A risky bet that has paid off so triumphantly: Musk is having an increasing impact on Trump's return to the White House
Kyiv • UNN
Elon Musk has become the most influential figure in the entourage of US President-elect Donald Trump. Since Trump's victory, Musk's fortune has increased by $21 billion, and his influence on future policy continues to grow.
Despite the billionaire's loud support for the winning candidate, it remains to be seen whether Trump will be willing to listen to the SpaceX and Tesla founder in everything, including some key areas of his policy.
Written by UNN with reference to CNN and Forbes.
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Elon Musk's bet on the Republican leader who eventually won the US presidential election is likely to pay off, making him the most influential leader in the new administration and even richer. Meanwhile, it is very likely that the influence of the founder of Platform X on Donald Trump is increasing.
Over the past 48 hours, Donald Trump's Mar-a-Lago club has been packed with two types of people: those looking for jobs in the future administration of the president-elect and those trying to influence him.
According to many sources, the person who has dominated the situation and had a lot of influence is Elon Musk. The billionaire has been seen in the Palm Beach, Florida resort almost every day since Trump won the election last week
Meanwhile, according to media reports, the world's richest man has already increased his net worth by $21 billion to $285.6 billion. Tesla shares are up 15% on the news of Trump's victory.
Trump reciprocates:
He is a special guy. “He is a super genius. We have to protect our geniuses. We don't have many
HelpHelp
Musk, who has never been a major campaign donor before, has donated about $120 million to Trump and Republican candidates through his American Coalition Election Fund. Musk also made a controversial cash giveaway to voters in key states, and did so despite the fact that numerous consumer surveys have shown that such actions are not well received by Tesla's core customer base.
The billionaire may not be chasing the post
Musk is not currently formally expected to take a position in the Trump administration, and in fact, he doesn't need to, one source told CNN, noting that the owner of X has the same influence from the outside.
Elon Musk is not just a billionaire, and he is not like most billionaires who try to get into politics. I believe that in general, Musk's motives are not based on profit. I mean, he takes on companies because he believes they can change the future of humanity
Trump wants to shorten the Senate confirmation processNov 11 2024, 11:29 AM • 15403 views
However, the possible prospect of Musk's position in the administration has some investors excited.
Ross Gerber, president of the Los Angeles-based investment company Gerber Kawasaki, expects Musk to insist on less regulation:
That's just good. Do you know how much time and money corporations spend just responding to stupid document requests that ask about nonsense that the regulators themselves have no idea what they're talking about?
Expanding the “key role” and having even more influence
However, it remains to be seen whether Musk will be able to influence Trump's policies, particularly on electric vehicles and trade tariffs.
“It depends on whether Trump wants to listen to someone. Elon has a particularly delicate balance of countries he has to please, including China. It's a very delicate dance, and I may or may not do it well,” Gerber said.
Most conclusions predict that the close cooperation between Musk and Trump that has developed over the past year is likely to turn the tech billionaire, already a major figure in many industries, into a uniquely influential figure in the coming years.
recall
During the 25-minute phone call between Zelensky and Trump, Elon Musk was present. Trump promised to support Ukraine, and Musk confirmed his continued support for Starlink.
