Elon Musk significantly backed Donald Trump’s presidential campaign. This support can earn him a key role in the U.S. government. Also, he can head the new Department of Government Efficiency. His goal?
To cut down federal red tape and reduce regulations. This aligns with his interests in AI, space, and electric cars. His companies, Tesla, SpaceX, and xAI, lead in these fields. After an assassination attempt, Musk shifted politically and backed Trump.
He used the platform X to promote Trump and claim voter fraud. Critics say this spreads misinformation. However, Trump’s team and tech allies see Musk’s role as vital.
His influence boosted Tesla’s stock by nearly 12%. Looking ahead, Musk plans to impact midterm elections and streamline government. He aims for necessary regulations without excessive control.