Source: Wall Street See
Elon Musk, the richest person in the world, the owner of the largest online information platform, and also the main representative of the Republican Party, is redefining the way corporate giants participate in politics.
Trump won, but the biggest winner may be Musk.
During the victory press conference, Trump specially thanked Musk, and talked about Musk's SpaceX and Starlink for 10 minutes, as if thanking the big brother of the rankings.
Musk's all-in bet on Trump's success has given Musk unprecedented political influence - he always uses his wealth and public influence to promote his business and political agenda, and he has been winning all along.
Musk has set up and invested at least $0.118 billion in the American political action committee 'America PAC', which will continue to operate and prepare for the midterm elections for the U.S. president. Musk also stated in a live broadcast on social platform X that in the next round of House, Senate, and even some local elections, America PAC will 'go all out'.
Currently, the market is more concerned about whether Musk can translate his support for Trump into substantial policy influence. For example, will Musk try to persuade Trump to avoid launching trade conflicts, and can Musk convince the Trump administration to approve autonomous driving cars nationwide...
Is Trump just the beginning of political ambitions?
Republican strategists point out that wealthy donors usually use substantial financial resources to shape the political landscape, but Musk is different - besides the strong financial resources he possesses as the world's richest man, Musk also has hundreds of millions of avid online followers, control of the important social media platform X, and a willingness to participate in politics.
Tyler Brown, the digital director of the former Republican National Committee, said:
"The richest person in the world, who is also the owner of the largest online political information platform, has become one of the main representatives of the Republican Party. We have seen these factors separately before, but rarely do we see them all in one person."
Therefore, Musk is able to redefine the way corporate giants participate in politics.
However, despite some Republican strategists expressing eagerness for Musk to invest his money and energy in the new Trump administration and the MAGA movement, there are also doubts about Musk's long-term political commitments. (MAGA: Make America Great Again, restoring America's strong position).
Venture capitalist and former Republican congressional candidate Blake Masters said he does not believe Musk will become "a predictable institutional participant." Masters said:
"I can only say that the only thing you can predict is that his involvement will be even less predictable and more tailored to specific circumstances. Musk, as an excellent investor, is least interested in becoming a cash cow for a political advisory team, letting them 'suck them dry.'"
"Always Winning" Musk
Musk's assistance in helping Trump return to the White House undoubtedly benefited him greatly.
Analyst Wedbush Securities stated that on the surface, the Trump administration does not seem like good news for Tesla, because Trump may cancel electric vehicle incentives. However, in reality, this is beneficial for Tesla, as Tesla's competitors rely more on these incentive policies - Tesla rose 14.75% yesterday.
In addition, industry experts stated that Musk's aerospace and automotive companies were already major federal contractors, but under the Trump administration, they are expected to gain more contracts worth possibly billions of dollars.
Furthermore, Tesla is working on launching self-driving taxis without a steering wheel or pedals, a goal that requires federal approval.
It has been a long time since Musk last "bet wrong", and Musk always gets what he wants, with each success making him bolder:
Musk wanted Trump to win - according to CFRA Research data, he invested over $0.13 billion in this election and ultimately got his wish.
Musk wanted to acquire Twitter - even though he later regretted paying a high price of $44 billion, he did successfully acquire it.
Musk wanted to receive one of the most generous executive compensations ever - though initially this plan was temporarily canceled due to a Delaware judge's intervention, he eventually got his wish.
He wanted SpaceX to secure stable government contracts - he indeed continues to secure these contracts.
He wants to retain the right to use Tesla's 'Full Self-Driving (FSD)' system on the road, even though the system is not truly autonomous driving, and regulatory institutions have conducted multiple reviews, he still successfully obtained this right.
Editor / jayden