Donald Trump’s return to the White House was anticipated by his biggest supporters before it was official. Elon Musk, a major advocate for Trump’s return to the presidency, expressed his enthusiasm by saying, “Let’s figure it out.” Despite the amateurish approach, Musk’s contribution to Trump’s victory was significant and stands to benefit the world’s richest man.
President Trump, in his victory speech, acknowledged Musk’s support and assured him of favorable treatment under his administration. With Tesla’s shares rising significantly after the election, Musk’s wealth is expected to soar further. Analysts predict a potential increase of up to $26 billion, attributing it to Trump’s policies and potential tariff benefits for Tesla.
Musk’s ownership of SpaceX and Tesla, both recipients of lucrative government contracts, further solidifies his position under the Trump administration. Moreover, Musk’s influence in social media (thanks to his ownership of a platform) played a pivotal role in promoting Trump’s agenda and expanding his reach.
There are speculations about Musk’s potential role within the Trump administration, including heading a government efficiency commission. His other ventures, like xAI and Neuralink, are also likely to benefit from a pro-tech regulatory environment under a Trump-led administration.
Musk’s global influence, in combination with the Trump administration’s policies, is poised to elevate his stature even further in the coming years.
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Source: www.theguardian.com
