The Election...

Today, we talk about the election's impact related to the economy and finances. We also cover how Elon Musk stands to massively benefit from this & More...

Arsh Anand
November 10, 2024 • Estimated Reading Time: 4 minutes

In Today’s (12th) Edition of “Element, by Arsh“ -

Donald Trump Is The 47th President of the US…
Tesla is a $1 Trillion Company Again…

POLITICS

Donald Trump Wins The US Presidential Election…

The 47th President of the US. The US elections were supposed to be a nail-biter, but the last week has been simply the opposite of that. From the very start on counting day, Trump led the race and won major swing states including Pennsylvania and North Carolina. At the time of writing Donald Trump had 301 electoral votes compared to Kamala Harris with 226 votes, with results from only Arizona not decided yet. However, Trump is leading in that state too. Nevertheless, either candidate only needed 270 electoral votes to be nominated the President.

Polarizing Policies. Donald Trump has a lot of very consequential policies that he wants to enforce as soon as he takes office. These primarily include decisions around immigration, government spending, etc. There are a lot of other policies but I want to simply focus on things around finance and the economy. Crypto, for example, has been incredibly happy to see Donald Trump get elected because, during the campaign, Trump was seen using Bitcoin to pay for some things. Trump is also likely to continue his tax cuts for the wealthy, and it would be interesting to see how that works out.

Note - I couldn’t find an unbiased article detailing Trump’s work in his second term as president. So, I won’t recommend an article to read. So, please do your own research before making a decision.

ELON MUSK & TESLA

Tesla’s Stock Runs Up Massively After The Election Results…

Elon Aligns With Trump. It is no secret that Elon Musk has been at Donald Trump’s side throughout the campaign. He has literally masterminded the whole plan to reach relatively younger male populations for Trump as this is the demographic that he has the most influence. However, this move by Trump is probably not just politics, as Donald Trump’s election into the White House could mean incredible things for all of Trump’s companies like Tesla, SpaceX, Neuralink, X, etc.

A Very Risky Bet Pays Off. There are two types of people who would do anything to win - Someone who either has nothing to lose or someone who has everything to lose. Elong Musk is obviously part of the latter group. The results of this election could’ve been detrimental to Elon Musk’s companies and probably himself too as all of these businesses are intertwined with the US government. Elon even “invested“ over a million dollars per day to the Trump campaign to ensure that he won. This bet has finally paid off, and Tesla stock is up almost 30% in the last week and has made Tesla back into a $1 Trillion company. In this process, Elon’s net worth has also grown by over $50 Billion making with worth over $300 Billion again…