Indeed, Elon Musk’s wealth has exponentially increased due to the surge in Tesla’s stock. Whether this is directly connected to Trump’s victory is debatable as it’s influenced by a number of factors. One key driving force is Tesla’s sales growth; it has been delivering increasingly more vehicles, showcasing its scalability as an automaker. It’s also important to note that electric vehicles have been gaining popularity, and governments across the world are boosting incentives for EV, both of which have driven Tesla’s stock higher. Lastly, Tesla’s 5-for-1 stock split and its inclusion into the S&P 500 also contributed to the increase in Musk’s wealth.
