Elon Musk's support for Trump may boost influence over business regulations

thehindu.com

Elon Musk's support for Donald Trump's recent election victory may enhance his influence over government policies that affect his companies. Musk contributed over $119 million to pro-Trump efforts and actively promoted Trump during the campaign. Musk's political engagement aims to reduce regulations impacting his businesses, including Tesla, SpaceX, and Neuralink. His focus includes easing safety regulations and securing favorable treatment from government agencies, which could benefit his companies significantly. Musk's growing power reflects a shift in his political strategy, moving from environmental advocacy to a more libertarian approach. This change may allow him to navigate regulatory challenges more effectively, potentially reshaping the landscape for electric vehicles and space exploration.


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