Elon Musk has been flexing his political influence in recent years but could have much to gain or lose depending on who wins the 2024 presidential election. Under Trump, Musk's companies, like Tesla and SpaceX, could benefit from tax cuts, deregulation, and the space force initiative. But markets could see decreased stability. While tax cuts under Trump appeal to Musk, winning a power struggle against the unpredictable president could backfire badly for his reputation and interests. Musk has not publicly endorsed any candidate but has bonded with donors over distrust of Democrats
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00:00It's Benzinga, and here's what's on the block.
00:02Elon Musk has been flexing his political influence in recent years but could have much to gain
00:07or lose depending on who wins the 2024 presidential election.
00:11Under Trump, Musk's companies like Tesla and SpaceX could benefit from tax cuts, deregulation,
00:16and the Space Force initiative.
00:18But markets could see decreased stability.
00:21While tax cuts under Trump appeal to Musk, winning a power struggle against the unpredictable
00:25president could backfire badly for his reputation and interests.
00:30Musk has not publicly endorsed any candidate but has bonded with donors over distrust of
00:34Democrats.
00:35For all things money, visit Benzinga.com.