Shares of Tesla Inc., Elon Musk’s public company, have been in freefall for the last few months. But shares in his private companies aren’t.Secondary market investors have sent the collective valuation of four of Musk’s private entities up 45% since the US 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.

President Trump has spent years bashing electric vehicles. But with Elon Musk by his side, he said he would buy a bright red one.

In front of the White House as he looked over the Tesla vehicles, President Trump said he would not be allowed to drive his new car.

President Donald Trump and Tesla CEO Elon Musk climbed inside one of five vehicles on display on the South Lawn of the White House on March 11. Trump said he would buy a Tesla but didn’t plan to drive it.