VTV.vn - Billionaire Elon Musk's net worth has increased by approximately $70 billion after the share price of electric vehicle manufacturer Tesla surged.
Since the US presidential election on November 5th, Tesla's stock has risen approximately 39% to $350 per share, pushing the company's market capitalization past the $1 trillion mark. According to Forbes, this increase has boosted Musk's net worth to an estimated $320 billion, nearly $90 billion more than the world's second richest person, Larry Ellison, founder of Oracle. Ellison's wealth also increased by about $20 billion thanks to a 10% rise in Oracle stock during the same period. According to the latest filings with regulators, billionaire Musk holds a significant stake in Tesla, owning 411.06 million shares and approximately 304 million performance-based options. In January of this year, a Delaware Chancery Court judge rejected Musk's compensation package from 2018, which included these options. Shareholders subsequently voted to re-approve the bonus package in June. The court said a final ruling on the matter would be issued soon. Gene Munster, an analyst at Deepwater Asset Management, believes Tesla's recent surge in stock is due to growing investor confidence in the company's potential in other areas, such as robotics. Munster also suggested that, in addition to Tesla, SpaceX, a rocket and spacecraft manufacturer, and xAI, an artificial intelligence modeling company, are also "clear beneficiaries" of the 2024 US presidential election.
Elon Musk 's presence alongside Trump on election night (November 5th) marked an unprecedented turning point, as the world's richest billionaire declared he would fully shift his focus to American politics . Since endorsing Trump in July 2024, Elon Musk has become a prominent force in the conservative political movement. Notably, Musk was present with Trump when many world leaders called to congratulate the US president-elect. CNN, citing a source familiar with the matter, reported that Musk was with Trump when Ukrainian President Zelensky called to offer congratulations. Trump put the call on speakerphone so Musk could follow the conversation, and Zelensky thanked the billionaire for helping provide communications for the Ukrainian military via the Starlink satellite internet service. As someone close to Trump, Musk's opinions on personnel selection are believed to carry significant influence. The CEO of SpaceX and Tesla even expressed his preference for certain roles. Elon Musk endorsed Senator Rick Scott of Florida after the Republican supported Trump's suggestion that anyone running for Senate Majority Leader must endorse his nominees for key cabinet positions. Analysts believe this is a way for Trump to mitigate opposition from Democrats in the Senate. Elon Musk is not only close to Trump but also to Howard Lutnick, CEO of the financial services firm Cantor Fitzgerald, who is currently in charge of personnel during the Trump team's transition. Many sources indicate that Trump has a strong preference for Elon Musk. "We must protect the geniuses of this nation because there are very few like them," Trump emphasized in his victory speech on November 5th. Elon Musk may not hold an official position in the Trump administration, but the American tech billionaire still has enormous access and the ability to influence things from the outside.
vtv.vn
Source: https://vtv.vn/the-gioi/hau-bau-cu-tong-thong-my-khoi-tai-san-cua-ty-phu-elon-musk-len-dinh-cao-moi-20241112141553498.htm
![[Photo] Prime Minister Pham Minh Chinh holds a phone call with the CEO of Russia's Rosatom Corporation.](/_next/image?url=https%3A%2F%2Fvphoto.vietnam.vn%2Fthumb%2F1200x675%2Fvietnam%2Fresource%2FIMAGE%2F2025%2F12%2F11%2F1765464552365_dsc-5295-jpg.webp&w=3840&q=75)
Comment (0)