Elon Musk reclaims title of world’s richest person
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Hey everybody, you welcome back to the england must podcast. This is a show where we discussed the critical crossroads, the ship space ex tesla x.

the boring company in neural ink. I'm your host will well, then the mosques network routes in extraordinary three hundred and forty seven point eight billion dollars on friday, breaking his previous high of three hundred and forty point four billion dollars set back in november of twenty twenty eight one.

This milestone was fuelled by test the soaring stock Price in a significant funding round that valued his artificial intelligence venture, X A I, at around fifty billion dollars. Musk, who was the founder and C, E, O, tesla and of multiple hy profile companies, has seen his fortune rise dramatically since the election of the trump as the next U. S.

president. No test. The shares climbed three point eight percent on friday, closing at three hundred and fifty two and fifty six cents. The company, the stock has risen forty five percent since in november fourth, the day before trump selection win, adding and estimated three hundred and fifty billion dollars and market value.

The surge reflects investor confidence, the change policies and evs and autonomous favor tesla over traditional makers currently valued at one point one three trillion dollars. test. This position as a leader in E.

V. Technology has never seen stronger. Now part of this optimism stamps from trump support for a federal framework to advance self driving vehicles.

His administration's transition team has indicated plans to prioritize removing state level restrictions that have hinted companies like tesla from deploying fully autonomous vehicles. Now elon mask has long been vocal about these regulatory hurdles, criticizing patchworks laws that restrict growth. Now, musk artificial intelligence startup X A I has also benefit from the post election momentum.

A recent funding round valued the company at fifty billion dollars, more than doubling its valuation since may. In reports suggest that trumps Victory increased investor interest, further boosting musk wealth. X A I rise adds another feather to musk cap as the entrepreneur continues to diversify its holdings.

His wealth, primarily derived from his thirteen percent stake in tesla and forty two percent taken. SpaceX has grown by thirty five percent since the election, making an increase of one hundred nineteen billion dollars in twenty twenty four. Now space sex is reportedly preparing for a private share sale they could value.

The company is over two hundred fifty billion dollars trumps public support of space acts, including his attendance at the last starship has flight. Uh shows that mask and uh trump can work together on business ventures s and also work together with the incoming administration. Now space x is dominance in space exploration remains on match and the potential share sale could add another eighteen billion dollars to musk network.

那 musk alignment with truck has become increasingly apparent in the final weeks of the presidential campaign。 Must campaign alongside truck and key bettle ground states, contributing more than one hundred and seventy million dollars to a packs supporting the republican candidate. The partnership appears to extend beyond politics, so he must have been tempted to coley in newly created department of government efficiency.

Other transactions istra's or dodge now must ask, that is, role in the department will focus on reducing bureaucratic barriers, a mission consistent with his frustration of regulations affecting testers, self driving vehicles and also spaces. X startup launches. Now trumps administration has also signalled its intention to roll back emission standards in eliminate E, V tax credits introduced during the biden presidency.

Well, this could hurt legacy automakers. Tesla, which is less dependent on federal subsidies, may find itself in an ever stronger competitive position. Now, testers dominance and EV market remains a corner stone of White england.

Musk, so wealthy, the company stock is just below fifteen percent. It's all time higher. Four hundred and seven dollars are achieved in november twenty one.

And over the past six months, tesla shares have nearly doubled bolter by strong quarterly earnings in investor optimism about its future prospects under the tropic administration. Now musk fortune is inextricably linked to telic success, with the automatic er contributing one hundred and forty five billion dollars to his network. In this connection shows the importance of tesla and the ongoing innovation and market expansion of key drivers of island's financial empire.

Now musk wealth nadel cement's is to us as the world's richest person, but also his influence in shaping technological and regulatory policies with a fortune now exceeding eighty billion dollars more than the next wealth est individual, which is the oracle chairman, Larry ellison. Musk, financial and political cloud is unparalleled, very powerful, most powerful person in the world than the president. Probably this influence extends beyond tesla space acx musk acquisition of the social media platform x in recent comments about potentially buying M S N B C shows that is ambitious to extend its footprint into traditional media and communications.

Now he's humors. He's a funny guy. It's often showcase on x and other social media, and he keeps design on the public further litigation. His persona is both the technical and a cultural figure.

Now the record breaking growth of musk fortune raises questions about the interplay between businesses and politics, well, as a limit with trump may provide new opportunities for company, also provides ventures to the fortunes of the administration in a test that pushes towards this goal of leading the autonomous vehicle revolution. And as spaces prefers for future milestones like sending a starship mars within a few years from now, max trajectory seems boys for continued expansion. However, his wealth influence also pays him under intense scrutton, particularly as he assumes the government role aimed at reducing regulatory barriers.

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