On election night, as Republican Donald Trump inched closer to reclaiming the U.S. presidency, some tech executives and venture capitalists rejoiced.“The people of America gave @realDonaldTrump a crystal clear mandate for change tonight,

The candidate largely let the billionaire run his $175 million ground game — a gamble that future candidates could look to emulate.

"We have a new star, a star is born," Trump told boisterous supporters in West Palm Beach, Florida, a few hours before the election was called in his favor. "Elon. He is an amazing guy." Musk, the world's richest man, spent at least $130 million on helping Trump and other Republicans win.

Elon Musk has spent $119 million on a super PAC supporting Donald Trump and held events on his behalf. But his ownership of X is especially valuable.

The Tesla boss has been the GOP nominee's most ardent supporter on social media in the months leading up to Election Day The post Elon Musk to Spend Election Night With Donald Trump at Mar-a-Lago appeared first on TheWrap.

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

Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.