Is a Trump President Good for Elon Musk? How the 2024 Presidential Election Could Shape Musk's Multiple Ventures

Benzinga
Benzinga
  • 5 days ago
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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