Bogdan Frolov11:22, 07.11.24

Elon Musk invested $100 million in Donald Trump’s campaign and could already “recoup” it.

Tesla, SpaceX founder Elon Musk’s contribution to Donald Trump’s victory in the US presidential election will bring the billionaire and the richest man in the world huge benefits. In particular, Trump mentioned Musk in his victory speech and said that he would be treated well in the new US presidential administration, since America “needs to protect geniuses.”

“Musk, who is worth $264 billion, can easily afford to donate more than $100 million to his fellow billionaire’s campaign,” Dan Milmo wrote in  The Guardian . It also emphasizes that there are already signs that Musk’s “investment” in the Trump campaign has begun to return. For example, Tesla shares have risen by almost 15 percent in Wall Street trading, with the company’s market capitalization at $900 billion.

Dan Ives, an analyst at the American financial company Wedbush Securities, believes that Trump’s victory could even increase the value of Tesla to $200 billion, which would make Musk personally $26 billion richer. In addition, it is reported that the billionaire may not return the $44 billion he spent on acquiring the social network Twitter (now X), but control over the platform has allowed him to amplify “pro-Trump” messages.

“Musk will likely also play a role in the Trump administration. In September, Trump said he would form a government efficiency commission that Musk would chair,” the media also writes.

More news about Trump and Elon Musk

UNIAN reported earlier that Musk responded to Trump’s victory with a meme . He showed himself in the Oval Office in the White House with a washbasin, which he took with him to Twitter headquarters.

In addition, Elon Musk reduced aid to Ukraine due to nuclear threats from the Kremlin . In addition, threats were even made to the billionaire himself by Russian officials.

(c)UNIAN 2024