How Musk’s clout with Trump could enrich his companies
2 months, 1 week ago

How Musk’s clout with Trump could enrich his companies

Live Mint  

By Marisa Taylor, Rachael Levy and Chris Kirkham Nov 6 - 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. He's now at the forefront of a growing class of Silicon Valley billionaires championing a libertarian movement as a backlash to the California region's historically liberal ideology - which Musk now derides as a “woke mind virus.” His rising political involvement could put his industrial empire in a position that current and former employees likened to the Gilded Age, when industry barons including J.P. Morgan and John D. Rockefeller held broad sway over government policy that impacted their companies and their wealth. GROWING POWER Musk’s designs on setting up a lax regulatory environment comes as his companies already face fewer regulatory requirements and softer enforcement of current federal rules, according to the six Musk company sources familiar with Musk’s regulatory dealings and his political strategy. A Reuters investigation last year documented at least 600 worker injuries at SpaceX facilities nationwide and found that Musk’s rocket company disregarded safety regulations and standard practices. Musk and SpaceX see the company’s dominance as evidence that it can handle less oversight, the sources said, even as an unfettered Musk could have unintended consequences for the industry.

History of this topic

Tech bro enemies Zuckerberg, Bezos and Musk jockey for position at Trump’s inauguration
18 hours, 22 minutes ago
'Musk an evil person': Trump ally vows to get Tesla CEO 'kicked out before inauguration'
1 day, 8 hours ago
Musk gets good news a day after Italian PM visits Trump as Rome announces potential $1.6bn SpaceX deal
1 week, 2 days ago
MAGA opponents of Elon Musk claim he stripped them of their X badges
2 weeks, 5 days ago
Elon Musk can easily use Donald Trump's greatest advantage against him
3 weeks, 1 day ago
Elon Musk’s ‘Move Fast and Break Things’ Attitude Clashes with Washington
3 weeks, 1 day ago
Letters to the Editor: Elon Musk’s influence shows why we need campaign spending reform
3 weeks, 1 day ago
Trump takes a swipe at close pal Elon Musk and reveals why the billionaire will 'never' be president
Trending News
3 weeks, 2 days ago
Wall Street Journal flames Trump and Musk over ‘budget fiasco’ and what it threatens for future
3 weeks, 2 days ago
Trump asserts leadership, dismisses claims of Musk’s presidential influence
Trending News
3 weeks, 2 days ago
Former GOP chair suggests Musk is steamrolling ‘too old’ Trump
3 weeks, 3 days ago
Trump rejects taunts that Elon Musk is real power behind US president-elect
Trending News
3 weeks, 3 days ago
Trump team refutes ‘President Musk’s outsized influence on GOP
3 weeks, 5 days ago
'He's not living in reality': Fox News reports GOP lawmakers lashing out at Trump and Musk
3 weeks, 5 days ago
Democrats blast influence of ‘President Elon Musk’ over Trump amid spending deal row
Trending News
3 weeks, 6 days ago
Political Reporter Says Elon Musk Is ‘Playing A Risky Game’ With Trump
3 weeks, 6 days ago
Sen. Warren urges Trump to hold Musk accountable for conflicts of interest
3 weeks, 6 days ago
Americans view both Musk and Trump roughly equally favorably, new poll discovers
3 weeks, 6 days ago
Elon Musk's Favorability Is Similar To Donald Trump's, Poll Finds
4 weeks ago
"Invitation for corruption": Warren suggests Elon Musk could be using Trump to make himself richer
4 weeks, 1 day ago
Trump set to scrap car-crash regulation Musk hates: Report
1 month ago
Trump team set to end key vehicle safety rule opposed by Elon Musk's Tesla: report
1 month ago
Trump’s pick for NASA chief: Jared Isaacman has close ties with Elon Musk
1 month, 1 week ago
Elon Musk heads to US Congress to discuss government trimming
1 month, 1 week ago
'Probably no coincidence': Report shows how Elon Musk could use power to boost his profits
1 month, 1 week ago
Elon Musk was 3 weeks away from bankruptcy after coup at PayPal, then he turned things around
Trending News
1 month, 1 week ago
Awkward moment Trump asks Musk a baffling question at SpaceX launch
1 month, 2 weeks ago
'Daunting reality': Elon Musk's government-slashing plan could hit brick wall
1 month, 2 weeks ago
How Trump 2.0 doesn’t guarantee Musk a cakewalk
1 month, 3 weeks ago
Donald Trump and Elon Musk's 'bromance' decoded
1 month, 3 weeks ago
Elon Musk and Vivek Ramaswamy outline plans for mass regulatory cuts under Trump
1 month, 3 weeks ago
Donald Trump attends SpaceX Launch in south Texas alongside Elon Musk and granddaughter Kai
1 month, 3 weeks ago
Is the Donald Trump-Elon Musk bromance already hitting a roadblock?
1 month, 3 weeks ago
Elon Musk 'frustrating' Trump inner circle after accusing MAGA loyalist of…
1 month, 3 weeks ago
Donald Trump plans to attend Elon Musk's SpaceX rocket launch in Texas
1 month, 3 weeks ago
Helping out the First Buddy: Trump suggests easing rules on driverless cars sending Musk’s Tesla stock soaring
1 month, 3 weeks ago
FAA has proposed large fines for Musk — and he may soon hold power over them: report
1 month, 3 weeks ago
Musk is fighting with top Trump adviser on cabinet picks as Tesla CEO’s influence grows
1 month, 4 weeks ago
The one agency that might have the muscle to oppose Elon Musk
1 month, 4 weeks ago
Elon Musk wants this man to be Donald Trump’s Treasury secretary
1 month, 4 weeks ago
Elon Musk's SpaceX contracts with Russia spark call for Senate investigation
1 month, 4 weeks ago
Elon Musk says he and Trump have ‘mandate to delete’ regulations. Ethics laws could limit Musk role
2 months ago
Elon Musk says he and Trump have 'mandate to delete' regulations. Ethics laws could limit Musk role
2 months ago
Elon Musk wants to gut the federal government under Trump. What could that look like?
2 months ago
Donald Trump isn’t the real danger to America – it’s Elon Musk
Trending News
2 months ago
Trump picks Musk, Ramaswamy for government efficiency effort
2 months ago
'Guest who wouldn't leave': Elon Musk reportedly overstaying welcome at Mar-a-Lago
Trending News
2 months ago
Elon Musk sticking close to Trump, influencing US transition: Reports
2 months ago
Euphoric over Trump victory, Musk calls Germany’s Scholz ‘a fool’ after his coalition collapses
2 months, 1 week ago
Trump called Ukrainian President Zelenskyy, and brought Musk with him
2 months, 1 week ago

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