Tesla shares spiked in the wake of Donald Trump’s election win this week–and so did a handful of other stocks, in industries ranging from crypto to coffee.

A grandson of industrialist baron Andrew Mellon, he once railed against federal entitlements, which he said make Black people “belligerent.”

Elon Musk’s net worth has surpassed $300 billion for the first time in almost three years, as shares of Tesla Inc. soar on bets that his close ties with President-elect Donald Trump will bolster the company.

The net worths of many of the world's wealthiest people skyrocketed Thursday, particularly those with strong ties to cryptocurrency, with stocks soaring following Donald Trump's election win as the president-elect is expected to embrace cryptocurrency and corporate tax cuts during his upcoming term.

Sources confirmed the news with both The New York Times and Axios, with one telling the Times that Trump handed the phone to Musk during the call. A spokesperson for Trump’s campaign did not immediately return requests for comment on the reports.

Musk was reportedly present for Trump's calls with both Ukrainian President Volodymyr Zelenskyy and Turkish President Recep Tayyip Erdogan.

Donald Trump’s neighbor—spoke to Forbes about his reaction to Trump’s victory and the Florida election results.

Multiple reports on Friday say the tech billionaire joined Donald Trump on a recent call with the Ukrainian president.