Elon Musk’s $119M pro-Trump donation: What it means for his businesses Musk has business interests that depend heavily on government regulation, subsidies or policy Tesla CEO and X owner Elon Musk stands with Republican presidential nominee former US president Donald Trump during a campaign rally, on the day Trump returns to the site of the July assassination attempt against him, in Butler, Pennsylvania, US, on October 5, 2024. — Reuters Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency puts the billionaire entrepreneur in an extraordinary position of influence to help his companies secure favorable government treatment. Musk contributed at least $119 million to a pro-Trump spending group, federal records show, part of a wider strategy to insulate his companies from regulation or enforcement and boost their government support, according to Reuters interviews with six Musk-company sources familiar with his political and business dealings and two government officials who have extensive interactions with Musk firms.
Musk has business interests that depend heavily on government regulation, subsidies or policy, from Tesla’s electric cars to Neuralink’s brain chips to SpaceX’s rockets. googletag.cmd.
push(function() { googletag.display('div-gpt-ad-1700472799616-0'); }); “Elon Musk sees all regulations as getting in the way of his businesses and innovation,” said one former top SpaceX official who spoke on condition of anonymity. “He s.