Elon Musk’s wealth hits record $469 billion on post-election boom

Quick Summary:

His fortune - the majority in Tesla stock and options - has jumped 35 per cent since the day before the US election.

Trump also reportedly favours eliminating electric vehicle tax credits of up to US$7,500 and cutting emissions regulations that were rolled out by President Joe Biden’s administration.

The stock is up 45 per cent since Nov.4, the day before the election, adding about US$350 billion in market value.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUnited States

Topics: Musk Tesla Musk’s Billion Election Value Trump Federal Cent Self-driving Trump’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 08:39:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 549 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23807632

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