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

While Tesla’s share price has taken a beating recently, a fall from grace one JPMorgan analyst says may have no equal, the value of Elon Musk’s private companies has soared in the four months since Donald Trump won the election.

Tesla’s stock has taken a nosedive since Donald Trump was elected president — but Elon Musk’s privately held firms have seen their valuations soar, according to a report. Investors in secondary markets have driven up the collective valuation of four of Musk’s privately held companies by 45% since the Nov.