X, formerly known as Twitter, has hit a rough patch ever since the outspoken CEO of Tesla, Elon Musk, bought it for $44 billion in October 2022. While now a private company, the estimated valuation

And the House Republican steering committee meets later today to finish choosing next term’s committee chairs.

When Tesla shareholders have a good day, so does Elon Musk.  On Wednesday, shares of Tesla climbed 5.93 percent to break a record high that had been in place for three years. The same day, Musk became the first individual ever to boast having more than a $400 billion net worth on account of a massive sale of insider shares for SpaceX—one of Musk’s other billion-dollar companies.

The Securities and Exchange Commission is preparing “numerous counts” against Elon Musk, according to a letter from his lawyer that Musk posted to X. It has also “reopened an investigation into Neuralink.

Related: Elon Musk’s SpaceX skyrockets in value In other news - a new milestone for the world’s richest man. Elon Musk is now the first person ever to be worth more than $400 billion, according to calculations done by the Bloomberg Billionaires Index.

Elon Musk has made history by becoming the first person ever to reach a $400 billion net worth. This landmark achievement follows a series of gains across his major ventures, including Tesla and SpaceX.