Brief by Shorts91 Newsdesk / 06:53pm on 06 Nov 2024,Wednesday International
Following Donald Trump’s 2024 U.S. election win, Elon Musk has emerged as a key ally, hailed by Trump as a “super genius.” Musk, who owns SpaceX, Tesla, and social media platform X, contributed $119 million to Trump’s campaign and used X to amplify pro-Trump messaging. His companies now face both opportunities and challenges under Trump’s administration. While Tesla's shares surged 12% post-election, risks include potential cuts to EV subsidies and escalating trade tensions with China, which could impact Tesla’s Shanghai operations. Analysts speculate Trump might support Musk’s vision for autonomous vehicles and robotaxis, signaling mixed outcomes for Musk’s empire.
