Tesla Stock Soars to $350 as Elon Musk's Wealth Surges by $54 Billion Amid Optimism in China Market

Tesla stock surged 9% on Monday, closing at $350, its highest price since April 2022.

Since Election Day, Elon Musk's net worth has risen by $54 billion, bringing his total wealth to $319 billion.

Tesla Stock Soars to $350 as Elon Musk's Wealth Surges by $54 Billion Amid Optimism in China Market

Musk's wealth now exceeds the second-richest person's by over $80 billion.

Ives suggested Musk's influence could lead to favorable trade terms for Tesla in China, Tesla's key market, where it generates one-third of its sales.

Since the election, Tesla has added about $300 billion in market value, equivalent to the combined market caps of Toyota and General Motors.

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