Elon Musk sells nearly $7 billion worth of Tesla shares
2 years, 5 months ago

Elon Musk sells nearly $7 billion worth of Tesla shares

Deccan Chronicle  

WASHINGTON: Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal. "In the event that Twitter forces this deal to close and some equity partners don't come through, it is important to avoid an emergency sale of Tesla stock," Musk, the world's richest man wrote on Twitter late Tuesday. Musk has filed a countersuit, accusing Twitter of fraud and alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout. The move comes after Musk sold around $8.5 billion worth of shares in the electric carmaker in April as he was preparing to finance the Twitter deal.

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History of this topic

Tesla CEO Elon Musk donates shares worth $100 million to charities
5 days, 3 hours ago

Tesla CEO Elon Musk donates shares worth $100 million to charities

Live Mint  

Tesla CEO Elon Musk donated 268,000 Tesla shares to undisclosed charities shortly before the new year, as per regulatory filing. In 2022, he donated Tesla shares worth $1.95 billion, and in 2021, he contributed approximately $5.74 billion to the Musk Foundation, his nonprofit organization. According to the filing with the Securities and Exchange Commission, the shares were donated as part …

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers
6 days, 20 hours ago

Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers

Hindustan Times  

For the first time since 2011, Elon Musk's electric vehicle, Tesla, saw its sales drop by 1.1% in 2024, news agency Associated Press reported, citing the company's sales figures. Tesla CEO and X owner Elon Musk listens as US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC, U.S. on November …

Elon Musk's Tesla sees first annual sales decline: 1.1% drop in 2024
1 week ago

Elon Musk's Tesla sees first annual sales decline: 1.1% drop in 2024

India Today  

For the first time since 2011, Tesla on Thursday reported an annual decline in global vehicle sales, sinking a stock that has soared since Donald Trump’s victory. Tesla’s global vehicle sales rose 2.3% in the final quarter thanks to 0% financing, free charging and low-priced leases. The year-over-year global sales drop is Tesla’s first since 2011, according to figures from …

Elon Musk’s ‘Move Fast and Break Things’ Attitude Clashes with Washington
2 weeks, 3 days ago

Elon Musk’s ‘Move Fast and Break Things’ Attitude Clashes with Washington

Politico  

The billionaire tapped by Trump to co-chair the commission dubbed the “Department of Government Efficiency” embodies the Silicon Valley ethos of “move fast and break things,” more so even than Facebook founder Mark Zuckerberg, who made the motto famous in the first place. The SpaceX founder’s freewheeling, “if things are not failing, you are not innovating enough” approach — which …

Why Elon Musk should get every cent of his $56bn Tesla pay package
3 weeks, 2 days ago

Why Elon Musk should get every cent of his $56bn Tesla pay package

The Independent  

The moment my children became interested in the US election was not when Taylor Swift declared her support for Kamala Harris, it was when Elon Musk appeared alongside Donald Trump. Elon Musk helped to get Donald Trump re-elected So, when judge Kathaleen McCormick in the Delaware court of chancery found against Musk in January, there was widespread harrumphing and nodding: …

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
3 weeks, 3 days ago

Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musks’s wealth has …

Elon Musk’s net worth reaches historic peak. What is it?
3 weeks, 5 days ago

Elon Musk’s net worth reaches historic peak. What is it?

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The world’s richest person became even richer Wednesday …

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases
3 weeks, 6 days ago

Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases

Associated Press  

DETROIT — Elon Musk says the Securities and Exchange Commission wants him to pay a penalty or face charges involving what he disclosed — or failed to disclose — about his purchases of Twitter stock before he bought the social media platform in 2022. In a letter posted by Musk on the platform now called X, his lawyer Alex Spiro …

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
4 weeks ago

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

CNN  

New York CNN — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial …

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how
4 weeks ago

Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how

India Today  

Elon Musk, the world’s richest man, said that Microsoft co-founder Bill Gates could face bankruptcy under certain circumstances involving Tesla, the electric vehicle company Musk leads. Musk wrote on X, “If Tesla does become the world’s most valuable company by far, that short position will bankrupt even Bill Gates.” This comment has reignited their long-standing feud over Gates’ alleged short …

Elon Musk’s net worth reaches historic peak. What is it?
Trending News
4 weeks, 1 day ago

Elon Musk’s net worth reaches historic peak. What is it?

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The world’s richest person became even richer Wednesday …

Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale
4 weeks, 1 day ago

Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale

Live Mint  

Elon Musk Net Worth: Elon Musk has made history by becoming the first individual to surpass a staggering net worth of $400 billion, according to the Bloomberg Billionaires Index. Elon Musk's net worth soared to an impressive $439.2 billion As Tesla shares hit a new high Wednesday, according to Bloomberg. Trump's Win and Musk's Stock Market Impact Elon Musk's $400 …

Elon Musk becomes first person to cross $400 billion in wealth
4 weeks, 1 day ago

Elon Musk becomes first person to cross $400 billion in wealth

India Today  

Elon Musk, the founder of SpaceX and CEO of Tesla, has become the first person in history to reach a net worth of $400 billion, according to the Bloomberg Billionaires Index. A recent insider share sale at SpaceX played a huge role in boosting Musk’s net worth, reported Bloomberg. Musk’s net worth surged to $447 billion, driven by both the …

Elon Musk becomes first person in history with $400 billion net worth
4 weeks, 1 day ago

Elon Musk becomes first person in history with $400 billion net worth

Hindustan Times  

SpaceX and Tesla CEO, Elon Musk, has become the first person in history to reach $400 billion in net worth, after a recent insider share sale as well as the recent US elections results, reported Bloomberg. Elon Musk, CEO of SpaceX and Tesla, has become the first person in history to have a net worth of $400 billion According to …

Elon Musk becomes the first person on earth to reach a net worth of $400 billion
4 weeks, 2 days ago

Elon Musk becomes the first person on earth to reach a net worth of $400 billion

CNN  

New York CNN — The richest person in the world just hit an even higher milestone. Elon Musk’s net worth has reached $400 billion, according to Bloomberg, making him the first person ever to cross that mark. Behind his nearly $20 billion jump in wealth was a deal that shot up Musk’s rocket company SpaceX’s valuation to roughly $350 billion, …

What’s next in the legal battle over Elon Musk’s $100 billion pay deal
1 month ago

What’s next in the legal battle over Elon Musk’s $100 billion pay deal

Live Mint  

Elon Musk’s record-breaking Tesla compensation package has hit another roadblock, after a Delaware judge on Monday again rejected the pay deal, now worth nearly $100 billion. The company hadn’t sought to renegotiate a pay deal with Musk, which the board of directors identified as a risk to Tesla. If an appeal fails, board directors could craft a fresh compensation package …

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know
1 month ago

Elon Musk’s multibillion-dollar pay package is rejected for a second time. What to know

LA Times  

A Delaware judge rejected Tesla Chief Executive Elon Musk’s multibillion-dollar pay package for a second time, writing in her opinion this week that the company’s approval process for the package was “deeply flawed.” Tesla shareholders approved the compensation plan in 2018, which was once valued at $56 billion but fluctuates dramatically with Tesla’s stock price. Business Tesla shareholders strongly support …

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?
1 month ago

A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?

Associated Press  

DETROIT — For a second time, a Delaware judge has nullified a pay package that Tesla had awarded its CEO, Elon Musk, that once was valued at $56 billion. The judge ruled then that Musk effectively controlled Tesla’s board and had engineered the outsize pay package during sham negotiations. In her 103-page opinion, she ruled that under Delaware law, Tesla’s …

Elon Musk's SpaceX planning to sell insider shares to boost value to $350 billion
1 month ago

Elon Musk's SpaceX planning to sell insider shares to boost value to $350 billion

Firstpost  

With an estimated valuation of $255 billion, SpaceX is already the most valuable private startup in the world. The potential sale would boost SpaceX’s valuation over $350 billion, which would place SpaceX among giants in the aerospace and technology sectors The potential valuation of $350 billion would put SpaceX on par with some of the largest publicly traded companies globally. …

Musk's $55.8 bn Tesla pay deal again rejected by US judge
1 month, 1 week ago

Musk's $55.8 bn Tesla pay deal again rejected by US judge

Deccan Chronicle  

Washington: A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. In a court filing, Chancellor Kathaleen McCormick of Delaware's Court of Chancery ruled that Tesla's attempt to ratify Musk's compensation package through a June shareholder vote could not …

SpaceX weighs tender offer at roughly $350 billion valuation
1 month, 1 week ago

SpaceX weighs tender offer at roughly $350 billion valuation

Live Mint  

SpaceX is in discussions to sell insider shares that could boost the value of Elon Musk’s rocket and satellite company to around $350 billion, according to people familiar with the matter. The so-called tender or secondary offering, through which employees and some early shareholders can sell shares, provides investors in the closely held SpaceX a way to generate liquidity amid …

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’
1 month, 1 week ago

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’

Live Mint  

A US district judge has rejected Tesla chief Elon Musk's extravagant $56 billion pay package for a second time, according to a Bloomberg report. It added that Delaware Chancery Court Judge Kathaleen St. J. McCormick made the ruling on December 2, making it the second time that she has ruled against the same excessive pay package for Musk. Musk’s record-setting …

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package
1 month, 1 week ago

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package

Hindustan Times  

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. A US court denied an attempt to reinstate the pay contract through a shareholder vote on Monday, upholding her judgement to reject Elon Musk's enormous $55.8 billion compensation package …

What is next for Musk after judge rules against him in Tesla pay case?
1 month, 1 week ago

What is next for Musk after judge rules against him in Tesla pay case?

Live Mint  

By Tom Hals WILMINGTON, Delaware, - Tesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO's pay deal by the company's shareholders, a Delaware judge ruled on Monday. TESLA COULD PEAL THE RULING Musk and Tesla's board could appeal and try to reverse the ruling at the Delaware Supreme Court, a process …

Elon Musk loses $56 billion pay package in latest court ruling
1 month, 1 week ago

Elon Musk loses $56 billion pay package in latest court ruling

Salon  

A Delaware judge on Monday denied Tesla CEO Elon Musk his $58 billion pay plan, upholding her prior ruling that it was improperly granted. Judge Kathaleen McCormick, who ruled to void Musk’s pay package in January, said they only way the pay package could have been approved was due to Musk’s unilateral “control” over Tesla. Related Why tech billionaires dress …

Elon Musk's $56 billion Tesla pay rejected by US court again
1 month, 1 week ago

Elon Musk's $56 billion Tesla pay rejected by US court again

India Today  

Tesla CEO Elon Musk has faced yet another setback as a Delaware court rejected his $56 billion pay package for the second time, reported news agency Reuters. THE COURT’S DECISION Chancellor McCormick maintained that Tesla’s attempt to reinstate Musk’s pay package through a shareholder vote was not legally valid. The court also ruled that Musk improperly influenced Tesla’s 2018 board …

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
1 month, 1 week ago

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again

CNN  

CNN — Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock options. At the time, McCormick ruled in favor of …

Investors who backed Elon Musk's Twitter buy awarded 25% of xAI shares
1 month, 1 week ago

Investors who backed Elon Musk's Twitter buy awarded 25% of xAI shares

Hindustan Times  

The investors who backed Elon Musk's takeover of social media platform X will see huge gains after a surge in the valuation of xAI, its artificial intelligence company. Yes or No?” This is because Musk gave 25% of of xAI's shares to those same investors who backed his $44 billion acquisition of Twitter. These investors include Fidelity, Oracle co-founder Larry …

Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale
Trending News
1 month, 2 weeks ago

Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale

Live Mint  

Can Elon Musk make a run at acquiring MSNBC? Musk, who hasn’t been shy about his criticisms of MSNBC, calling the network “utter scum of the Earth," fueled that story line in an exchange on X, the social-media platform he owns. “We are looking forward to the planned spin of our cable networks, which will create a new company owned …

‘How much does it cost?’: Elon Musk hints at buying MSNBC as Donald Trump Jr suggests ‘funniest idea ever’
1 month, 2 weeks ago

‘How much does it cost?’: Elon Musk hints at buying MSNBC as Donald Trump Jr suggests ‘funniest idea ever’

Hindustan Times  

Elon Musk, the Tesla CEO and SpaceX, has hinted that he might be considering purchasing MSNBC, a leftist cable news network. Elon Musk, the richest man in the world inquired, “How much does it cost?”, hinting at his plans to buy MSNBC. The richest man in the world inquired, “How much does it cost?” “The most entertaining outcome, especially if …

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion
1 month, 2 weeks ago

Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion

Live Mint  

The richest man in the world, Elon Musk, has gotten richer by another $80 billion compared to second richest person and Oracle chairman Larry Ellison, according to a Forbes report. Overall, the tech mogul added $7 billion to his net worth to reach $334.3 billion at market close on November 22, 2024 — much of the boost coming from Tesla, …

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’
Top News
1 month, 2 weeks ago

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’

Live Mint  

A heated exchange erupted between tech billionaires Elon Musk and Jeff Bezos after Musk accused Bezos of advising people to sell Tesla and SpaceX stock, claiming Donald Trump would lose the US presidential election. The Amazon founder swiftly denied the allegations in a rare post on X, calling them “100% not true.” Musk’s Accusations Musk, known for his outspoken social …

Elon Musk, world's richest person just got richer; his net worth shoots up $70 billion after Trump's election win
1 month, 2 weeks ago

Elon Musk, world's richest person just got richer; his net worth shoots up $70 billion after Trump's election win

Firstpost  

Elon Musk current net worth is $334.2 billion, officially making him the world’s richest person. His wealth grew by about $70 billion since Donald Trump’s win in the 2024 US Presidential election, driven by a 40 per cent surge in Tesla shares Elon Musk has now officially become the wealthiest person in history with a net worth of $334.2 billion. …

Jeff Bezos responds to Elon Musk’s accusations in rare X post. What Amazon billionaire said
1 month, 2 weeks ago

Jeff Bezos responds to Elon Musk’s accusations in rare X post. What Amazon billionaire said

Hindustan Times  

Elon Musk recently accused Jeff Bezos of asking people to sell Tesla and SpaceX stock while claiming that Donald Trump would certainly lose the election. Elon Musk vs Jeff Bezos Tesla CEO Elon Musk was one of Donald Trump’s most vocal and visible campaigners during the run-up to the US presidential election. Musk, however, has accused fellow billionaire Jeff Bezos …

Elon Musk is officially the richest he's ever been with a $70 billion jump in net worth post-Trump's win
1 month, 2 weeks ago

Elon Musk is officially the richest he's ever been with a $70 billion jump in net worth post-Trump's win

Hindustan Times  

Elon Musk just can’t seem to stop breaking his own records. With a $70 billion boost to his net worth following Donald Trump’s win, Musk is now officially richer than anyone could have predicted—again. FILE - Tesla and SpaceX CEO Elon Musk, left, and President-elect Donald Trump attend a campaign event at the Butler Farm Show on Oct. 5, 2024, …

Elon Musk gets even richer after wealth hits all-time high post Trump win
1 month, 2 weeks ago

Elon Musk gets even richer after wealth hits all-time high post Trump win

India Today  

Elon Musk, the CEO of Tesla and SpaceX, has reached a new milestone in wealth, becoming the richest he has ever been. Following a surge in the stock prices of his companies and the growing valuation of his ventures, Musk’s net worth has climbed to an all-time high of $334.3 billion, according to Forbes. TESLA STOCK BOOSTS MUSK'S WEALTH The …

"How much does it cost?": Musk jokes about buying MSNBC from Comcast
Trending News
1 month, 2 weeks ago

"How much does it cost?": Musk jokes about buying MSNBC from Comcast

Salon  

Elon Musk joked that he was mulling a purchase of liberal-leaning cable news network MSNBC in a post to X on Friday. Musk chimed in about the potential sale of the Trump-averse network after being alerted to it on X, a social media company he also owns, by Donald Trump Jr. Trump Jr. pitched a purchase to Musk as the …

Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'
1 month, 2 weeks ago

Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'

India Today  

The rivalry between Tesla and SpaceX CEO Elon Musk and Amazon founder Jeff Bezos has once again come into the spotlight. Musk recently claimed on social media platform X, formerly Twitter, that Bezos had advised people to sell their Tesla and SpaceX shares, predicting Donald Trump's electoral defeat. In a post on X, Musk wrote, "Just learned tonight at Mar-a-Lago …

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why
1 month, 4 weeks ago

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why

Firstpost  

In the trading days since the 2024 US Presidential election, Tesla stocks, all together, surged past 40 per cent, adding more than $300 billion in market capitalisation An unstoppable rally is seen in Tesla stocks as investors continue to bet big after Donald Trump wins the 2024 US Presidential election as they feel it would bring windfalls to the Elon …

Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years
2 months ago

Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years

Hindustan Times  

American billionaire Elon Musk's net worth on Friday surpassed $300 billion for the first time in three years, aided by the surge in the value of his company, Tesla, since the results of the US presidential election, news agency Reuters reported. Tesla CEO and X owner Elon Musk, who supports Republican presidential nominee former U.S. President Donald Trump, gestures as …

Elon Musk’s net worth crosses $300 billion post Tesla’s 30 percent share surge
2 months ago

Elon Musk’s net worth crosses $300 billion post Tesla’s 30 percent share surge

Live Mint  

In the past five days after Republican candidate Donald Trump’s victory in the US presidential election, Tesla CEO Elon Musk's net worth crossed the $300 billion mark and his automaker’s shares skyrocketed over 30 per cent, according to Forbes’ Real-Time Billionaires list. Other billionaires and their wealth: According to the Forbes’ Real-Time Billionaires list, after Musk, Oracle’s Larry Ellison is …

Elon Musk’s net worth tops $300 billion in wake of Trump victory
2 months ago

Elon Musk’s net worth tops $300 billion in wake of Trump victory

Deccan Chronicle  

Elon Musk’s net worth has surpassed $300 billion for the first time in almost three years, as shares of Tesla Inc. soar on bets that his close ties with President-elect Donald Trump will bolster the company.Musk has added more to his personal fortune since Trump’s win than anyone else tracked by the Bloomberg Billionaires Index. Trump also voiced support for …

Elon Musk's Tesla hits $1 trillion market value after Trump win
2 months ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Elon Musk’s net worth soars by $26 billion to hit $290 billion after Donald Trump’s presidential win
2 months ago

Elon Musk’s net worth soars by $26 billion to hit $290 billion after Donald Trump’s presidential win

Live Mint  

Tesla CEO Elon Musk’s wealth surged by $26.5 billion, over 12 per cent, to reach $290 billion shortly after Donald Trump secured a landslide victory in the US presidential election. According to the latest data from the Bloomberg Billionaire Index, Musk’s net worth jumped immediately on Wednesday, November 6, after the electoral victory of the Republican candidate. Elon Musk has …

Elon Musk's net worth rises $26 billion in a day after Donald Trump's election victory
2 months ago

Elon Musk's net worth rises $26 billion in a day after Donald Trump's election victory

India Today  

Elon Musk’s net worth soared by a staggering $26 billion after Donald Trump’s recent victory in the US presidential election ignited a rally in Tesla shares. Musk, the world's wealthiest individual and an ardent supporter of Donald Trump became a focal point during Trump’s victory rally in Florida. Trump praised Musk in front of a massive crowd, hailing him as …

Elon Musk's net worth reaches close to 300 billion USD after Trump's win in US presidential elections
2 months ago

Elon Musk's net worth reaches close to 300 billion USD after Trump's win in US presidential elections

India TV News  

Elon Musk's net worth surge: Elon Musk's net worth has reached close to 300 billion USD after shares of Tesla soared Wednesday following an election that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race. Donald Trump, who won the US presidential …

Elon Musk's big bet on the US election has paid off, now it's time for 'hardcore reform' of US
Trending News
2 months ago

Elon Musk's big bet on the US election has paid off, now it's time for 'hardcore reform' of US

Firstpost  

Elon Musk, after heavily backing Trump’s campaign, is set to lead a new government efficiency department in a Trump administration, promising drastic spending cuts and restructuring using his aggressive business style Representational Image.discussed setting up manufacturing facilities in Vietnam and sought advice on protecting intellectual property. Reuters Elon Musk, the world’s richest man, is positioned to have sweeping powers in …

Elon Musk's net worth surges by over $16 billion after Trump win
Trending News
2 months ago

Elon Musk's net worth surges by over $16 billion after Trump win

Raw Story  

Donald Trump's victory in the 2024 presidential election sent shares of Tesla surging as much as 15% Wednesday, propelled by CEO Elon Musk's prominent role in the Republican's White House campaign and expectations that the company will benefit from proposed tax cuts and a deregulatory blitz. Dan Ives, an analyst at Wedbush Securities, wrote in a note to clients Wednesday …

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company
2 months ago

Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

Associated Press  

NEW YORK — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House. Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. …

Trump's victory speech praise for Musk 'makes Elon $15 BILLION': Tesla shares soar after Donald hails 'genius'
Trending News
2 months ago

Trump's victory speech praise for Musk 'makes Elon $15 BILLION': Tesla shares soar after Donald hails 'genius'

Daily Mail  

Elon Musk's wealth is set to rise by around $15billion as Tesla shares soared amid Donald Trump's election victory. Elon Musk and Donald Trump pictured at a rally together in Butler, Pennsylvania, on October 5 President Donald Trump takes the stage to address supporters at his rally on November 6 Investors welcomed the prospect of a Trump victory as Wall …

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