Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge

Elon Musk, founder of Tesla, indeed saw significant gains in his net wealth due to the surge in Tesla's stock price over the years. While it's true that the stock has grown substantially since 2016, attributing it solely to Trump's victory may be an oversimplification. Various factors are in play in the stock market performance including company's sales, growth, overall economic conditions, investor sentiment and more. It's also worth noting that the Tesla stock has continued its rally even after the Trump era. As of late 2021, he became the richest person in the world, thanks to the ongoing rise in Tesla's stock price.