Elon, Inc. Elon Won't Leave Mar-a-Lago but are Users Fleeing X?
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Nov 19, 2024 
Dana Hull, a Bloomberg reporter specializing in Elon Musk and Tesla, joins Kurt Wagner, a social media expert, and Max Chafkin, a senior writer, to explore Musk's alliances with political figures like Donald Trump. They discuss the shifting user base from X to emerging platforms like Bluesky, highlighting user dissatisfaction and the implications for Musk's ventures. The dynamics of Musk's financial power amid political engagements are examined, as well as regulatory strategies that impact his businesses in the tech realm.
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Musk's Financial Success
- Elon Musk's wealth has increased significantly, now at $326 billion, surpassing Jeff Bezos by $100 billion.
- Tesla stock has risen about a third since the election, and his other companies are also doing well.
Campaign Impact
- Concerns arose about Musk neglecting his companies due to his focus on the election campaign.
- However, his companies' valuations have increased, suggesting his political engagement has been beneficial.
Executive Autonomy
- Musk's executives, like Gwen Shotwell at SpaceX, have always had autonomy.
- Tesla is a profitable company that functions well, and the narrative of its decline due to Musk's political involvement might be premature.