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What Trump’s win might mean for Elon Musk

Elon Musk – the billionaire CEO of Tesla, SpaceX, and xAI, and the owner of The Boring Company, Neuralink, and X – took a sharp swing to the right this

Many have predicted that there will be a falling out between the two huge personalities before Trump’s four-year term is over, but even if a fraction of Musk’s plans for DOGE become reality, it could mark one of the most consequential instances of a businessman helping shape the policy and regulations that govern his businesses. Most recently, Tesla benefitted from the Biden Administration’s Inflation Reduction Act, which provided hundreds of billions in subsidies for investing in renewable energy projects, as well as EV tax credits for buyers. But the 2024 Republican Party platform included a clear, albeit brief, paragraph that space was a key emerging industry in which America should play a leading role: the country will send astronauts “back to the moon, and onward to Mars,” the document states.

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