Donald Trump The US won the election. What is missing is an official announcement, but starting in 2025, the new president of the United States will be a Republican candidate. The South African billionaire played an important role in his election campaign. Elon Musk, Who can also play a role in the new administration.
Musk comes from a difficult period both in terms of his personal investment choices and his companies. Tesla is troubled like all car companies and hasn’t produced a widely successful model in five years. Purchase of Twitter, now changed to X.Turned out to be a terrible investment, at least from a financial standpoint. But Musk now aims to make the most of Trump’s victory.
Donald Trump, Elon Musk bet
An investment of about 100 million dollars. That’s it Elon Musk Although he was not the first donor ever to donate to Donald Trump’s campaign, his contribution was crucial to the Republican candidate’s victory in the White House. X’s collaboration, formerly Twitter, was fundamental, a social network that the South African entrepreneur turned into a sounding board for Trump’s propaganda.
Elon Musk has physically arrived to move to the state. pennsylvania, It is decisive for these elections. The bet was won by a South African billionaire, who gained the confidence of the tycoon, who praised him as “A supergenius“, and that is having immediate results. Shares of Elon Musk’s electric car company Tesla jumped 14 percent on the news of Trump’s victory.
In the hours after his victory, Trump promised to protect Musk and his companies accordingly. Even the promise of reduced incentives for electric cars paradoxically moves in that direction. Despite not developing a successful model for five years, Elon Musk’s company still has a significant lead over its competitors. Thanks to the built-in ecosystem of cars and chargers which he spread throughout America. The incentives currently favor companies trying to enter a market dominated by Tesla, such as Ford.
What Elon Musk’s Purpose: SpaceX’s Role
However, it will be even more central to the relationship between Elon Musk and the new administration than Tesla. SpaceX. The company that developed the first rockets for orbital launches that are reusable and is developing a new launch system for NASA to return astronauts to the moon has put satellites into orbit. I have achieved a de facto monopoly. A domain that extends from the private sector to public contracts.
Although Elon Musk has criticized some competitors, including Boeing, For the many public contracts they have won, especially in the field of national defense, those same government contracts have been and still are fundamental to SpaceX’s survival and growth. So much so that several observers, as reported. NBC Newsare concerned about the potential conflict of interest that a partnership between Musk and the White House could bring to the space market.
Elon Musk is the new “Cost-Cutting Secretary”
The real tangible result that Musk can get from a Trump victory, however, is to be actively part of the new administration. The South African businessman has already announced that he plans to liquidate several. Federal agencies. These are organizations that are part of departments, US ministries and that deal with very different areas. The FBI is a federal agency, but that category also includes a series of acronyms that Musk sees as “redundant bureaucracy.”
Trump would like Musk to lead a commission that would make sure the government can operate more efficiently. However, the reduction in regulations could once again help South African businesses, as Musk himself admitted: “What we’re seeing is. SpaceX, Tesla And what’s more, the regulatory repression, year after year, is getting worse and worse,” he announced on the campaign trail at a rally in Pennsylvania.
