Mr Musk's numerous businesses have been surging in value since Donald Trump's election victory propelled Mr Musk into the political spotlight.
Tesla shares rose 3.8 per cent on Nov 22, reflecting ongoing optimism that the Trump team's plans for self-driving cars and electric vehicle (EV) subsidies will give Mr Musk's firm an advantage over its peers.
The stock is up 45 per cent since Nov 4, the day before the election, adding about US$350 billion in market value.
Meanwhile, the value of xAI has more than doubled since it last raised money in May, with The Wall Street Journal reporting that Trump's victory helped drive new investor interest.
Esta historia es de la edición November 26, 2024 de The Straits Times.
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