TSLA: Tesla Stock Speeds Through $1 Trillion as Elon Musk’s Fortune Swells by $52B in a Week

Richest guy on the planet is now sitting on a $314 billion fortune and is $84 billion wealthier than the second uber-rich on the list, Amazon founder Jeff Bezos.

• Tesla stock TSLA just had its best week in more than a year after Donald Trump’s election win triggered a wild pump to the EV maker’s shares. The company surged 32% on the week to $321.22 a share and crossed the $1 trillion valuation for the first time since 2022. What’s even more impressive is the sheer concentration of wealth into a single person — Elon Musk, Tesla’s boss, inflated his net worth by $52 billion in the past week.
• Musk is now worth $314 billion, or some $84 billion richer than the second uber-rich persona on the list — Amazon AMZN founder Jeff Bezos. The mouth-watering figure, however, isn’t Musk’s personal best — he was worth more than $330 billion in late 2021 when Tesla shares were trading at more than $400 a piece, or about 27% above current market prices. Musk is the largest shareholder in his EV company with a roughly 13% stake that has the price tag of $130 billion.
• So what’s the deal with Tesla pulling ahead in a post-election rally? It’s in the ties between Trump and Musk. The billionaire Tesla chief has spent more than $130 million to drum up support for Trump. It's a two-sided deal, apparently, as Trump called Musk a “super genius” and a “new star.” More broadly, Trump’s plan to impose tariffs on Chinese imports threatens to undermine foreign EV rivals’ efforts to sustain their sales overseas.