Posted on 11/09/2024 5:06:12 AM PST by dennisw
The world's richest man keeps getting richer. Elon Musk’s net worth has hit a major milestone, surpassing $300 billion for the first time in nearly three years, Bloomberg reports.
The jump follows growing optimism that President-elect Donald Trump's administration would provide a favorable environment for Musk's businesses. For example, Trump has promised to ban self-driving Chinese electric vehicles, a key competitor for Musk's Tesla robotaxi.
As of the latest figures, Musk's wealth has climbed by $50 billion, reaching $313.7 billion, with much of this gain coming from Tesla's strong performance in the stock market this week. The company's shares have jumped 28% since Tuesday alone.
The president-elect’s comments about reconsidering his stance on green energy, alongside his open endorsement of Musk’s ventures such as SpaceX, have prompted investors to bet on an even brighter future for Tesla. Trump's embrace of Musk's vision, particularly his support for SpaceX's Mars ambitions and the possibility of Musk assuming a role in the administration has further fueled confidence.
Musk’s political backing of Trump has been substantial, with the Tesla CEO contributing over $130 million to Trump’s campaign and appearing at rallies in key battleground states. His vocal support for the former president has even extended to funding a controversial $1 million per day sweepstakes to engage voters, which has resulted in multiple legal issues.
For Musk, the stakes are high. A closer relationship with the Trump administration could mean looser regulations, faster government contracts, and an overall business climate more conducive to the success of his ventures, including Tesla’s push for autonomous vehicles and SpaceX’s space programs.
That has some speculating on the depth and longevity of the Musk-Trump relationship and how it could impact Musk's companies should things turn sour.
(Excerpt) Read more at msn.com ...
People worry about the soros pittance put into the election.
Our guy bought a 40 BILLION dollar company so that he could use it to help us win the election instead of the left.
That’s almost 7 times what soros is worth.
He’s almost 45 times wealthier than soros.
And he’s on our side
Who cares what value people have. Elon bought Twitter but Soros bought hundreds of prosecutors and judges.
Biden + evil Dems were putting up all kinds of roadblocks to Elon’s many business ventures. now this Tomfoolery is out, with Trump coming in.
This also makes up for the 42 Billion dollars that Elon spent to buy twitter
Truth Social stock is mostly up. This makes Trumps stake about $3.67 billion dollars.
Musk: "Yeah I need 10 Starship launch licenses this month."
FAA: "Ten?!? That will take months, and we'll need to do..."
Musk: "Do I need to call my close personal friend President Trump?"
FAA: "Uh...no sir, your licenses will be issued within the hour."
Well, maybe Musk can buy them back, giving them an offer they dare NOT refuse.
So, what? That’s not the situation right now.
Scare as Hell to think our system of government relies on the altruism of billionaires.
Can you imagine the stupid incompetent Dems trying to F up a very important business. That is partly a USA defense business. This DemonRat Tomfoolery will be out the windows now! Or right after Trump gets inaugurated!
That’s almost 7 times what soros is worth.
He’s almost 45 times wealthier than soros.
And he’s on our side
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Then there are the Rothschilds, whose fortune could buy Musk and Soros for spare pocket change. Whose side they are on is anyone’s guess, since they are worth over US$500 trillion ...
Its not just the licenses - its also the EPA. Both must sign off on a launch. What holds up licensing is the lawsuits and accusations brought by local Texas and Boca Chica environmental groups - they have to be investigated true of false and most are false.
There’s a video out there of Musk describing how the Epa wanted impact statements and reports on how his rockets would impact whales. Hilarious.
Soros has the support of governments Deep States.
He is just the cut-out for the real powers.
The Swamp’s public enemy number one:
Trump
The Swamps’s public enemy number two?
If it’s not Elon, he’s in the top 5 now.
betcha TWITTER LASTS LONGER THAN THOSE JUDGES
Whose side they are on is anyone’s guess
their OWN side...
lol! nice!
their OWN side...
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They own everything, so there is only their side, no other. The rest is just pretend and make believe. They could but the entire US [ $123.8 trillion ] and still have 100s of trillions left over.
Trump JD Vance and Elon Musk what a great team at a needed time to get things in proper order.
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