Yes, that’s correct. Since the 2016 U.S. Presidential election, Tesla’s stock has significantly surged, enhancing the wealth of Elon Musk, who is the company’s CEO. However, it’s important to note that this wealth is largely on paper, tied directly to the performance of Tesla’s shares. Musk’s continued wealth accumulation depends on Tesla’s ability to continue its significant growth.
Elon Musk is $70 billion richer since Trump victory due to Tesla stock surge
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