The billionaire owner of Tesla and SpaceX looks ahead to an administration likely to boost his companies and his own political power.

Early Wednesday, investors were already betting that Trump’s win will also be a win for Musk’s major public holding, Tesla, sending shares of his electric vehicle maker up an immediate 13% at the

Elon Musk’s relationship with President-elect Donald Trump turned out to be an incredible hedge for shares of Musk’s electric-vehicle company Tesla.