Elon Musk emerges as key winner in recent election with potential regulatory gains
Elon Musk emerged as a key figure in the recent election, receiving significant praise from Donald Trump during his victory speech. Musk has contributed over $130 million to conservative causes and is expected to benefit from potential government contracts for his companies, SpaceX and Starlink. Musk's relationship with regulatory agencies has been contentious, particularly with the Federal Aviation Administration and the Federal Trade Commission. He is seeking a more favorable regulatory environment under a Trump administration, which could help his ventures in space, AI, and electric vehicles. Investor confidence in Musk's businesses surged, with Tesla stock rising 15% following Trump's speech. The partnership between Musk and Trump may lead to changes in regulations that could significantly impact Musk's various enterprises, including Tesla, Neuralink, and the Boring Company.