Donald Trump’s election to a second term in the White House was a boon for Elon Musk personally. His companies stand to benefit, too, just not in the ways investors might expect. On the back of Tesla stock’s epic 29% gain,

The billionaire says his social media platform has replaced traditional media. The truth is more complicated.

From hosting events to organizing a canvassing effort, Elon Musk poured millions into Pennsylvania. It likely helped deliver the state to Trump.