By John Obi
American Billionaire and Tesla and X owner, Elon Musk, has become richer by about $13 billion hours after Donald Trump, won the United States presidential election.
CNN reports that investors Wednesday said Trump’s win will also be a win for Musk’s major public holding, Tesla (TSLA), sending shares of his electric vehicle maker up 13% at the market open.
The development lifted the value of the 411 million shares of Tesla that Musk owns outright by more than $13 billion, which works out to a better than a 11,000% return on the $119 million he donated to Trump.
Musk,a strong ally of Trump not only donated generously to Trump’s election but supported him through his campaign rallies and featured Trump’s candidacy on his platform X.
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