Even though Trump won the US election, Elon Musk’s fortune has opened up. It seems that the success one after another in exchange for support is not coming to an end. On the one hand, Musk’s wealth has increased with the rise in Tesla shares, on the other hand, he has taken a place in Trump’s circle. In a word, this election has become a trump card for Musk.

Successful entrepreneurs, inventors, top businessmen, bureaucrats, owners of several technology companies including the car manufacturer Tesla, the space company SpaceX and the communication media X have also found a place in the Trump administration. Trump has now kept his loyal supporter Elon Musk with him during the election.

Elon Musk spent about $132 million through his political action committee on the occasion of the election. Of which $75 million was directly for Trump. US President Trump is also repaying such support. He has appointed him to an important position in the administration called the ‘Department of Government Efficiency’. Not only that, he has increased the number of followers through his own organization X in political campaigns, which has exceeded 200 million.

Tesla shares have increased by about 31 percent due to Trump’s influence. On November 4, the company, which had a market capitalization of 779 billion on November 4, has exceeded 1.12 trillion in a week. As a result, Tesla has once again become a trillion-dollar company on the stock market. Along with this, its assets have also increased by 55 billion dollars. In addition, if the announcement of a tax reduction for 75,000 electric vehicles made by Trump before the election is implemented, Tesla’s sales will increase further.

Above all, experts believe that Trump’s victory is acting as a trump card in Musk’s business.