Text | Technology Whirlpool, Editor | Sun Haonan
In the early morning of the 6th local time, the US Republican presidential candidate and former President Trump delivered a speech at the Palm Beach Convention Center in Florida, announcing his victory in the 2024 presidential election. Musk, a well-known American entrepreneur and CEO of Tesla, posted on social media that "the future will be great."
As we all know, Musk has given all his support to Trump in this election. Now that Trump has successfully won, does this mean that Musk is about to soar into the sky?
Musk uses rockets to celebrate Trump Winning election
The vote counting of the 47th US presidential election has gradually settled. Former President Trump defeated the current Vice President Harris by a significant advantage and successfully returned to the White House, becoming the first President since Grover Cleveland in the 1890s. The first president in history to be elected twice to non-consecutive terms.
Trump kept thanking Musk in his victory declaration. "We have a new star. A new star is born. Elon Musk, he is an amazing person." Musk was obviously extremely happy. He celebrated by "shooting rockets" on social media and wrote the following: It's fantastic.
According to previous reports by the US "Capitol Hill", Musk began to support Trump in July 2024 and invested at least US$118 million in the "American Political Action Committee", which was used by the Trump campaign team in swing states. played a key role in the vote-canvassing effort.
As Trump's "big brother", Musk has demonstrated with practical actions that "stud is a kind of wisdom." As voting began, Tesla stock prices continued to rise as the likelihood of Trump being elected President of the United States increased. Previously, Tesla's stock performed well on the Frankfurt market, rising by 14.9%, and even rose by more than 12% before the market opened.
So, what will Musk win for himself after Trump wins the election?
Musk’s business empire needs government support
Although on the surface Musk looks like a “die hard fan” of Trump, in fact he is At the beginning of this election, Musk also stated that he would not donate to any presidential candidate. But as the saying goes, there are no permanent friends, only permanent interests. Trump may be Musk’s only choice.
Musk’s support for Trump is more like a business behavior. As a pioneer in the global electric vehicle and aerospace industries, Musk has repeatedly expressed his dissatisfaction with Biden’s excessive environmental regulations and subsidy policies, believing that these policies interfere too much in the market. Free development.
Trump is known for supporting corporate autonomy and reducing government regulation, and his policy tendencies are consistent with Musk's advocacy of innovation and market freedom. In addition, Trump prefers traditional energy in terms of energy policy and opposes over-reliance on clean energy. This is not inconsistent with Musk's goal of reducing the production cost of electric vehicles and promoting larger-scale commercialization through policy adjustments.
According to an article published by the US "New York Times", Musk's companies have obtained a large number of contracts from the US government and are very profitable. But at the same time, Musk often quarreled with U.S. government agencies and was sued and fined. A Trump presidency could give Musk "regulatory powers" over these federal agencies.
Musk and his companies have often questioned federal regulations, especially when they threaten to slow down his plans to further expand his business, one example of which was this month's Starship test flight. NASA has agreed to pay SpaceX up to $4.4 billion to send astronauts to the lunar surface on two future missions, with specific dates depending on when all equipment is ready. However, so far, the starship has not carried out a manned flight.
Not only that, Musk’s companies also have conflicts with many other federal agencies.The National Highway Traffic Safety Administration has opened five investigations into Tesla, including complaints that the cars braked unexpectedly, lost steering control and crashed in "Autopilot" mode.
Separately, Musk’s brain-computer interface company Neuralink was fined for violating Department of Transportation regulations on the transportation of hazardous substances.
In early October, Musk said frankly in an interview, "If Trump loses, I will be finished." "How many years do you think I will be sentenced? Can I still see my children? I don't know." The election is a huge gamble for Musk with no retreat.
As long as Trump comes to power, Musk will not be "in trouble." The "America First" policy advocated by Trump and allocating more budget to support commercial technological innovation coincide with Musk. Musk’s business empire is closely related to government subsidies, tax incentives and other policies. Although he has criticized excessive reliance on subsidies in public, it is undeniable that these policies have played a key role in the growth of his business.
written at the end
Musk is an extremely shrewd businessman. He used to basically bet on both sides, but now he not only wants financial benefits, but also hopes to play the role of the "chief engineer" of the United States so that he can follow his own wishes. Designing a new "American life."
Musk has made all his efforts to support Trump, and even completely broke up with the Democratic Party. It can be said that he has risked his wealth and life to support Trump. With such success, Tesla and SpaceX may really take off like rockets. .
Text | Technology Whirlpool, Editor | Sun Haonan
In the early morning of the 6th local time, the US Republican presidential candidate and former President Trump delivered a speech at the Palm Beach Convention Center in Florida, announcing his victory in the 2024 presidential election. Musk, a well-known American entrepreneur and CEO of Tesla, posted on social media that "the future will be great."
As we all know, Musk has given all his support to Trump in this election. Now that Trump has successfully won, does this mean that Musk is about to soar into the sky?
Musk uses rockets to celebrate Trump Winning election
The vote counting of the 47th US presidential election has gradually settled. Former President Trump defeated the current Vice President Harris by a significant advantage and successfully returned to the White House, becoming the first President since Grover Cleveland in the 1890s. The first president in history to be elected twice to non-consecutive terms.
Trump kept thanking Musk in his victory declaration. "We have a new star. A new star is born. Elon Musk, he is an amazing person." Musk was obviously extremely happy. He celebrated by "shooting rockets" on social media and wrote the following: It's fantastic.
According to previous reports by the US "Capitol Hill", Musk began to support Trump in July 2024 and invested at least US$118 million in the "American Political Action Committee", which was used by the Trump campaign team in swing states. played a key role in the vote-canvassing effort.
As Trump's "big brother", Musk has demonstrated with practical actions that "stud is a kind of wisdom." As voting began, Tesla stock prices continued to rise as the likelihood of Trump being elected President of the United States increased. Previously, Tesla's stock performed well on the Frankfurt market, rising by 14.9%, and even rose by more than 12% before the market opened.
So, what will Musk win for himself after Trump wins the election?
Musk’s business empire needs government support
Although on the surface Musk looks like a “die hard fan” of Trump, in fact he is At the beginning of this election, Musk also stated that he would not donate to any presidential candidate. But as the saying goes, there are no permanent friends, only permanent interests. Trump may be Musk’s only choice.
Musk’s support for Trump is more like a business behavior. As a pioneer in the global electric vehicle and aerospace industries, Musk has repeatedly expressed his dissatisfaction with Biden’s excessive environmental regulations and subsidy policies, believing that these policies interfere too much in the market. Free development.
Trump is known for supporting corporate autonomy and reducing government regulation, and his policy tendencies are consistent with Musk's advocacy of innovation and market freedom. In addition, Trump prefers traditional energy in terms of energy policy and opposes over-reliance on clean energy. This is not inconsistent with Musk's goal of reducing the production cost of electric vehicles and promoting larger-scale commercialization through policy adjustments.
According to an article published by the US "New York Times", Musk's companies have obtained a large number of contracts from the US government and are very profitable. But at the same time, Musk often quarreled with U.S. government agencies and was sued and fined. A Trump presidency could give Musk "regulatory powers" over these federal agencies.
Musk and his companies have often questioned federal regulations, especially when they threaten to slow down his plans to further expand his business, one example of which was this month's Starship test flight. NASA has agreed to pay SpaceX up to $4.4 billion to send astronauts to the lunar surface on two future missions, with specific dates depending on when all equipment is ready. However, so far, the starship has not carried out a manned flight.
Not only that, Musk’s companies also have conflicts with many other federal agencies.The National Highway Traffic Safety Administration has opened five investigations into Tesla, including complaints that the cars braked unexpectedly, lost steering control and crashed in "Autopilot" mode.
Separately, Musk’s brain-computer interface company Neuralink was fined for violating Department of Transportation regulations on the transportation of hazardous substances.
In early October, Musk said frankly in an interview, "If Trump loses, I will be finished." "How many years do you think I will be sentenced? Can I still see my children? I don't know." The election is a huge gamble for Musk with no retreat.
As long as Trump comes to power, Musk will not be "in trouble." The "America First" policy advocated by Trump and allocating more budget to support commercial technological innovation coincide with Musk. Musk’s business empire is closely related to government subsidies, tax incentives and other policies. Although he has criticized excessive reliance on subsidies in public, it is undeniable that these policies have played a key role in the growth of his business.
written at the end
Musk is an extremely shrewd businessman. He used to basically bet on both sides, but now he not only wants financial benefits, but also hopes to play the role of the "chief engineer" of the United States so that he can follow his own wishes. Designing a new "American life."
Musk has made all his efforts to support Trump, and even completely broke up with the Democratic Party. It can be said that he has risked his wealth and life to support Trump. With such success, Tesla and SpaceX may really take off like rockets. .
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