TSLA: Tesla Stock Posts Epic 38% November Gain, Boosting Musk’s Net Worth by $72B

Musk is set to assume a key role under President Trump and investors are betting on a new growth era for his EV firm.

• Tesla stock TSLA just wrapped up a super strong month with a 38% increase to $345.16 a share. November’s gains were largely riding on Elon Musk’s increasingly warm ties to President-elect Donald Trump and their joint initiative. the Department of Government Efficiency (DOGE), headed by none other than the Tesla CEO. But, perhaps more importantly, a Trump presidency has shaped up to be a gigantic boost to Tesla’s foray into autonomous vehicles.
• Trump and his team are already working to deregulate the industry and greenlight self-driving technology — the integral element to Tesla’s cybercabs and robovans. With less stringent regulations, Tesla’s autonomous wheels could end up roaming the streets years earlier than previously possible. And that’s driving investors to buy up the stock, expecting company growth and share-price gains.
• Speaking of gains, Elon Musk is now not only the richest man on earth. He’s the richest man on earth by a lot. Musk’s personal net worth, largely tied to his 13% stake in Tesla, has exploded to a record $348 billion, up $72 billion in November, according to the Bloomberg Billionaires Index. The fortunes of the ultra-wealthy and powerful Tesla boss dwarf those of the second-richest person, Amazon CEO Jeff Bezos who sits on $229 billion.