Musk's companies gain value in Trump 2.0 era

​​​​​​​By Gokhan Ergocun

ISTANBUL (AA) - Elon Musk's companies gained significant value in the stock markets following Donald Trump's presidential election victory in the US.

Musk, one of Trump's biggest financial supporters, donated more than $130 million to the Trump election campaign last year.

Trump's policies, such as promising to make the US the crypto capital, supported Musk's tech-based companies’ value.

Previously, Tesla's share price exceeded $437 last December and its market value reached more than $1.5 trillion.

Currently, the company’s share price exceeded $362.3 as of 2045GMT on Wednesday and the market value was at $1.17 trillion.

Before the election, the price of Tesla per share was around $260. The price has gained 40% since the election.

It means Musk's earnings with only Tesla amounted to around $400 billion.

SpaceX's, not publicly listed, market value is calculated as around $350 billion.

Another Musk-owned firm, X, is also trying to attract investments worth tens of billions of US dollars.

Musk's net worth is around $400 billion, making him the richest person in the world, according to Forbes.

His worth was around $195 billion last year.