Elon Musk’s recent flirting with U.S. politics has become increasingly complex as the 2024 presidential election looms. Experts caution that whether Joe Biden or Donald Trump returns to the White House, Musk’s businesses face significant challenges. However, one brings in more problems than the other.
What Happened: Tesla Inc. (NASDAQ:TSLA) CEO and SpaceX founder Musk has been vocal about his interactions with former President Donald Trump. At a recent shareholder meeting, Musk revealed that Trump is a big fan of Tesla’s futuristic Cybertruck and often calls him for no apparent reason.
“I have had some conversations with him and he does call me out of the blue for no reason. I don't know why, but he does."
However, according to venture capitalist and political strategist Bradley Tusk, if Trump secures a second term in the White House, it could spell significant implications for Musk's companies.
“My initial instinct — I think everybody’s — would be like, ‘Oh, of course, it’d better for Musk under Trump.’ But I think ultimately, it’d be much worse,” Tusk told Business Insider.
Tusk explained that Biden likely doesn’t see Musk as a ...