Musk's alignment shifted due to his opposition to pandemic regulations, frustration with the Biden administration's snub of Tesla, and his growing concerns about 'woke' culture, including issues like diversity, equity, and inclusion measures.
Musk established a super PAC that donated over $100 million and actively campaigned, including knocking on 11 million doors in battleground states, and appearing at rallies with Trump.
Musk is set to lead a new Department of Government Efficiency, focused on cutting federal regulations and spending, similar to his approach at Twitter where he reduced staff by two-thirds.
Musk's companies, especially SpaceX, rely heavily on federal contracts and face numerous regulatory investigations. His political role aims to reduce these regulations, potentially benefiting his businesses by eliminating bureaucratic slowdowns and legal challenges.
Musk's position could lead to conflicts as he oversees cuts in federal regulations while his companies are under federal scrutiny. Federal conflict of interest laws prohibit such mixing of duties, and violating them could be a federal offense.
Musk's companies, particularly SpaceX, have received billions in federal contracts and face multiple ongoing investigations. His political involvement aims to reduce regulatory burdens and potentially halt investigations, directly benefiting his businesses.
Musk's influence signifies a shift where billionaires with vested interests in various sectors, including tech and AI, have unprecedented proximity to the president, potentially shaping policy in their favor.
After single-handedly remaking the auto industry, social media and the global space race, Elon Musk is now turning his attention, and personal fortune, to politics.
Over the past few months, he became one of the most influential figures in the race for president, and on Tuesday Donald J. Trump tapped him to help lead what the president-elect called the Department of Government Efficiency,
Kirsten Grind and Eric Lipton, investigative reporters for The Times, explain what exactly Musk wants from the new president, and why he is so well placed to get it.
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