamala Harris.
The stock price for Tesla, which the billionaire CEO has a 13% holding in, has risen by a double-digit-percentage since the start of Wednesday trading.
Check for Bias
The AI-powered AllSides Bias Checker instantly reveals the bias of a news article. Tap the button to use.
Related Coverage
AllSides Picks
Headline Roundup
Report: Measles Outbreak in New Mexico Cost $5.4 Million
August 4th, 2026
Headline Roundup
Does the US Have Enough Long-Range Missiles to Continue the War in Iran?
August 4th, 2026
Recommended Reading
When the DSA Moment Has Arrived
Dan Schnur
August 3rd, 2026
The Insight
The Insight: What NYC's City-Run Grocery Stores Mean for America
AllSides Staff
July 31st, 2026