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<ul class="summary-list"><li>Tesla stock surged 12% in premarket trading following Trump's election victory.</li><li>Elon Musk has been an outspoken supporter of Trump, spending months campaigning for him.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/trump-won-election-what-that-means-for-elon-musk-2024-11">Elon Musk's big bet</a> on Donald Trump is already paying off for Tesla.The EV's stock surged 12% in premarket trading and is poised to open at its highest level in more than a year following the election result.<a target="_blank" rel=" nofollow" class="" href="https://x.com/FoxNews/status/1854053633198825482">Fox News</a> called the presidential race for Trump early Wednesday morning. A little under four hours later, projections from <a target="_blank" rel=" nofollow" class="" href="https://x.com/CNN/status/1854109735076676021">CNN</a> and other news organizations put Trump over the 270 Electoral College votes needed to win the presidency.Wedbush Securities analyst Dan Ives called Trump's victory a "homerun for Tesla.""Elon Musk's status as Trump's ally from the business community hasn't gone unnoticed by investors who have bid up shares in Tesla by 3% in pre-market trading on the election news," he said.Musk has been an outspoken supporter of Trump during the election. The billionaire has spent the last few months campaigning for the president-elect, even joining him onstage at a campaign rally in Butler, Pennsylvania.In his victory speech early Wednesday, Trump paid tribute to Musk's efforts, calling him a "super genius" and a <a target="_blank" class="" href="https://www.businessinsider.com/trump-praises-elon-musk-a-star-is-born-2024-11">"new star."</a>Gene Munster, the managing partner at Deepwater Asset Management, said Tesla's stock surge was based on an emotional response from investors and their confidence in the EV company's CEO."That emotion is Elon made a big bet and was right. This gives investors confidence that his next big bet has a greater potential to succeed," Munster <a target="_blank" class="" href="https://x.com/munster_gene/status/1854132728998031598">said in a post on X on Wednesday.</a><h2 id="bb765168-eacb-44bd-a20d-16d2c4933cad">Trump's win an 'overall negative' for EV industry</h2>Despite the surge in Tesla shares, Trump's victory could be bad news for the wider EV market.Ives said the Trump presidency could be an "overall negative" for the EV industry, citing the possibility that the Trump administration could withdraw tax incentives and rebates for manufacturers.However, Ives said it could be a "huge positive" for Tesla due to the company's scale and market position."Tesla has the scale and scope that is unmatched in the EV industry and this dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players (<a target="_blank" href="https://www.cnbc.com/quotes/BYDDF/">BYD</a>, <a target="_blank" href="https://www.cnbc.com/quotes/NIO/">Nio</a>, etc.) from flooding the U.S. market over the coming years," Ives said in a note.Tesla has been facing fierce competition in China, with rivals rolling out their own EVs at lower prices.China-based BYD has been Tesla's <a target="_blank" class="" href="https://www.businessinsider.com/tesla-q4-sales-less-than-china-byd-2024-1">main competitor in the region, </a>taking the title of the world's top seller of electric cars from Musk's company at the beginning of the year.Earlier this month, BYD <a target="_blank" class="" href="https://www.businessinsider.com/why-byd-is-beating-tesla-ev-rivals-china-2024-11#:~:text=BYD%20has%20just%20notched%20another,and%20is%20eyeing%20global%20expansion.">scored another win when its quarterly </a>revenues outstripped Tesla's for the first time.BYD recorded revenues of 201.1 billion yuan ($28.2 billion) in the three months to September 30, up 24% from the same quarter last year. <a target="_blank" rel="" class="" href="https://www.businessinsider.com/tesla-stock-tsla-earnings-call-report-live-updates-2024-10">Tesla posted sales of $25.2 billion</a> over the same period.Representatives for Tesla did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Donald Trump's election victory is a 'home run' for Tesla

<ul class="summary-list"><li>Russian President Vladimir Putin addressed the Valdai Forum on Thursday.</li><li>He discussed issues including Trump's victory and Taiwan.</li></ul>Russian President <a target="_blank" class="" href="https://www.businessinsider.com/russia-ukraine-war-butter-prices-soar-vladimir-putin-2024-11">Vladimir Putin </a>on Thursday congratulated Donald Trump on his US election victory in a wide-ranging speech that was followed by a three-hour marathon question and answer session.Putin's comments were made at his annual foreign policy address at the Valdai conference in southern Russia.During the event, the Russian president also spoke about China's position on Taiwan, the US' influence on NATO, and the emergence of a "new world order."Business Insider picked out seven of the most notable moments.<h2 id="f656c596-9d67-437d-9c7d-8a041c1de3bf">Trump's election victory</h2>For the first time, Putin discussed Trump's victory in the US presidential election and said he was ready to speak with him.Trump's "desire to restore relations with Russia, to help end the Ukrainian crisis, in my opinion, deserves attention at least," the Russian president said.Trump has pledged to rapidly end the war in <a target="_blank" class="" href="https://www.businessinsider.com/ukraine-soldiers-react-trump-election-win-war-russia-military-aid-2024-11">Ukraine when he takes power,</a> but critics say a Trump-brokered peace deal could result in Ukraine being forced to cede territory.In an apparent bid to rekindle their relationship, Putin also said that Trump had shown himself "brave" and "manly" during an attempt on his life in July.Trump told <a target="_blank" class="" href="https://www.nbcnews.com/politics/2024-election/trump-says-no-price-tag-mass-deportation-plan-rcna179178">NBC</a> shortly after Putin's comments: "I think we'll speak."<h2 id="e13f1829-7cb0-4aff-a0f0-16d232c7081c">A neutral Ukraine</h2>In addition to getting Trump on the side, Putin used the event to set out his vision for an end to the war in Ukraine.He said that for a peace deal to be a possibility, Ukraine would have to agree to neutrality."If there is no neutrality, it is difficult to imagine the existence of any good-neighborly relations between Russia and Ukraine," he said.Without neutrality, Ukraine would be "constantly used as a tool in the wrong hands and to the detriment of the interests of the Russian Federation," Putin added.Ukraine has long rejected neutrality as a condition for a<a target="_blank" class="" href="https://www.businessinsider.com/ukraine-joining-nato-could-trigger-war-russia-alliance-putin-says-2022-2"> peace deal and is seeking NATO</a> membership to help protect itself against Russia.<h2 id="646e4fca-822a-4e43-9a29-7476775324bc">A new world order</h2>Putin's mission is not just to seize Ukraine but also to work in tandem with <a target="_blank" href="https://www.businessinsider.com/russia-china-brink-military-alliance-may-overwhelm-us-putin-xi-2023-12">other authoritarian leaders</a> to damage US global power.In his speech, Putin repeated his belief that a new world order is on the way."The former world arrangement is irreversibly passing away, actually it has already passed away, and a serious, irreconcilable struggle is unfolding for the development of a new world order," he <a target="_blank" class="" href="https://valdaiclub.com/events/posts/articles/putin-plenary-session-2024/">said</a>."It is irreconcilable, above all, because this is not even a fight for power or geopolitical influence. It is a clash of the very principles that will underlie the relations of countries and peoples at the next historical stage."<h2 id="f30a2585-6448-4bf8-bb88-190ffd92eff8">China 'reasonable' on Taiwan</h2>The Russian president backed ally <a target="_blank" class="" href="https://www.businessinsider.com/three-ways-china-could-blockade-taiwan-2024-8">China's position on Taiwan</a>, the independent island that Beijing has menaced with the prospect of invasion. "A lot is going on around Taiwan. Everyone formally acknowledges, yes, Taiwan is part of China. But in reality? In reality, it is acting in a completely different direction. Provoking the situation toward escalation," Putin said."We do support China. And because of this, we believe that (China) is conducting a completely reasonable policy. And also because it is our ally. We have a very large trade turnover, we cooperate in the security sector."China has long claimed to be the rightful owner of Taiwan, a US ally that's been independently governed for decades. Russia has relied on Chinese diplomatic and economic support <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-plan-divide-china-russia-axis-is-likely-fail-2024-11">as it was isolated by the West over the Ukraine war, </a>and it has taken part in joint military exercises with China near Taiwan. <h2 id="dea6c50f-c193-4503-9eac-6eeeb8b13009">US influence on NATO</h2>Putin, in his remarks, criticized NATO, the security alliance that's long been the main bulwark against Russian aggression in Europe and which has provided vital help to Ukraine in its war against Russia. He described the alliance as a "blatant anachronism" that is subject to "the diktat of the older brother," referring to the US.Analysts believe that one of Putin's <a target="_blank" class="" href="https://www.businessinsider.com/russia-war-nato-plans-destroy-within-putin-ukraine-hybrid-warfare-2024-5">core goals is to weaken the alliance</a>, enabling Russia to more easily extend its power.<h2 id="7bc1558a-9f90-4aea-ad7a-70162eae021f">The power of the BRICS nations</h2>Putin contrasted NATO with the BRICS group, a group of non-Western major economies that includes Brazil, India, China, and South Africa.Russia and China have sought to make the group into an alternative global power base to the US, though some members, including India, have resisted this."The prototype of a new, free, and non-bloc character of relations between states and peoples is the community that is currently being formed within the BRICS framework," Putin said."This, among other things, clearly illustrates the fact that even among NATO members there are those, as you know, who are interested in working closely with BRICS."<h2 id="6ead5aef-f855-4672-94cb-b7df99f56e69">A peace deal in the Middle East</h2>On the conflict in the Middle East, Putin called for negotiations to end Israel's war against Hamas and other Iranian proxies.Russia has backed calls for Palestinian sovereignty and criticized Israel's US-backed campaign in what analysts say is likely a bid to undercut regional US influence."You know, now we need to strive to reduce the suffering of the Palestinian people to a minimum, to zero. We need to immediately stop the fighting there, we need to do everything so that both Israel and Palestine, in this case Hamas, agree on this," said Putin.

7 telling moments from Putin's first speech since Trump won

<ul class="summary-list"><li>Donald Trump proclaimed that Elon Musk is "a new star."</li><li>The Tesla CEO spent hundreds of millions on trying to elect Trump and other Republicans.</li></ul>Donald Trump on Wednesday morning praised Telsa CEO <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-presidential-election-stakes-2024-11">Elon Musk</a> as the former president <a target="_blank" class="" href="https://www.businessinsider.com/election-results-trump-harris-presidential-election-2024-11">neared a return to the White House.</a>"We have a new star, a star is born," Trump told boisterous supporters in West Palm Beach, Florida. "Elon. He is an amazing guy."Trump called attention to how Musk campaigned for him around Pennsylvania. Musk, the world's richest man, spent at least $130 million on helping Trump and other Republicans win. On Tuesday night, Musk vowed that his super PAC, <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-super-pac-america-continuing-after-election-midterms-2024-11">America PAC,</a> would continue to operate.Trump neared victory around 2:30 a.m. Eastern Time after multiple networks projected he would win Pennsylvania, the biggest swing state of all. Vice President Kamala Harris now has virtually no path to the presidency.GOP Vice Presidential nominee Sen. JD Vance proclaimed Trump's performance "the greatest political comeback in American history."After leaving office in the wake of the Capitol riot, Trump is now close to becoming just the second person to ever lose the White House and then retake it later.Trump said that Republicans would "be keeping control of the House of Representatives," though it remains too early to project who will control the House. House Speaker Mike Johnson, who Trump said was doing a "great job," joined Trump on stage."He turned out to be a good choice," Trump said of Vance. "I took a little heat at the beginning, but I knew the brain was a good one, as good as it gets."Trump concluded by urging the nation "to put aside the divisions of the last four years" and vowing to follow through on his campaign promises.

Trump praises Elon Musk in election night speech: 'A star is born'

<ul class="summary-list"><li>Bitcoin hit a record high as investors cheered Trump's election victory on Wednesday. </li><li>Crypto players are hopeful that Trump's presidency will boost digital assets. </li></ul>Donald Trump's reelection sent bitcoin to all-time highs on Wednesday as traders cheered the coming administration of the "crypto president." <a target="_blank" class="" href="https://markets.businessinsider.com/currencies/btc-usd">Bitcoin</a> popped as much as 8% early Wednesday, rising past $75,000 for the first time ever before paring its gains to trade about 7% higher, around $74,411.Other digital asset prices also rose, thanks to renewed optimism in the sector as traders anticipate crypto-friendly policies from Trump. <a target="_blank" class="" href="https://coinmarketcap.com/currencies/ethereum/">Ether</a> rose 8% by mid-day Wednesday, while <a target="_blank" class="" href="https://coinmarketcap.com/currencies/dogecoin/">Dogecoin</a>, the crypto associated with prominent Trump supporter Elon Musk, also rallied 8%. Crypto-related stocks, meanwhile, also moved up, with shares of Coinbase rallying 21% and Robinhood climbing 16% by mid-day.Trump had been dubbed the "crypto president" during his campaign as he courted the industry, which was one of the largest sources of political spending during the election cycle. Earlier this year, Trump gave a speech at the 2024 Bitcoin Conference, where he promised to create a "<a target="_blank" class="" href="https://www.businessinsider.com/trump-bitcoin-stance-2024-7">bitcoin national stockpile</a>." In October, he launched a stablecoin with his crypto business, World Liberty Financial.Bullish forecasts for bitcoin piled up on Wall Street in the weeks leading up to the election. Bitcoin could <a target="_blank" href="https://markets.businessinsider.com/news/currencies/bitcoin-price-outlook-record-high-trump-harris-election-crypto-regulation-2024-9?utm_medium=ingest&amp;utm_source=markets">soar to $125,000</a> by the end of the year on a Trump victory, Standard Chartered predicted in a September note.Bitcoin is among the many so-called <a target="_blank" href="https://www.businessinsider.com/trump-trade-us-presidential-election-dollar-treasuries-stocks-crypto-djt-2024-11">Trump Trades</a> rallying after the election. Shares of Trump Media, Tesla stock, <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/bank-stocks-donald-trump-victory-reelection-wall-street-outlook-regulation-2024-11">bank stocks</a>, and <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/small-caps-russell-2000-tariff-trade-tax-deregulation-trump-election-2024-11">small-caps</a> surged on Wednesday.

'Crypto president' Donald Trump has investors cheering as bitcoin hits record

<ul class="summary-list"><li>Former first lady Melania Trump has remained an enigmatic figure since Donald Trump entered politics.</li><li>Born in Slovenia, she moved to the US for her modeling career and became a naturalized citizen.</li></ul>Former first lady Melania Trump has remained an enigmatic figure since her husband, former President Donald Trump, launched his political career.Born in Slovenia, she moved to the US to pursue modeling and made history as the first naturalized citizen to become first lady. During her time in the White House, she focused on children's health and well-being with her <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-be-best-campaign-details-2018-5">Be Best</a> initiative and sparked controversy with her fashion statements.A self-described "private person," she has rarely campaigned or granted interviews.Here's a look at Melania Trump's life, career, and <a target="_blank" class="" href="https://www.businessinsider.com/trump-melania-stormy-daniels-affairs-marriages-timeline-2018-3">marriage to Donald Trump</a>.<h2 id="90192e5d-5ca1-4083-a84e-9bdc2fd369e0">Melania Trump's early life and upbringing</h2>Melania Trump, 54, was born Melanija Knavs on April 26, 1970, in Novo Mesto, Slovenia, which was then part of Yugoslavia. Her mother, Amalija Knavs, worked in the fashion industry as a patternmaker at a textile factory. Her father, Viktor Knavs, was a car salesman. She has one sister, Ines Knauss, and a half-brother, Denis Cigelnjak.<div type="image" title="Melania Trump's childhood home in Sevnica, Slovenia." height="683" width="1024" msid="113883421" hostid="261" sizebytes="139624"></div>Melania Trump has said that she speaks English, Italian, French, and German in addition to her native Slovenian.<h2 id="80d16b8c-8bfb-49fb-bfa0-b0593462b604">Melania Trump's modeling career</h2>At 5 feet 11 inches tall, Melania Trump was scouted by photographer Stane Jerko in Slovenia in 1987. She dropped out of architecture school to pursue modeling, appearing on runways in Paris and Milan before moving to the US on a tourist visa in 1996.Melania Trump posed nude for photos that appeared in a French edition of GQ in 1996. The New York Post resurfaced the photos in 2016 during <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-book-claims-roger-stone-behind-leaked-nudes-2019-12">Donald Trump's presidential campaign</a>. She also posed nude on Donald Trump's Boeing 727 private plane for GQ in 2000. That same year, she appeared in the swimsuit issue of Sports Illustrated.<div type="image" title="Melania Trump poses in front of the Sports Illustrated swimsuit issue." height="874" width="1165" msid="113883415" hostid="261" sizebytes="76730"></div>In a post on X in 2024, Melania Trump said that she stands proudly behind her <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-nude-modeling-honor-bodies-memoir-2024-9">nude modeling work</a>, calling it a "celebration of the human form.""Throughout history, master artists have revered the human shape, evoking profound emotions and admiration," she said. "We should honor our bodies and embrace the timeless tradition of using art as a powerful means of self-expression."<h2 id="3c9a5fc7-9e8e-46a3-a620-e7b209c1edd2">Melania Trump's citizenship and immigration</h2>Melania Trump became a <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-immigrant-first-lady-speech-national-archives-2023-12">naturalized US citizen</a> in 2006 and is the first naturalized citizen to serve as first lady of the United States.Speaking at a naturalization ceremony at the National Archives in a rare public appearance in 2023, she recalled navigating a "labyrinth" of paperwork while obtaining her worker visa and becoming a US citizen.<div type="image" title="Melania Trump speaks at the National Archives" height="683" width="1024" msid="113883416" hostid="261" sizebytes="29192"></div>Melania Trump is the second first lady to be born outside the US. The first was Louisa Catherine Adams, the wife of President John Quincy Adams.<h2 id="8b5da627-c413-4b6c-b9e0-5ab233e59561">When Melania Trump met Donald Trump</h2><a target="_blank" class="" href="https://www.businessinsider.com/donald-melania-trump-relationship-timeline-2018-11">Melania and Donald Trump</a> met in 1998 when she was 28 years old at a party thrown by their mutual friend, Paolo Zampolli. At the time, Donald Trump was separated from his second wife, Marla Maples. Their divorce was finalized in 1999.The couple briefly broke up in 2000 but reconciled a few months later. Donald Trump proposed in 2004 with a 15-carat, $1.5 million engagement ring.<h2 id="54bf411f-9848-4517-880a-e66f0f7a9622">Melania Trump's marriage to Donald Trump</h2><a target="_blank" class="" href="https://www.businessinsider.com/trump-family-weddings-photos-details-2022-11">Melania Trump and Donald Trump's wedding</a> took place on January 22, 2005.The ceremony was held at the Bethesda-by-the-Sea Episcopal Church in Palm Beach, Florida, and Donald Trump's <a target="_blank" class="" href="https://www.businessinsider.com/inside-trump-mar-a-lago-club-photos-2018-1">Mar-a-Lago club</a> hosted the reception. <a target="_blank" class="" href="https://www.businessinsider.com/first-ladies-wedding-dress-photos-2020-9">Melania Trump's wedding dress</a> was designed by Christian Dior and embellished with 1,500 crystals and pearls.They welcomed a son, Barron Trump, in 2006.<div type="image" title="Donald Trump and Melania Trump at Mar-a-Lago." height="715" width="1024" msid="113883417" hostid="261" sizebytes="74640"></div>Adult film star <a target="_blank" class="" href="https://www.businessinsider.com/who-is-stormy-daniels-porn-star-affair-donald-trump-2018-1">Stormy Daniels</a> said that she had an affair with Donald Trump after Melania Trump gave birth in 2006. In the first-ever criminal trial of a former US president, <a target="_blank" class="" href="https://www.businessinsider.com/trump-hush-money-trial-verdict-2024-5">Donald Trump was found guilty</a> on all 34 counts of falsifying business records to cover up a $130,000 hush-money payment made to Daniels 11 days before the 2016 election. Donald Trump has denied ever having an affair with Daniels.After The Wall Street Journal broke the news of the <a target="_blank" class="" href="https://www.businessinsider.com/trump-role-stormy-daniels-mcdougal-payments-michael-cohen-2018-11">alleged affair</a> in 2018, Melania Trump retreated from public appearances. She canceled a trip to Davos, Switzerland, that she was scheduled to make with Donald Trump and flew to Mar-a-Lago instead. She also did not acknowledge their wedding anniversary or <a target="_blank" class="" href="https://www.businessinsider.com/melania-trumps-stormy-daniels-valentines-day-silence-2018-2">Valentine's Day</a> on social media as she had in past years. Upon returning to the White House, the Trumps broke protocol by arriving separately to board <a target="_blank" class="" href="https://www.businessinsider.com/melania-donald-trump-break-tradition-following-affair-allegations-2018-2">Marine One</a>.<a target="_blank" class="" href="https://www.businessinsider.com/melania-humiliated-trump-affairs-former-aide-stormy-daniels-2023-4">Stephanie Winston Wolkoff</a>, who was friends with Melania Trump for 15 years, told Page Six that silence is the former first lady's "weapon of choice and her protective armor."<h2 id="28292c1c-d166-46fc-b23d-e6d2a08032ad">Melania Trump's time as first lady</h2>Melania Trump largely remained away from the campaign trail during Donald Trump's 2016 presidential run, but caused controversy when she appeared to copy parts of her speech at the Republican National Convention from <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-takes-center-stage-night-one-gop-convention-2016-7">Michelle Obama's 2008 Democratic National Convention speech</a>.She continued to keep a low profile when Donald Trump was elected to the White House, <a target="_blank" class="" href="https://www.businessinsider.com/melania-barron-trump-white-house-2016-11">staying behind in New York City</a> with their son, Barron, so that he could finish the school year.As first lady, Melania Trump spearheaded Be Best, a campaign focused on promoting children's health and well-being, combating online bullying, and educating communities about opioid addiction. She also visited Ghana, Kenya, Malawi, and Egypt on a solo trip focused on children's health in 2018.<div type="image" title="Melania Trump speaks in the White House Rose Garden with a &quot;Be Best&quot; banner in the background." height="1382" width="2000" msid="113883422" hostid="261" sizebytes="55656"></div>She often appeared in sunglasses that obscured much of her face, sparking an unsubstantiated <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-secret-service-agent-body-double-conspiracy-2017-10">conspiracy theory</a> that she had a body double who would stand in for her at events. Melania Trump's then-spokesperson, <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-stephanie-grisham-book-falling-out-2021-10">Stephanie Grisham</a>, debunked the theory, and Donald Trump slammed reports about the rumors, saying that "fake news" was "only getting more deranged with time!"Melania Trump occasionally wore outfits that proved controversial. In 2017, she wore a $51,500 Dolce &amp; Gabbana jacket at the G7 Summit in Italy that garnered criticism for its steep price tag. She was also criticized for wearing Manolo Blahnik pumps to board Marine One on her way to visit sites impacted by Hurricane Harvey.<div type="image" title="Melania Trump gets into an SUV wearing a green jacket with white writing on the back that reads, &quot;I really don't care, do U?&quot;" height="1000" width="1500" msid="113883419" hostid="261" sizebytes="113964"></div>In 2018, Melania Trump attracted more controversy when she flew to Texas to visit children at a government immigration facility while wearing a <a target="_blank" class="" href="https://www.businessinsider.com/first-ladies-fashion-controversial-outfits-2021-10">Zara jacket that read "I really don't care, do U?"</a>Grisham told Business Insider at the time, "It's a jacket. There was no hidden message."Months later, Melania Trump told ABC News that the message was directed at "the <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-says-she-may-be-the-most-bullied-person-in-the-world-2018-10">left-wing media</a> who are criticizing me," which she said may make her the "most bullied person in the world."<h2 id="c413b8db-6005-4bb6-af07-8302254e25e9">Melania Trump's post-White House life</h2>Donald Trump and Melania Trump skipped President Joe Biden's inauguration in 2021 and moved back to Mar-a-Lago. The Palm Beach club remained her primary residence, though she made occasional visits to Trump Tower in New York City.She attended <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-running-for-president-2024-campaign-announcement-2022-11">Donald Trump's presidential campaign launch</a> event in 2022, but did not join her husband at most campaign stops and rallies.<div type="image" title="Melania Trump enters Trump Tower wearing a black top and brown skirt, carrying a Chanel bag." height="1459" width="1945" msid="113883423" hostid="261" sizebytes="97100"></div>Donald Trump addressed <a target="_blank" class="" href="https://www.businessinsider.com/melania-refused-to-campaign-but-will-soon-according-to-trump-2023-9">Melania Trump's absence</a> on "Meet the Press" in 2023, telling moderator Kristen Welker, "She's a private person, a great person, a very confident person, and she loves our country very much.""And honestly, I like to keep her away from it," he said of the campaign trail. "It's so nasty and so mean."In 2023, she attended <a target="_blank" class="" href="https://www.businessinsider.com/melania-trump-attends-rosalynn-carter-funeral-former-first-ladies-2023-11">Rosalynn Carter's funeral</a> along with former first ladies Hillary Clinton, Laura Bush, and Michelle Obama.In a rare joint appearance, she accompanied Donald Trump to vote in Florida's 2024 primary election.<div type="image" title="Donald Trump and Melania Trump" height="1667" width="2500" msid="113883425" hostid="261" sizebytes="238076"></div>Melania Trump attended the final night of the <a target="_blank" class="" href="https://www.businessinsider.com/republican-national-convention-rnc-biggest-moments-speeches-photos-2024-7">2024 Republican National Convention</a> and joined Donald Trump onstage after his address, but did not give a speech herself.She did not appear in the courtroom during <a target="_blank" class="" href="https://www.businessinsider.com/jill-biden-and-melania-trump-have-different-trial-attendance-strategies-2024-6">Donald Trump's hush-money trial</a>.<a target="_blank" class="" href="https://www.businessinsider.com/melania-conspiracy-trump-assassination-attempt-book-promotion-video-2024-9">Melania Trump's memoir</a>, titled "Melania," is due to be released on October 8, 2024."As a private person who has often been the subject of public scrutiny and misrepresentation, I feel a responsibility to clarify the facts," she said in a post on X.<h2 id="53f3967d-b8b6-4432-905c-328d5ef25bb3">Donald Trump and Melania Trump's net worth</h2>Melania Trump's individual net worth is unclear, but Donald Trump was worth an estimated $3.9 billion as of October 2024, according to <a target="_blank" class="" href="https://www.forbes.com/profile/donald-trump/">Forbes</a>.

What to know about Melania Trump's life, career, and marriage to Donald Trump

<ul class="summary-list"><li>During his 2024 presidential campaign, Donald Trump said he would "never ban TikTok."</li><li>Without court intervention, TikTok could be banned right as Trump takes office.</li></ul>Donald Trump may not be able to save TikTok, despite pledging to do so on the campaign trail.In June, the president-elect <a target="_blank" href="https://www.tiktok.com/@thecharliekirkshow/video/7377527307478502699?lang=en">told the app's users</a> he would "never ban TikTok." This may have earned him some support from the app's fans, business partners, and <a target="_blank" href="https://affiliate.insider.com?h=b5b9c47f7ad2534ac9824b21bff40dd26be554e92c0b5e20ae01820f3d7c30dd&amp;postID=672cd6f11153528a7c51e509&amp;postSlug=donald-trump-block-tiktok-ban-legal-experts-2024-11&amp;site=bi&amp;u=https%3A%2F%2Fwww.theinformation.com%2Farticles%2Ftiktok-sees-trump-victory-as-apps-best-hope">employees</a> who rely on TikTok to make money.As things stand, TikTok is still marching toward its demise due to an <a target="_blank" href="https://www.businessinsider.com/senate-passes-tiktok-ban-2024-4">April law</a> passed by Congress that forces its owner, ByteDance, to either divest from its US assets or face a ban from app stores.TikTok is challenging the law in the US Court of Appeals for the District of Columbia Circuit. So far, <a target="_blank" class="" href="https://www.businessinsider.com/tiktok-justice-department-federal-appeals-court-law-ban-expert-2024-9">it's not going great for the company</a>. TikTok is making a free-speech argument against alleged national security concerns tied to its owner being based in China, which the US government has designated a foreign adversary. The DC Circuit often <a target="_blank" class="" href="https://www.businessinsider.com/tiktok-ban-bill-is-first-amendment-disaster-may-survive-courts-2024-4">shows deference to Congress</a> when it comes to national security. The case may ultimately end up in the Supreme Court.Without court intervention, the app is set to be either sold (<a target="_blank" class="" href="https://www.reuters.com/technology/bytedance-prefers-tiktok-shutdown-us-if-legal-options-fail-sources-say-2024-04-25/">unlikely</a>) or banned on January 19, the day before the inauguration. Before leaving office, President Joe Biden has the option to extend that deadline by 90 days, and he hasn't indicated he will do so.Legal experts told Business Insider that TikTok's future in the US is still very much in question despite Trump's election win. The company has to prevail in the courts first to give its app a shot at sticking around, as Trump can't simply repeal the law."Because the law was enacted by Congress, I'm not sure how much wiggle room a future Trump administration would have to ignore it," G.S. Hans, a clinical professor of law at Cornell Law School, told BI.Trump could try to persuade Congress to repeal or change the law, although that seems unlikely, said Matthew Schettenhelm, a litigation and policy analyst at Bloomberg Intelligence."If TikTok loses the case, as I expect, it's much harder to see Trump stopping the ban from taking effect on January 19," he said.Trump has two options to try to rescue TikTok once in office. Neither of them is straightforward, legal sources told BI.<h2 id="fb3fb3bc-ea37-4e4d-85a0-a6b8468f562e">Strategy one: Don't enforce the law</h2>Trump could guard TikTok by asking his Justice Department not to enforce the Protecting Americans from Foreign Adversary Controlled Applications Act regarding TikTok."There's some history with Justice Departments or the president taking issue with a law that's on the books, not enforcing it, potentially declaring it unlawful itself, or refusing to defend it," said Aram A. Gavoor, a former Justice Department senior counsel who now serves as associate dean for academic affairs at the George Washington University Law School.As an example, Gavoor pointed to the decision by former president Barack Obama's administration to stop defending the <a target="_blank" class="" href="https://www.businessinsider.com/landmark-supreme-court-rulings-marriage-equality-in-us-2022-12">Defense of Marriage Act</a>, a since overturned law that banned federal recognition of same-sex marriage.If Trump avoids enforcing the divest-or-ban law, it may not stand up to a legal challenge, as it's possible the Supreme Court will have already upheld its constitutionality by the time he attempts to ignore it.And if Trump's Justice Department opts not to defend the law, Bloomberg's Schettenhelm said it could be risky for American companies like Apple and Google that host TikTok in app stores to keep it around. Trump has already <a target="_blank" class="" href="https://www.businessinsider.com/why-trump-changed-his-mind-on-tiktok-2024-3">flip-flopped</a> on TikTok after <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-tiktok-ban-us-china-explained-in-30-seconds-2020-8">attempting to ban</a> and then <a target="_blank" class="" href="https://www.businessinsider.com/trump-tiktok-deadline-september-15-2020-9">force a sale</a> of the app in 2020. Who's to say that he may not change his mind again?"I'm not sure they'd want to risk enormous liability on the hope that President Trump wouldn't change his mind and start enforcing the law against them," Schettenhelm said.<h2 id="c37a6b94-014a-4402-8322-8968e29dce20">Strategy two: Act like the law doesn't apply to TikTok</h2>Trump could also claim that TikTok isn't subject to the divest-or-ban bill.This one feels a bit absurd, as the bill specifically names TikTok and ByteDance as covered companies.Gavoor said it's possible that TikTok and ByteDance could reorganize so that they don't "trigger the direct definition of their names or a subsidiary or a successor entity" under the law."There's a variety of different potential corporate structures that they're undoubtedly considering," Gavoor said.University of Minnesota law professor Alan Rozenshtein also told <a target="_blank" class="" href="https://www.fastcompany.com/91223946/will-trump-ban-tiktok">Fast Company</a> that Trump could declare that ByteDance divested from TikTok without actually requiring it to do so. Both these approaches would attempt to skirt around the bill's language to avoid enforcing it.Cornell's Hans said any tactic a future Trump administration might take to keep TikTok around would be "uncharted territory.""Given that the effective date of the law is the day before inauguration day, there are all sorts of open questions as to how this will play out," he said.Of course, given all the legal obstacles, Trump may decide that saving TikTok isn't worth the effort as he pursues other issues in his first days in office.Representatives for the Trump campaign and TikTok did not respond to requests for comment.

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