Trump and Musk: 733x Return on Presidential Election Investment

Tesla

Elon Musk, who made significant donations to Donald Trump's 2024 US presidential campaign, has become a major topic of discussion due to the massive profits he has realized.

Musk, the CEO of Tesla, donated at least \$277 million (approximately \$397.9 billion KRW) to support Trump and Republican candidates. Before the election, this amount reached approximately \$232 million (approximately \$333.2 billion KRW).

Musk channeled these donations through his own super PAC, 'America First Action,' significantly influencing the presidential candidates' campaigns.

Strategic Investment, Tesla's Stock Soars

Musk showed unwavering support for the Trump campaign.

He employed thousands of campaign workers and offered daily \$1 million in prizes to voters in swing states, demonstrating his intense focus on the election.

As a result, Trump won the election, and Musk rose to prominence as one of Trump's closest confidants.

Tesla's stock also experienced a significant surge.

Before the election, Tesla's stock price was \$251.44. However, following Trump's victory, the stock price soared to \$436.23.

This increase represents an approximately 73.5% surge, and Musk's assets skyrocketed to \$442 billion (approximately \$635 trillion KRW).

Most of this increase came from profits generated after the election.

Considering the \$232 million donated before the election, Musk's return on investment was a staggering 733 times his initial investment.

Trump's Second Term and Musk's Influence

Following Trump's election victory, Musk was appointed head of efficiency in Trump's second term administration,

further expanding his influence on policy.

With Trump's promise of deregulation for businesses and investors, Musk was in a position to directly influence policy.

This significantly increased the potential for even higher returns for Musk.

Gene Munster of Deepwater Asset Management praised Musk's investment, stating, "He stuck his neck out, made a big bet, and he was right," highlighting the boldness of his decision.

His case of gaining enormous profits from political investment is expected to spark considerable debate regarding the future relationship between political contributions and corporations.

Conclusion

Elon Musk gained a 733-fold return on his massive investment in Trump's presidential campaign.

The surge in Tesla's stock price and his influence on Trump's policies significantly increase the likelihood of even greater profits for him.

The interplay between this political investment and corporate management, along with the resulting asset growth, is receiving significant attention.

10 Frequently Asked Questions
Q. How much did Elon Musk donate to Trump's presidential campaign?
He donated at least \$277 million (\$397.9 billion KRW).

Q. What impact did his donation have?
It played a significant role in Trump's victory.

Q. How did his assets change after the election?
His assets increased by over \$200 billion after the election, reaching \$442 billion.

Q. How did he become one of Trump's closest confidants?
He provided massive support for Trump's campaign and took on a significant role in his second administration.

Q. What was his rate of return?
He earned a 733-fold return on his donation.

Q. What is the assessment of his political investment?
Gene Munster of Deepwater Asset Management assessed it as: \"Musk made a big bet, and he was right.\"

Q. How did his Tesla stock price change?
Tesla's stock price surged by 73.5%, reaching \$436.23.

Q. What will Musk's influence be in the future?
He can directly influence policies in Trump's second term, leading to the expectation of further profits.

Q. How were the profits from his donation generated?
Profits were generated through stock price increases and government deregulation.

Q. How did the relationship between Trump and Musk develop?
Trump won the election, and Musk took on a significant role in his second administration.

Source: Kukmin Ilbo