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@kfm Thu, 07 Nov 2024 03:53:28

How Musk’s clout with Trump could enrich his companies

BY REUTERS Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency gives the billionaire entrepreneur extraordinary influence to help his companies secure favorable government treatment. Musk contributed at least $119 million to a pro-Trump spending group, federal records show, and tirelessly touted the former president at the critical late stage of his campaign. Musk’s politicking reflects a wider strategy to insulate his companies from regulation or enforcement and boost their government support, according to Reuters interviews with six Musk-company sources familiar with his political and business dealings and two government officials who have extensive interactions with Musk firms. The sources provided a rare view of the strategizing inside Musk’s firms to take full advantage of his deepening […] The post How Musk’s clout with Trump could enrich his companies first appeared on 93.3 KFM.

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