Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Elon Musk put $277 million into the election. Now he's $200 billion richer.
Elon Musk put $277 million into the election. Now he’s $200 billion richer.
The tech mogul made a big bet on Donald Trump. By one measure, it has paid off handsomely.
December 15, 2024 at 7:55 a.m. EST Today at 7:55 a.m. EST
By Faiz Siddiqui and Trisha Thadani
Elon Musk’s net worth has climbed by more than $200 billion in 2024, a massive increase in the same year that the world’s richest person spent at least $277 million backing Donald Trump and other Republican candidates.
Trump’s election sent stock in electric automaker Tesla, a company central to Musk’s wealth and where he is CEO, soaring. Shares were trading at prices around 70 percent higher on Friday than on Election Day.
{snip}
By Faiz Siddiqui
Faiz Siddiqui is a technology reporter with The Washington Post's Business Desk covering companies such as Tesla and Twitter. His area of coverage has also included ride-hailing and the race to build autonomous cars. Prior to that, he covered the D.C. Metro and local transportation scene.follow on X@faizsays
By Trisha Thadani
Trisha Thadani joined The Washington Post in 2023 from the San Francisco Chronicle. She covers the technology industry.follow on X@TrishaThadani
The tech mogul made a big bet on Donald Trump. By one measure, it has paid off handsomely.
December 15, 2024 at 7:55 a.m. EST Today at 7:55 a.m. EST
By Faiz Siddiqui and Trisha Thadani
Elon Musk’s net worth has climbed by more than $200 billion in 2024, a massive increase in the same year that the world’s richest person spent at least $277 million backing Donald Trump and other Republican candidates.
Trump’s election sent stock in electric automaker Tesla, a company central to Musk’s wealth and where he is CEO, soaring. Shares were trading at prices around 70 percent higher on Friday than on Election Day.
{snip}
By Faiz Siddiqui
Faiz Siddiqui is a technology reporter with The Washington Post's Business Desk covering companies such as Tesla and Twitter. His area of coverage has also included ride-hailing and the race to build autonomous cars. Prior to that, he covered the D.C. Metro and local transportation scene.follow on X@faizsays
By Trisha Thadani
Trisha Thadani joined The Washington Post in 2023 from the San Francisco Chronicle. She covers the technology industry.follow on X@TrishaThadani
7 replies
= new reply since forum marked as read
= new reply since forum marked as read
