According to Zhiding Finance APP, from top hedge funds on Wall Street to small-scale day trading institutions and retail investors, those who dared to place big bets under the business empire of the world's richest man, Elon Musk, or on any assets related to him, have reaped huge returns this year, as Donald Trump won the U.S. elections in November, bringing immense wealth to this billionaire and likely ongoing bullish stimuli to his business empire.

"Elon Musk" has naturally become the new wealth password in the U.S. stock market, with its popularity rivaling the well-known wealth password of Magnificent Seven (including Tesla, NVIDIA, and Apple) since 2023. Musk's 'core role effect' in the Trump administration has significantly boosted the value of his companies and all businesses connected to him. Companies like Destiny Tech, Baron Partners, and ARK Asset Management, led by Cathie Wood, have emerged as the biggest winners in the financial market.

Musk's full support for Trump during the campaign, along with his appointment by Trump as the head of the newly established 'U.S. Government Efficiency Department,' which is significant for federal government reform, has made all the companies he founded or leads, including Tesla, private unicorn SpaceX, and xAI, among the hottest assets globally. Since November, their market caps have skyrocketed, with Musk's personal wealth exceeding 400 billion dollars, making him the first person with a net worth reaching 400 billion dollars, marking a new milestone for the world's richest person.

Led by Musk, Tesla (TSLA.US) is the hottest stock in the US and even the Global stock markets since November. Since Trump's election victory in November, Tesla's stock price has seen a "surge," increasing over 70% since then, with a Market Cap reaching as high as 1.3 trillion dollars. Tesla's stock price closed at 418.100 dollars on Thursday, surpassing the 400 dollars high Target Price given by Bank of America, Morgan Stanley, and Wedbush on Wall Street.

Musk started to spend heavily to support Trump right after the 'smart king' Trump was assassinated, demonstrating his unwavering commitment to backing Trump, the global billionaire Musk has recently become 'richer.' For investors bullish on Tesla's stock and Musk fans, Trump's return to the White House, along with the announcement that Musk will lead the 'U.S. Government Efficiency Department,' will fundamentally change the narrative logic for Tesla and Musk's companies in the coming years in terms of AI, humanoid robots, self-driving, and Tesla's AI supercomputing system. They believe that the long-standing regulatory issues Musk has complained about, such as 'the inefficiency of the federal government' and 'the prolonged delay in the regulatory review of Tesla's FSD and Robotaxi,' may welcome a 'qualitative' acceleration in review.

Destiny Tech100 is renowned as the strongest 'Elon Musk Concept'.

Among those who successfully grasped the 'Elon Musk market', including Tesla, ARKW, and ARKK, there is one that is different in nature, which is the Closed-end Fund 'Destiny Tech100' (DXYZ.US). Since the US presidential election on November 5, the value of this closed fund, which can be publicly traded like an ETF on the US stock market, has skyrocketed by more than 500%.

Data indicates that this closed-end fund invests in unicorn companies in the private market, with its latest documents showing that more than one-third of its holdings are bets on the space exploration unicorn SpaceX, founded by Musk. Trump's victory has attracted retail investors and some leveraged hedge funds into this fund, leading to a staggering premium in the trading price relative to the overall valuation of its underlying assets.

'The presidential election is a huge catalyst for these "Trump and Musk derivatives",' said Todd Thorn, an ETF strategist from Strategas. 'Musk is obviously closely connected to the government, so investors are drawn to those funds that can quickly reach companies associated with him.'

Some traditional stock-picking fund companies, such as Baron Partners Fund, have also become winners. This fund has an ROI close to 40% so far this year, far exceeding the NASDAQ 100 Index and the S&P 500 Index, after having shown losses before the election. Ron Baron, the over-eighty fund manager steering Baron Partners Fund, has long listed Tesla as its largest position, accounting for 40% of its Assets, and as of November, his holdings in SpaceX are also increasing, reaching as high as 10%.

Another 'turning point' inspirational story related to Musk this year is the flagship product under ARK Invest, led by 'Cathie Wood' (木头姐) — the ARK Innovation ETF, valued at 7 billion dollars. As of October, ARKK is still showing negative return this year, but since the election, its gains have reached as high as 20%, with contributions to the rise almost entirely concentrated after November. ARKK has consistently maintained a heavy position in Tesla.

In addition, the ARK Next Generation Internet ETF has risen over 50% year to date, this ETF has significant exposure to Tesla, Bitcoin, and related digital asset companies. ETF strategist Thorn views these as the most direct beneficiaries of the 'Musk trade.'

Tesla, led by Musk, is expected to benefit from the new government, specifically the new government will simplify the launch of autonomous driving taxis (i.e., Tesla Robotaxi) and accelerate the review process for Tesla's Fully Autonomous FSD operating system. Additionally, if the US government removes tax credits for electric vehicles, Musk indicated that this would benefit Tesla rather than its competitors. Most of SpaceX's revenue comes from contracts with the US government, which may win more support during the Trump administration.

Although SpaceX, valued at 350 billion USD, has become the world's most valuable startup, Tesla, led by Musk, seems to perform even better, with its Market Cap skyrocketing by more than 50 billion USD since the USA presidential election. Musk's AI startup xAI has seen its overall valuation more than double since its last funding round in May, reaching an astonishing 50 billion USD.

However, some symbols that have risen significantly may carry risks, as their trading prices are often far higher than their underlying Assets. For instance, Destiny Tech100 has an overall valuation of 0.8 billion USD, which is the highest since April, but its trading price is over ten times the latest announced net asset value, making it the most premium among its peer Closed-end Fund.

Data compiled by Institutions shows that Baron Fund is in the top 1% of its category over the past month. Although concentrating bets on a single stock can be counterproductive, this aggressive strategy has reversed the fund's poor performance this year.

Bloomberg Intelligence Analyst David Conn's comments on Baron Fund and "Cathie Wood" ARK's "super reversal" stated: "I wouldn't say this is common. These funds have reaped returns due to management's extreme confidence in Tesla, thanks to Musk's relationship with Trump."