Shares of Tesla surged by 12% Wednesday morning, sending the company’s stock toward a new record while adding $15 billion to Elon Musk’s fortune after Donald Trump was reelected as president, and lavished praise on the world’s wealthiest person.

Elon Musk has arrived. Shares of his electric car-maker Tesla added roughly $100 billion in value when markets opened Wednesday following Donald Trump’s presidential election victory. Musk backed the Republican to the hilt,

Trump called Musk a “new star” during his victory speech early Wednesday morning. Musk said his political ambitions are just getting started.

Possible conflicts of interest emerge as the billionaire entrepreneur is expected to influence government spending and regulation.

Shares of Tesla soaring after an election that will send Donald Trump back to the White House, an outcome that has been strongly backed by CEO Elon Musk in the closing months of the race

In declaring his presidential victory in the early hours of Wednesday morning, Donald Trump was quick to praise billionaire Elon Musk as a "super genius" after the Tesla founder and X owner donated more than $100 million of his personal money to Trump’s campaign,

Elon Musk, the owner of SpaceX, Tesla, and social networking platform X, has become the focus of attention with Donald Trump's US presidency.

Elon Musk, renowned for supporting Donald Trump, played a crucial role in Trump's election win in the US presidential election.