Politics and Government
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Elon Musk shatters records: First person to cross $400 billion net worth as business and politics align


Published on 2024-12-12 04:00:38 - The Financial Express
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  • Tesla's stock has also soared by 65% since the election of Donald Trump, who has pledged to accelerate the rollout of self-driving vehicles and curtail tax credits benefiting Tesla's competitors.

Elon Musk has become the first person in history to amass a net worth exceeding $400 billion, largely due to a significant surge in Tesla's stock value. This milestone was reached as Tesla's shares soared, influenced by a combination of business successes and favorable political climates. Musk's wealth is predominantly tied to his stakes in Tesla and SpaceX, with Tesla's market performance being particularly volatile and responsive to broader economic conditions, regulatory news, and Musk's own public statements. The alignment of business achievements with supportive political environments has played a crucial role in this unprecedented financial ascent, highlighting the intricate relationship between market dynamics, corporate leadership, and political landscapes.

Read the Full The Financial Express Article at:
[ https://www.financialexpress.com/world-news/elon-musk-shatters-records-first-person-to-cross-400-billion-net-worth-as-business-and-politics-align/3689972/ ]
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