Elon Musk and Jeff Bezos Exchange Posts About Trump on X

Published On Nov 21, 2024, 7:41 PM

Elon Musk's recent interactions with Jeff Bezos on social media suggest a shift in the power dynamics between the two billionaire rivals, especially with Musk's new role as co-leader of President-elect Donald Trump's Department of Government Efficiency. This position places Musk in a strategic position within the upcoming administration, potentially impacting future actions and policies that could affect both Tesla and SpaceX. Meanwhile, Bezos's position, especially related to Amazon and Blue Origin, may face challenges given Trump's negative history with him.

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Stock Forecasts

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Positive

Musk's increasing influence in government could lead to favorable policies for SpaceX and Tesla, enhancing their market positions. Given this context, Tesla's stock may strengthen as the administration's focus on technology efficiency aligns with Musk's interests.

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Negative

Conversely, Bezos and Amazon may navigate increased scrutiny and competitive pressures from a Musk-friendly administration, which could negatively impact Amazon's stock outlook as investors assess potential regulatory headwinds.

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