The cumulative value of SpaceX, Neuralink, the Boring Company, and xAI has shot up 45% on private markets since last November, according to data provided to Fortune by secondary market trading platform Caplight . Musk's social media company X was not factored into the calculation because of a lack of interest from investors on the secondary market.

Secondary market investors have sent the collective valuation of four of Musk’s private entities up 45% since the US election.

Elon Musk and his Tesla company continue to be political talking points the further we get into President Donald Trump's second term. Late Night with Seth Meyers took "A Closer Look" at how that hasn't exactly been a good thing for the billionaire and his cars.

Tesla will make a lower-cost version of its best-selling Model Y in Shanghai, three people with knowledge of the matter said, aiming to regain ground lost during a price war in its second-largest market.

Sources say the new EV will be a smaller Model Y, with mass production starting in 2026. Local rivals like BYD are eroding Tesla’s market share, prompting a new affordable model. The new electric car will reportedly be produced in China,