(CNN)– Elon Musk’s net worth went up more than $12 billion after Donald Trump’s victory. On Wednesday morning, investors were already betting Trump’s win will also be a win for Musk’s Tesla. Shares of his electric vehicle company shot up more than 12% in pre-market trading. That lifted the value of the 411 million Tesla shares Musk owns outright by more than $12 billion. That is a pretty goof return on the $119 million must donated to Trump through the Political Action Committee he set up. Categories: News, Politics Tags: 2024 election