Elon Musk News / After the fight between Elon Musk, he again became rich, Tesla helped him earn money

Elon Musk News: Shares of Elon Musk's electric car maker Tesla have seen huge turmoil recently, but now the situation in the market seems to be recovering. After a decline of about 15 per cent, Tesla shares have made a strong comeback and jumped up to 7 per cent during trading on Friday. At the end of the day, Tesla's stock closed at US$295.14 with a gain of 3.67%.

The Musk-Trump controversy created a storm

A major reason for this huge fluctuation is believed to be the heated debate between Musk and former US President Donald Trump on the social media platform X (formerly Twitter). This dispute between the two giants came out in public, causing a stir in the market. Musk's personal wealth also had to bear the brunt of this war of words.

According to the Bloomberg Billionaire Index, Musk's net worth fell by a whopping $33.9 billion (about Rs 2.9 lakh crore) in a day. With this, his wealth came down to $ 335 billion. At the same time, Tesla suffered a loss of about Rs 15,200 crore due to the fall in the stock.

Return of recovery: Investors regain confidence

However, the rise in shares on Friday showed that the market still believes in Musk's leadership and Tesla's strategies. Experts believe that this recovery was possible due to Tesla's brand value, innovation capability, and global demand for electric vehicles.

Musk's focus on production expansion, development of new technologies and future plans is also attracting investors. Seeing this boom, it is clear that Tesla under Musk's leadership is capable of maintaining long-term strength despite temporary setbacks.

What's next?

Under Musk's leadership, Tesla seems to be gaining momentum once again. The market is now eyeing what Musk takes next - will it be the announcement of new models, AI integration, or the introduction of a new technology?