After the US presidential election, billionaire Elon Musk's assets reached a new peak.

VTV.vn - Billionaire Elon Musk's net worth has increased by about $70 billion after the stock price of electric car maker Tesla increased sharply.

Since the November 5 US presidential election, Tesla shares have risen about 39% to $350 a share, pushing the company's market capitalization past $1 trillion. According to Forbes, this increase has raised Mr. Musk's net worth to an estimated $320 billion, nearly $90 billion more than the world's second-richest person, Larry Ellison, founder of technology corporation Oracle. Mr. Ellison's fortune also increased by about $20 billion thanks to Oracle's stock rising 10% in the same period. According to the latest filing with the regulatory agency, billionaire Musk holds a large amount of Tesla shares, owning 411.06 million shares and about 304 million performance-based options. In January this year, a judge in the Delaware Chancery Court rejected Mr. Musk's compensation package from 2018, which included these options. Shareholders then voted to re-approve the package in June. The court said a final decision on the matter is expected soon. Deepwater Asset Management analyst Gene Munster attributed Tesla's recent stock surge to growing investor confidence in the company's potential in other areas, such as robotaxis. In addition to Tesla, rocket and spacecraft maker SpaceX and artificial intelligence company xAI are also "clear beneficiaries" of the 2024 US presidential election, Munster said.

Elon Musk 's presence at Trump's side on election night (November 5) marked an unprecedented turning point, as the world's richest billionaire announced that he would turn his vision to American politics in full. Since endorsing Trump in July 2024, Elon Musk has become a prominent force in the conservative political movement. Notably, Elon Musk was present with Trump when many world leaders called to congratulate the US president-elect. CNN quoted a source familiar with the matter as saying that Elon Musk was at Trump's side when Ukrainian President Zelensky called to congratulate him. Trump turned on the speakerphone so that Elon Musk could follow the content of the call and Zelensky thanked the billionaire for helping provide communications to the Ukrainian military through the Starlink satellite internet service. As someone close to Trump, billionaire Elon Musk's opinions on personnel selection are said to have great influence. The CEO of SpaceX and Tesla has even expressed his preference for certain roles. Elon Musk endorsed Florida Senator Rick Scott after the Republican backed Trump's proposal that anyone running for Senate leader must support the appointment of his nominees for key cabinet positions. Analysts say this is Trump's way of minimizing opposition from Democrats in the Senate. Billionaire Elon Musk is not only close to Trump but also to billionaire Howard Lutnick - CEO of financial services company Cantor Fitzgerald, who is currently in charge of human resources during the Trump team's transition to power. Many sources said that Trump has a lot of favoritism for Elon Musk. "We must protect the genius of this country because there are very few of them," Trump emphasized in his victory speech on November 5. 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 from the outside.

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