How Donald Trump could turn out to be the most profitable investment for world's richest man Elon Musk
Tesla CEO Elon Musk may stand to gain significantly if former President Donald Trump is re-elected, according to NBC News. Musk, who has openly supported Trump’s presidential bid, could potentially play an influential role in a second Trump administration. Trump’s senior campaign adviser, Brian Hughes, mentioned that Trump envisions Musk leading a “commission” aimed at making the government more efficient and ensuring better use of taxpayer dollars.
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Brian Hughes praised Musk, calling him “a genius, an innovator,” and noted that Musk “has literally made history by building creative, modern, and efficient systems.” Hughes added that Trump believes Musk could help improve the effectiveness of the federal government.
Tax Cuts Could Favor Musk
If Trump returns to the presidency, Musk might also benefit from tax cuts. Trump has been vocal about maintaining low taxes for corporations and the wealthy. During his first term, he reduced the corporate tax rate from 35% to 21%. Trump has since expressed a desire to extend these tax cuts. A report from the Center on Budget and Policy Priorities highlighted that extending Trump’s tax cuts for another decade could direct 41% of the benefits to high-income households, through rate reductions and special deductions.
Regulatory Relief for Musk’s Companies
Trump’s second term could also mean
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