Donald Trump's victory in the race to the White House has opened a new page for Elon Musk, who owns a fortune worth 260 billion USD and is the richest billionaire in the world.
Mr. Musk has made a big bet on the 2024 US election, becoming one of the most important business and political advisers of the new administration when Mr. Trump did not hesitate to call him "America's shining star" in his first speech after the victory in the early morning of November 6 (local time).
Elon Musk is expected to lead a new agency called the “Department of Government Efficiency” - abbreviated as DOGE, the same name as the cryptocurrency associated with the billionaire's name.
In this role, the Tesla CEO plans to promote reforms and reduce administrative regulations, focusing on areas such as artificial intelligence, space exploration and electric vehicle development. Elon Musk believes that the current administrative system is becoming a burden for the country and he is committed to optimizing this apparatus.
On election night, Elon Musk posted an image on X of himself entering the Oval Office with a sink, recalling the scene when he entered X's headquarters when he acquired the platform for $44 billion in 2022.
Another image shows Musk chatting with Mr. Trump at Mar-a-Lago, with the caption: "The future is going to explode." According to the Financial Times, the decision to side with Mr. Trump shows a major shift in Elon Musk's views, from someone who voted for Democratic presidents to strongly supporting Mr. Trump's right-wing policies.
Since July, the billionaire has publicly sided with Mr. Trump after the attempted assassination of the former President in Pennsylvania. To support Mr. Trump, Elon Musk has contributed $ 100 million to the Pro-Republican America Pac and is offering $ 1 million a day to voters who sign petitions supporting free speech. On Election Day, he even organized transportation for Amish people to the polls.
Donald Trump's victory also caused Tesla's stock to rise nearly 13% in the following morning trading session. On the X platform, Elon Musk quickly posted a series of content supporting Mr. Trump.
Some critics have accused Musk of using X to spread misinformation and conspiracy theories without evidence. But Musk’s supporters have praised him for amplifying Republican voices and bringing “transparency” to politics.
According to Trump Jr., son of Donald Trump, his victory would not have been possible without Elon Musk's support on X. His supporters believe that Elon Musk's acquisition of X was a turning point, bringing the truth to the public.
