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Elon Musk's Wealth Soars $40 Billion with Trump's Election, Gains Influence Amid Tesla Pollution Violations

Nov 25, 2024, 12:07 PM

Elon Musk's financial support for Donald Trump's campaign has significantly boosted his personal wealth. With Trump's election, Musk's SpaceX saw its valuation soar to unprecedented heights, promising a bright future for his space ambitions. Additionally, Tesla's stock price surged, adding approximately $40 billion to Musk's fortune, a return on the $100 million he spent on Trump's campaign. In return, Musk has gained considerable influence, being tapped to lead efforts to reduce government spending and deregulate industries under Trump's administration. However, this comes at a time when Tesla has faced scrutiny for pollution violations, raising questions about Musk's regulatory approach.