Musk Bets on Trump, Tesla Stock Soars, Adding 150 Billion to His Wealth in a Day

Source:胡润百富公众号
Author:胡润百富
IssueTime:2024-11-20

In the early hours of November 6, Trump officially declared victory in the 2024 presidential election. This historic moment not only marks the Republican Party's return to the presidency but could also signify a significant shift in the U.S. political landscape.

The Dust Settles on the 2024 U.S. Presidential Election: Elon Musk Emerges a Clear Winner

 

The outcome of the 2024 U.S. presidential election is now final, with Elon Musk, the world's richest individual, standing out as one of the most notable beneficiaries. Following Donald Trump's victory, Tesla's stock soared like a rocket, significantly boosting Musk's wealth and further solidifying his dominance on the global rich list. According to official results, Republican candidate and former President Donald Trump defeated Democratic candidate Kamala Harris with a commanding 277 electoral votes compared to Harris's 226, surpassing the 270-vote threshold required to clinch the presidency.

 

 

In the early hours of November 6, Trump officially declared victory in the 2024 presidential election. This historic moment not only marks the Republican Party's return to the presidency but could also signify a significant shift in the U.S. political landscape.

 

Elon Musk's Key Role in Trump's Campaign

 

Among the central figures in this election was Elon Musk, CEO of Tesla and founder of SpaceX. As a prominent business magnate, Musk threw his full support behind Trump. At a Trump rally in Pennsylvania, Musk announced a surprising initiative: he would reward $1 million daily to individuals who signed a petition supporting Trump’s campaign. This extraordinary gesture undeniably boosted Trump's campaign efforts. With Trump's eventual victory, Musk and other supporters are poised to reap substantial benefits. The election outcome not only ensures Republican leadership in shaping America's future political direction but also hints at potential new opportunities and challenges in technology, economics, and other sectors.

 

A Historic Rally in U.S. Stock Markets

On November 6, U.S. stock markets experienced an unprecedented surge, with all three major indices reaching record highs. Tesla's stock, in particular, stood out, soaring by an astounding 14.75% and breaking records set in July 2023.

 

The market rally significantly boosted Tesla's valuation, contributing to a massive increase in Musk's wealth. Estimates suggest that Musk's net worth skyrocketed by over $20 billion (approximately 150 billion yuan) in just one day, reinforcing his leading position on the global billionaire rankings.

 

 

Tesla's stock surge is closely tied to Trump's victory. During the campaign, Musk donated more than $130 million to support Trump and frequently voiced his backing for the Republican Party and Trump on social media. These efforts undoubtedly set the stage for Tesla's stock price to soar.

 

Following Trump's victory, Musk expressed his excitement on Twitter, stating, "The future looks very bright!" Trump reciprocated during his victory speech, praising Musk's achievements, including SpaceX's successful rocket launches and Starlink's contributions to disaster communication. Trump lauded Musk as a "special individual" and a "super genius."

 

Analysts believe Trump's presidency could offer Tesla a competitive edge in the electric vehicle industry. Potential adjustments to electric vehicle tax credits under the Trump administration could make Tesla even more competitive with its advanced technology and strong brand influence. This forecast paints a promising picture for Tesla and Musk's future.

 

A Strategic Partnership in the Spotlight

 

With the market euphoria and Tesla’s stock surge, the close relationship between Musk and Trump has again captured public attention. Their collaboration opens new opportunities for Tesla’s growth and inspires global investors with a sense of boundless possibilities.

 

Tech Titans and Trump: A Stormy Political Saga

 

The 2024 U.S. election also brought renewed attention to two other tech magnates, Mark Zuckerberg and Bill Gates, whose names remain intertwined with Trump in a complex web of political dynamics. The underlying stories are far more intricate and compelling than they might initially appear.

 

Zuckerberg: From Ally to Adversary

 

Mark Zuckerberg, the founder of Facebook, had a complicated history with Trump dating back to Trump's presidency. Once a favored figure in the White House, Zuckerberg's relationship with Trump gradually soured over time. In 2020, Trump's controversial and incendiary posts on social media prompted Zuckerberg to impose restrictions on his account, a move that deeply angered Trump, who accused Zuckerberg of betrayal.

 

 

Adding fuel to the fire, rumors circulated that Zuckerberg had invested significant sums in supporting Joe Biden during the 2020 election, allegedly to unseat Trump. These allegations further escalated tensions, making Zuckerberg one of Trump's staunchest political adversaries.

 

With Trump's re-election, he has vowed to crack down on those he perceives as election manipulators. Zuckerberg, branded an "enemy" by Trump, has been the target of repeated threats on social media, with Trump proclaiming his intention to see Zuckerberg jailed. While the feasibility of such actions remains uncertain under the rule of law, Trump's hostility toward Zuckerberg is apparent.

 

Gates: Diverging Worldviews

 

In contrast, Bill Gates's disagreements with Trump stem more from ideological divides than personal conflict. As an ardent advocate of globalization, Gates has long championed its economic and technological benefits for society. Trump, however, has consistently promoted his "America First" policy, arguing that globalization harms American workers and industries. These opposing views have kept the two figures at odds.

 

During the 2024 election, Gates reportedly donated $50 million to support Kamala Harris's campaign, further intensifying his political opposition to Trump. In response, Trump accused Gates of funding "the enemy" and reiterated his threats to prosecute Gates alongside Zuckerberg.

 

 

The Road Ahead: Legal Hurdles and Political Drama

 

Despite Trump's fiery rhetoric, the practicality of his threats remains to be seen. The U.S. is governed by the rule of law, and any legal actions against Zuckerberg or Gates would require substantial evidence and legal justification. Nonetheless, the turbulent dynamics between Trump and these tech leaders have become a focal point of political intrigue during the 2024 election cycle.

 

As the dust settles, the evolving relationship between Trump, Musk, and other tech leaders promises to shape American politics and business trajectory for years to come. Whether marked by collaboration or conflict, this convergence of politics and technology remains a spectacle that captivates the world.