The biggest winner of the American elections: Elon Musk richer by 20 billion USD
If Donald Trump is the winner of the US presidential elections, then billionaire Elon Musk, who has invested everything in the Republican candidate, is right next to him.
In recent weeks, the richest man in the world threw himself headlong into the former president’s campaign, following him at rallies and appearing on stage to defend him, especially in Pennsylvania.
He poured more than $100 million into the campaign and was not shy about using his social network X as a testing ground for Trump’s messages, particularly on migration.
His team even organized a lottery and offered $1 million a day to registered voters in key states who agreed to sign a conservative petition in favor of freedom of expression and the right to bear arms.
Donald Trump’s victory created more than 11,000 new Bitcoin millionaires
Elon Musk’s risky move immediately bore fruit, and Tesla shares rose on Wednesday. Tesla’s CEO saw his net worth jump by nearly $21 billion.
Musk should be rewarded with a seat in the future government. The president-elect could task him with a thorough reorganization of the federal administration, using his aggressive approach to business.
Musk and Trump do not hide their closeness. Musk posted a photo on X with Donald Trump on election night in Florida. In his victory speech, Trump acknowledged Musk and described him as a “supergenius”.
Musk – Minister of “Efficient Management”
How these two colorful and often moody personalities, who barely knew each other a few months ago, will work together remains to be seen.
Some believe that their relationship is doomed because they both have huge egos. Others believe Trump respects the South African-born billionaire’s wealth and success.
“The United States is a nation of builders. Soon you will be able to build freely,” promised Elon Musk on Xx, with a retouched photo showing him bringing a sink into the White House.
Max appeared in the center of Twitter with a sink in his hands to symbolize his determination to radically transform the company. As soon as the acquisition was closed, he changed the management and then thousands of employees.
Elon Musk is expected to take the helm of the new ministry of “effective management”, and the main goal will be to reduce the federal budget by 2 trillion dollars, which is now 7 trillion dollars.
Musk has said he wants to bring the same “tough” approach to Washington as he does at his own companies, and has promised “humane and fair” treatment of affected federal employees, including severance payments equal to two years’ salary.
“We have to significantly reduce public spending and we have to persuade people to work in more productive positions in the private sector,” Elon Musk explained on X a few hours before Trump’s victory.
Conflict of interest?
But his closeness to the president raises the risk of potential conflicts of interest for his companies, particularly in the autonomous driving technology developed by Tesla.
Regulators are investigating this fact after the Tesla car was involved in several traffic accidents, despite assurances from the company that the technology is ready.
His appointment to the Trump administration could also affect SpaceX’s activities and relations with NASA, with which his company has become a key partner.
In his victory speech, Trump praised SpaceX’s technical achievements, particularly the spectacular separation of the first stage of its Starship megarocket in September, which paved the way for new uses for the launcher.
“It was descending and descending, we could see the fire burning and I said to myself: It must be Ilon’s (rocket), only Ilon can do it,” assured the newly elected president.
Source: Agencies
Photo: Beta_AP
Source: bizlife.rs
