The increase is positive for Musk personally—but Tesla investors are probably breathing a little easier after hearing the news, too. Musk sold billions in Tesla stock to help fu

Is Elon Musk's political profile and BFF status with President Trump hurting sales of Austin-based Tesla? Maybe — but it's complicated, analysts say. Why it matters: Tesla is by far the U.S. electric vehicle sales leader and long the world's top seller (though it has recently been trading the lead with China's BYD).

Elon Musk is reportedly looking to raise money for the social media service X at the same price he paid, reluctantly, for Twitter in 2022.

The potential valuation boost comes after a tumultuous period for X, during which it faced an exodus of advertisers due to concerns over hate speech and misinformation.

According to a new report from Bloomberg, Musk's social media platform X is currently looking to raise money from investors at a valuation of $44 billion. If that number sounds familiar, it's because that's precisely what Musk paid for the company formerly known as Twitter when he acquired it in October 2022.