Elon Musk In The White House? Tesla CEO Could Land Advisory Role For Donald Trump: Report
Portfolio Pulse from Chris Katje
Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), is reportedly in discussions with Donald Trump about a potential advisory role if Trump wins the 2024 presidential election. This role could influence policies on electric vehicles, border security, technology, science, space exploration, and the economy. Musk has had a contentious relationship with President Biden and has criticized his pro-union policies. Musk and Trump have had a rocky relationship but seem to be rebuilding it, which could lead to a public endorsement from Musk.
May 29, 2024 | 5:36 pm
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NEUTRAL IMPACT
Musk has been critical of Truth Social, owned by Trump Media & Technology (NASDAQ:DJT), and Trump previously tried to get Musk to acquire the platform. The potential advisory role could lead to more interactions between Musk and Trump, possibly affecting DJT.
While Musk's potential advisory role could lead to more interactions with Trump, it's unclear how this would directly impact Trump Media & Technology. Musk's past criticism of Truth Social adds complexity to the potential impact.
CONFIDENCE 60
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Elon Musk's potential advisory role for Donald Trump could influence policies related to electric vehicles, which may benefit Tesla Inc (NASDAQ:TSLA). However, the relationship between Musk and Trump has been rocky, and the outcome is uncertain.
If Trump wins the 2024 election and Musk takes on an advisory role, Tesla could benefit from favorable EV policies. However, the relationship between Musk and Trump has been inconsistent, adding uncertainty to the potential impact.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100