Potential Risks for Elon Musk with a Second Term for Trump: What Could He Stand to Lose?

Money | June 17, 2024, 5:04 a.m.

Elon Musk's evolving relationship with politics is taking center stage as the upcoming presidential election approaches, with rumors of a potential Trump endorsement swirling. Musk's influence in Washington is growing, and his interactions with the Trump campaign suggest a possible advisory role if Trump is re-elected. The contrast between a second Trump term and a Biden win could have significant implications for Musk and his businesses. Under Trump, tax cuts and deregulation could benefit Musk's ventures like Tesla and SpaceX, but bring instability to the markets. In contrast, a Biden administration might offer more stability and support for clean energy initiatives, but could also mean increased regulation and pro-union policies. Musk's political maneuvers could have far-reaching consequences, as he navigates the complex intersection of business and politics.