Worries around overheating stocks took over the narrative on Tuesday, underscoring the sense of froth in risky parts of the market that had surged after President-elect Donald Trump’s decisive election victory. A number of trades that took flight since last week faltered before key US inflation data to be released Wednesday. Small-cap stocks — which…
On the afternoon of Election Day, Elon Musk stopped by his polling place in South Texas, then headed to one of his private planes, bound for what he hoped would be a victory party for Donald Trump at the Mar-a-Lago Club in Palm Beach, Florida. On the way, Musk held an impromptu political rally. He…
A breakneck rally in Tesla Inc. shares on Friday catapulted the electric-vehicle maker’s market value back over the coveted trillion-dollar mark, as investors bet that Donald Trump’s return to the White House can be a positive force for Elon Musk’s company. Shares of the company closed up 8.2% at $321.22 Friday, taking their gains this…
President-elect Donald Trump doesn’t take office for more than two months but he’s already shaping US policy in two major hot spots: Israel and Ukraine. With phone calls to the leaders of both nations, and another expected with Russian President Vladimir Putin, Trump’s victory — and the possibility he will seek major policy changes —…
Elon Musk joined a call between President-elect Donald Trump and Ukrainian President Volodymyr Zelenskiy, highlighting the billionaire entrepreneur’s influence within the incoming US administration. Musk was in the room when the call took place, according to the person familiar with the discussion. Trump put the phone on speaker to allow Musk to participate, the person,…
China wants a deal with US President-elect Donald Trump but doesn’t expect the path to an agreement will be easy, according to an adviser to the Foreign Ministry in Beijing. “For the Chinese side a deal is desirable,” said Wu Xinbo, director at Fudan University’s Center for American Studies in Shanghai, who led a group…
The fortunes of the ten richest people in the world surged by a daily record as Donald Trump won a second term as president. The net worth of billionaires led by Tesla Inc.’s Elon Musk, the world’s wealthiest person, surged by $63.5 billion on Wednesday, according to the Bloomberg Billionaires Index. Musk alone added $26.5…
No billionaire did more to help Donald Trump win the US presidential election than Elon Musk. The Tesla Inc. and SpaceX boss will now find out whether it pays off or he ends up getting burned. Musk, whose growing political apparatus has already proved its mettle, will gain more than just an ally in the…
Elon Musk vowed Tuesday to keep his political action committee going beyond the presidential election, a sign the world’s richest person is building a political machine that goes beyond his support of Republican nominee Donald Trump. “America PAC is going to keep going after this election,” Musk said on an X Spaces Tuesday. Musk said…
This is the second episode of Citizen Elon, a miniseries within the Elon, Inc.podcast. Listen to the first episode and subscribe on Apple, Spotify, iHeart and the Bloomberg Terminal. Elon Musk announced his support for Donald Trump on July 13, minutes after the attempt on Trump’s life at a rally in Pennsylvania. Since then, the…