Everything You Always Wanted to Know About Elon and Trump
Jun 4, 2024
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Discussion on Elon Musk advising Trump on crypto, their relationship, legal challenges, potential role in a Trump administration, and comparisons between Musk and Trump's business practices.
Elon Musk's advisory role in Trump's cryptocurrency policies showcases his increasing political influence.
Speculations on Musk's potential advisory position in a Trump administration highlight his strategic value in diverse sectors.
Deep dives
Elon Musk's Legal Troubles and SEC Investigation
Elon Musk faces an SEC investigation regarding his purchase of Twitter stock in 2022. The accusation is regarding whether he kept the stock price artificially low to acquire more shares without public disclosure, leading to lawsuits from investors. Musk's history shows a disregard for securities laws, emphasizing his conflict with regulatory norms.
Trump and Musk's Alliance and Political Influence
Despite past feuds, Donald Trump and Elon Musk are rekindling their relationship for political influence. Musk's advice on crypto policy signifies his growing role in Trump's campaign strategies, aiming to attract tech-savvy donors. Tesla hosting town hall events for Trump showcases a shift in their dynamic, opening opportunities for strategic political collaborations.
Potential Trump Administration Role for Musk
Speculations suggest that Elon Musk might assume an advisory role in a potential Trump administration focused on technology or electric vehicles. Trump's strategic use of Musk's influence in tech circles reflects a broader campaign strategy to garner support from diverse sectors, positioning Musk as a key ally for policy guidance.
Longevity of Cabinet Role and Predictions
Forecasting Elon Musk's tenure in a hypothetical cabinet role under a Trump administration raises skepticism about its sustainability. With an over-under limit of 60 days, opinions lean towards Musk's potential short-lived position due to his unconventional approach and unpredictable influence dynamics within formal government settings.
In the aftermath of Donald Trump’s felony conviction for fraud, his followers scrambled to be first to reaffirm their fealty to the twice-impeached Republican. But for some reason, Trump’s new status as a convict also was accompanied by a resurgence of stories about another right-wing figure—Elon Musk—and their warming relationship.
Bloomberg has reported on how Musk is advising the presumptive GOP presidential candidate on all things crypto (maybe Dogecoin?), and the Wall Street Journal has related details about their time together in Florida—as well as the Tesla chief executive’s potential role in a second Trump administration. Bloomberg’s national politics correspondent Nancy Cook joins Max Chafkin and Kurt Wagner to talk about all of this. Also, the panel looked at some recent legal issues.