Trump nominates Scott Bessent as Treasury secretary despite Musk's opposition

Donald Trump has nominated Scott Bessent as his Treasury secretary, despite Elon Musk's opposition to this choice. Musk, a significant financial supporter of Trump, suggested another candidate, Howard Lutnick, for the role. This decision indicates that Musk's influence over Trump may be limited. While Musk is considered one of Trump's strongest allies, the president-elect chose Bessent, who is viewed as a stabilizing figure by Wall Street leaders. Trump later selected Lutnick for the commerce secretary position, further highlighting his independent decision-making. Musk did not comment on the situation when approached by Business Insider.