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Musk and Trump: the intertwining of business and politics

Octobre, 28 2024
watermark Economic news

In light of the possible return of Donald Trump to the political arena, the name of Elon Musk is increasingly surfacing in the context of his potential participation in the future administration. Musk, known as an ardent Trump supporter, has already invested $75 million in his political funds and appeared publicly with the former president at various events.


Some experts suggest that Musk seeks to influence politics in order to develop his business interests in the event of Trump's return to power.


In particular, Musk is expected to help reduce trade disagreements between the United States and China, which will negatively affect Tesla's factory in Shanghai, which is a key asset of the company. Giga Shanghai, Tesla's factory in China, plays a key role in the company's global production chain.


In addition, Musk is likely to oppose any attempts to eliminate subsidies for electric vehicles provided for by the law on reducing inflation, as well as against increasing pressure on «green» energy.


There are also concerns that Musk may support Trump's efforts to politicize government positions, which could lead to a decrease in the level of professionalism and independence of the civil service.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.