2024-11-07 23:55:09
Politics
Business
Elon Musk's Emerging Political Influence with Trump
Image courtesy of : AFP (JIM WATSON)
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Trump's Triumph Could Grant Elon Musk Significant Political Influence
Politics
Economy
Elon Musk, the tech billionaire, passionately supported Donald Trump during the election campaign with millions in donations and appearances. As a reward, Musk is now eyeing a powerful government position to roll back the regulations he has lamented. Trump's electoral victory provided a strong boost to Tesla's stock, making Musk, as the major shareholder, billions of dollars richer on paper. Musk has now become a similarly polarizing figure as Trump. He has been accused of having ties to Kremlin..
New York Times - Technology
Elon Musk Helped Elect Trump. What Does He Expect in Return?
Politics
Economy
Finance
Elon Musk, a major Trump backer, requested that Trump hire SpaceX employees into top government roles, including at the Defense Department. Musk has invested over $100 million in Trump's campaign, pushed pro-Trump content on social media and made public appearances on Trump's behalf in the hard-fought state of Pennsylvania, and his companies like SpaceX and Tesla, which build satellites and provide space-based communications services, have billions in government contracts, posing a conflict.
The Street
Analysts pick 3 stocks that could rock after Trump's win TheStreet Daily Newsletter
Finance
Politics
Economy
Elon Musk, a Trump supporter, posted a sink photo entering Twitter HQ. His PAC hosted a $1 million-a-day giveaway. Trump's 2nd term could end EV subsidies, but benefit Tesla, Caterpillar, and Republic Services. The stock market surged, but will require disciplined trading. Fiscal policy may become more stimulative, but global demand and tax policy will impact medium-term stock behavior.
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