Gain brought fortune of already world's richest person to US$270.3 billion.
– Elon Musk added US$33.5 billion to his net worth on Oct 24 as Tesla shares posted their biggest gain in more than a decade, extending the world’s richest person’s lead atop the Bloomberg Billionaires Index.
The pop came after four straight quarters of disappointing earnings for the world’s largest EV maker, which has struggled amid slowing consumer demand. Mr Musk, 53, has also been in the spotlight for his increasingly vocal – and costly – support of Republican candidate Donald Trump. Over the past few weeks, he has campaigned in Pennsylvania alongside Trump and spent US $75 million on his own super PAC, which has focused on funding Republican get-out-the-vote efforts and digital advertising.
In the webcast following Tesla’s earnings release, Mr Musk said he would push for a federal approval process for autonomous vehicles if he were appointed to a role in a potential second Trump administration.
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