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Since Trump was elected, Tesla's stock price has steadily increased. On Friday, Tesla closed up 3.8%, reaching a new high since the first half of 2022, helping Musk's net assets reach a record high of 347.8 billion US dollars on Friday, surpassing the previous historical high of 340.4 billion US dollars set in November 2021.
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Tesla's stock price soared, pushing Musk's personal wealth to a historic high.
Thanks to the sharp rise in Tesla's stock price recently, the world's richest person, Elon Musk, has seen a significant increase in his personal wealth, setting a new record for his net assets. According to Forbes statistics, Musk's current personal net worth has reached $321.7 billion, while the Bloomberg Billionaires Index reports this figure as $347.8 billion.
After the USA election, Elon Musk's wealth doubled to a record-breaking $348 billion.
Tesla CEO Elon Musk's net worth reached a record 347.8 billion dollars on Friday, partly due to Tesla's stock price continuing to rise and partly because his ai startup xAI was valued at 50 billion dollars in a new round of financing. Since Donald Trump was re-elected as the president of the usa, Musk has entered the core political circle under the halo of being his so-called 'best buddy', and the valuations of many of his companies have soared. Tesla's stock price rose 3.8% on Friday, reflecting the market's continued optimism that Trump's team's plans on autonomous driving and electric vehicle subsidies will give the company an advantage over its peers.
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Tesla asked the judge to dismiss the lawsuit for failure, being accused of concealing the safety defect of "phantom braking".
Elon Musk's Tesla company failed to convince a US judge to dismiss a consumer lawsuit that accuses Tesla of failing to warn buyers about a supposed defect that could lead to automatic braking of cars without actual collision risks. On Friday, Judge Georgia Alexakis of the Northern District of Illinois ruled that the case was justified, but indicated that the proposed class action lawsuit could proceed as Tesla allegedly concealed the 'phantom braking' safety defect from potential buyers. Alexakis dismissed other parts of the lawsuit, including the driver because of Tesla's insurance department.
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