Musk became the world's first person with a net worth exceeding $400 billion, setting a new record for the highest assets of the world's richest.
Witness history! All sectors surged!
As of December 11, Eastern Time in the U.S., the three major U.S. stock indices closed mixed. The Dow Jones fell 0.22%, closing at 44,148.56 points. The S&P 500 rose 0.82%, closing at 6,084.19 points. The Nasdaq rose 1.77%, closing at 20,034.89 points, breaking the 20,000-point mark for the first time and setting a new historical high. Among them, the "Seven Giants of Technology" collectively rose, with Apple, Amazon, Google, Meta, and Tesla all reaching intraday historical highs.
Tesla's stock price even surpassed its peak of $414.49 in November 2021, reaching a new historical high. Tesla's trading volume that day was $41.388 billion, ranking first among U.S. stocks that day. Since the beginning of the year, Tesla's stock price has surged by as much as 70.95%.
Since the results of the U.S. presidential election in November, Tesla's stock price has soared by 66%. The main reason for the surge in Tesla's stock price is the market's expectation that Trump will simplify the rollout process for autonomous vehicles, which is beneficial for Tesla's Robotaxi. Additionally, Trump's tax cut policies may affect the currently implemented electric vehicle tax credits, and analysts generally believe this will benefit Tesla, as the company's competitors are significantly more reliant on this policy.
Tesla's stock hitting new highs and internal stock sales by Musk's SpaceX have led to an increase in Musk's net worth by approximately $50 billion to $439.2 billion. Musk became the world's first person with a net worth exceeding $400 billion, setting a new record for the highest assets of the world's richest.
