The article also discusses the potential impacts of Trump's win on Musk's businesses. Tesla could benefit from a lack of an "EV mandate," giving it a competitive advantage in a non-subsidy environment. SpaceX could benefit from Trump's interest in space exploration, with the potential for a mission to Mars during Trump's second term. The impacts on Musk's social media platform, X, and AI company, xAI, are less clear, but Musk has speculated that the boycott on X might lift with Trump's win.
Key takeaways:
- Elon Musk, the billionaire CEO of Tesla, SpaceX, and xAI, has shown significant support for President-elect Donald Trump, despite their previous disagreements over climate change policies.
- Musk is expected to be appointed as the head of a new Department of Government Efficiency, where he plans to implement drastic reforms and cuts to what he perceives as a 'vast federal bureaucracy'.
- Trump's potential rollback of EV policies could benefit Tesla, as it has a clear competitive advantage in a non-subsidy environment. SpaceX could also benefit from Trump's increased focus on space exploration.
- Musk's social media platform, X, and AI company, xAI, could face changes under Trump's administration, with potential lifting of advertising boycotts on X and a light-touch regulation approach on AI.