Tesla Stock's 2024 Journey: From a Potential Wreck to Pedal to the Metal
Investors who have leveraged the "Musk Trade" have received substantial returns, with one Fund even surging by 500%.
Whether it's Wall Street funds or small short-term traders, as long as there's a bold bet on Elon Musk's business empire, this year's end could lead to substantial earnings, especially with Donald Trump winning the USA election significantly boosting the wealth of this world's richest person. Musk's support for Trump during the campaign and his appointment to lead the newly established Department of Efficiency have made his companies, including Tesla and the private unicorn companies SpaceX and xAI, become hot Assets. The Market Cap of these companies has soared this year, propelling Musk's personal wealth to exceed 40 billion dollars. Closed-end Fund.
Cathie Wood Buys Drone Stock, Takes Profits From Tesla
The new wealth secret in the American stock market: Musk! Relevant Funds have surged by 500%.
Musk's role in the Trump administration enhanced the value of his companies and all those related to him; companies like Destiny Tech, Baron Partners, and ARK Invest led by "Wood" Cathie Wood became the biggest winners.
Cathie Wood's ARKK Gets a 30% Trump Bump, but Outflows Persist and Top $3 Billion in 2024
Cathie Wood's Ark Invest Trims Tesla Exposure Amid Searing Rally, Sells $21.8M Worth Of Stock — Bets On This AI Medical Company
