Elon Musk Helped Elect Trump. What Does He Expect in Return?

Published On Nov 6, 2024, 4:56 PM

Elon Musk invested over $100 million in Donald Trump's recent presidential campaign and is reportedly pushing for Trump to hire staff from Musk's companies, such as SpaceX, in key government positions, including the Defense Department. This move indicates Musk’s intention to influence the regulatory environment favorably for his businesses, which significantly rely on government contracts, raising potential conflicts of interest.

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Musk's substantial investment in Trump's campaign and his attempts to influence personnel choices could lead to a more favorable regulatory landscape for his companies. If this scenario unfolds, it may bolster the stock performance of SpaceX-related public ventures like Tesla, which could benefit from an alignment with government interests.

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