<p><a href="http://dailywire.com/topic/elon-musk" target="_blank" rel="noopener">Elon Musk</a> is once again the world’s richest man after shares of electric automaker <a href="http://dailywire.com/topic/tesla" target="_blank" rel="noopener">Tesla</a> surged over the past two months.</p>
<p>The entrepreneur regained the distinction from French businessman Bernard Arnault, the chief executive of the company which owns the Louis Vuitton and Hennessy luxury brands, according to the latest <a href="https://www.bloomberg.com/billionaires/" target="_blank" rel="noopener">data</a> from the Bloomberg Billionaires Index. Musk now has an estimated fortune of $187 billion, an increase of more than $50 billion from the beginning of the year.</p>
<p>The rapid increase in Musk’s net worth was attributable to the soaring stock value of Tesla, in which Musk was an early investor and over which he is the current chief executive, from $108.10 on the first trading day of the year to $210.04 as of Tuesday morning, constituting a 94% increase in less than two months.</p>
<p>Arnault is meanwhile worth $185 billion; he is followed by Amazon founder Jeff Bezos, who is worth $117 billion, and Microsoft co-founder Bill Gates, who is worth $114 billion.</p>
<p>Musk, an American citizen who hails from South Africa, entered the year with a net worth of $137 billion after he became the first person in history to lose $200 billion from his fortune, according to a <a href="https://www.bloomberg.com/news/articles/2023-02-27/elon-musk-is-world-s-richest-person-again-after-100-tesla-stock-surge?utm_campaign=socialflow-organic&amp;utm_content=billionaires&amp;utm_medium=social&amp;cmpid%3D=socialflow-twitter-billionaires#xj4y7vzkg" target="_blank" rel="noopener">report</a> from Bloomberg. He finalized the acquisition of Twitter last year in a $44 billion transaction that some analysts deemed an overvaluation of the social media company.</p>
<p>Some Tesla investors were concerned that the Twitter acquisition would distract Musk from his duties at the automotive firm. The company nevertheless posted <a href="https://www.dailywire.com/news/tesla-posts-highest-profits-ever-despite-concerns-about-musks-twitter-purchase-causing-brand-risk" target="_blank" rel="noopener">record</a> financial performance in the fourth quarter of 2022. “We achieved the highest-ever quarterly revenue, operating income and net income in our history,” the company said in an <a href="https://tesla-cdn.thron.com/static/GZR0GS_TSLA_Q4_2022_Update_PVPJAG.pdf?xseo=&amp;response-content-disposition=inline%3Bfilename%3D%22b7871185-dd6a-4d79-9c3b-19b497227f2a.pdf%22" target="_blank" rel="noopener">earnings report</a>. “As we progress into 2023, we know that there are questions about the near-term impact of an uncertain macroeconomic environment, and in particular, with rising interest rates. The Tesla team is used to challenges, given the culture required to get the company to where it is today.”</p>
<p>Tesla meanwhile continues to expand its physical footprint throughout the United States and the world: executives unveiled <a href="https://www.dailywire.com/news/an-incredible-investment-tesla-announces-two-new-factories-3-6-billion-investment-in-nevada" target="_blank" rel="noopener">intentions</a> to construct two new factories in Nevada that will increase manufacturing capacity for battery cells, while Musk has participated in talks with officials in the Mexican government to construct new factories in the Latin American nation.</p>
<p>Other investors worried that the acquisition, as well as Musk’s reputation as a self-proclaimed free speech <a href="https://www.dailywire.com/news/extremely-messed-up-elon-musk-blasts-activist-groups-for-pushing-advertisers-to-ditch-twitter-destroy-free-speech-in-america" target="_blank" rel="noopener">absolutist</a> and frequent <a href="https://www.dailywire.com/news/musk-rebukes-white-house-over-plans-to-choose-new-federal-reserve-vice-chair-with-diversity-in-mind" target="_blank" rel="noopener">critic</a> of the Biden administration, would alienate Tesla from its liberal consumer base. Net favorability for Tesla among Democrats decreased 20.3% between October and November, the time frame of the acquisition, according to a <a href="https://morningconsult.com/2022/11/17/elon-musks-politically-polarizing-effect/" target="_blank" rel="noopener">survey</a> from Morning Consult, while net favorability among Republicans rose 3.9% over the same period.</p>
<p><b data-stringify-type="bold"><a class="c-link" href="https://onelink.to/dwapp" target="_blank" rel="noopener noreferrer" data-stringify-link="https://onelink.to/dwapp" data-sk="tooltip_parent" aria-describedby="sk-tooltip-7116">CLICK HERE TO GET THE DAILY WIRE APP</a></b></p>
<p>One analyst <a href="https://app.saytechnologies.com/tesla-2022-q4" target="_blank" rel="noopener">asked</a> during an earnings call whether brand damage from the acquisition has impacted demand for Tesla vehicles. Musk responded by checking his Twitter account and noting that he now has 127 million followers, claiming he is “reasonably popular” apart from “a few people” complaining. “I think Twitter is actually an incredibly powerful tool for driving demand for Tesla,” he asserted. “And I would really encourage companies out there of all kinds, automotive or otherwise, to make more use of Twitter and to use their Twitter accounts.”</p>

<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<script async src="https://www.tiktok.com/embed.js"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

Musk Reclaims Title Of World’s Richest Man

Bud Light Sales Continue To Plummet, May Soon Lose Status As Number-One Beer

‘Profoundly Christian’: Former Head Of Anglican Church Presses British Government To Endorse Assisted Suicide

Ben Shapiro Reacts To Debt Limit Deal, Hits Both Democrats And Republicans Over Spending Habits

‘The Chosen’ Defends Pride Flag Spotted On Set: ‘Let The Show Speak For Itself’

Chick-Fil-A Faces Backlash As Their Diversity Efforts Resurface, Other Woke Brands Take Beating

North Korea Sentenced Two-Year-Old To Life In Prison After Family Caught With Bible: State Department

News

Elon Musk

Money

Tesla

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Menu

— News —

Musk Reclaims Title Of World’s Richest Man