Elon Musk's Net Worth Soars as Tesla Stock Rises 14.75% After US Election

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Nov 06, 2024
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Following the U.S. presidential election where the candidate supported by Elon Musk was victorious, Tesla (TSLA, Financial) shares surged by 14.75%. This significant increase in stock value resulted in a substantial rise in Musk's personal net worth.

According to Forbes, Tesla's notable stock performance boosted Musk's wealth by $20.9 billion in a single day, raising his total assets to $285.6 billion. This remarkable increase further solidifies Musk's position as the world's wealthiest individual, significantly ahead of Jeff Bezos, who ranks second on the global list of billionaires.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.