Elon Musk Stakes His Fortune On Trump’s Presidency Billionaire’s support for Trump could reshape the regulatory environment for his vast business empireDonald Trump's recent election victory is already sending ripples through various sectors, especially with influential billionaires like Elon Musk standing at the forefront. If Trump’s presidency fosters more government partnerships, it could simplify the pathway for ambitious transit projects like Musk's Hyperloop. Trump's administration may present Musk with more lenient pathways for the FDA approval processes he has relentlessly criticized. The question remains—what will be the long-term impact of this alliance under the Trump presidency for Musk and for American industry? With Musk deeply intertwined politically and financially with Trump’s presidency, it’s clear this collaboration will be one to watch as it could shape various industries for years to come.

Source: New York Times November 07, 2024 09:36 UTC