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Elon Musk, the billionaire behind Tesla and SpaceX, is throwing his support behind Donald Trump’s campaign. His reasons? Cutting federal oversight and securing his business empire’s future.
Musk’s companies, Tesla and SpaceX, have deep ties to the federal government, receiving over $15.4 billion in contracts in the past decade. Last year alone, SpaceX earned $3 billion in federal deals, launching military satellites and shuttling astronauts to the International Space Station for NASA and the Department of Defense.
Tesla benefits indirectly through federal policies. The company generates billions by selling zero-emission vehicle credits, created by regulations requiring automakers to meet electric vehicle standards.
A second Trump presidency could mean fewer investigations and less oversight. Tesla faces probes into its self-driving technology, and SpaceX is under scrutiny for alleged environmental violations. A Musk-aligned White House could ease these pressures, allowing him to focus on projects like Mars colonization and brain-chip technology without interference.
Musk’s Media Influence
Musk’s ownership of X (formerly Twitter) gives him another advantage. By reinstating Donald Trump’s account and promoting his campaign to 200 million followers, Musk has positioned X as a key platform for Trump’s messaging. With traditional media often critical of Trump, X could become the primary channel for his administration, cementing Musk’s role as a media power broker.
Trump’s Shift on Musk
Trump, once critical of electric vehicles, has softened his stance. On the campaign trail, he declared support for EVs, citing Musk’s strong endorsement. Musk, in turn, relocated to Pennsylvania during the election’s final stretch and spent $120 million to boost Trump’s chances.
What Musk Gains
Musk stands to benefit significantly from a Trump presidency. He could secure more federal contracts, reduce regulatory challenges, and expand his influence over government policies. Trump benefits, too, gaining a wealthy ally with a vast platform to rally supporters.
This alliance highlights how private enterprise and politics increasingly intersect, with Musk using his influence to shape policies that align with his vision of innovation and deregulation. For Musk, Trump’s win isn’t just political—it’s personal.
