As Donald Trump declared victory in the 2024 U.S. presidential election, Elon Musk emerged as a major winner, poised to become a key advisor in Trump’s anticipated administration. Trump celebrated Musk, calling him a "super-genius" and promising him a leading role in a new Department of Government Efficiency, with powers to streamline the federal government. For Musk, who is also CEO of Tesla and social media platform X, this marks a significant leap into American politics.
Musk’s Influence in Trump’s Administration
If Trump officially secures the presidency, Musk would likely influence major policy areas. The Department of Government Efficiency, which Musk has nicknamed "Doge" after his favourite meme coin, would allow him to propose cuts to what he describes as "vast federal bureaucracy," aiming to make the government more efficient. Musk plans to reduce regulatory barriers, particularly in areas tied to his business interests, including artificial intelligence, electric vehicles, and space exploration.
In his words, “We still need referees, but we don’t need more referees than players.” Musk has indicated that staff cuts would be handled "humanely," with potential transitional pay for government employees while they seek new jobs in the private sector.
Social Media Campaign and Rightward Shift
Musk’s public support for Trump marks a noticeable shift to the right. Known for his “free-speech absolutist” stance, he has used his platform X to amplify pro-Trump messages and critiques of mainstream media. Leading up to the election, Musk frequently posted on X, drawing attention to issues he views as damaging to America, such as “woke” politics and concerns over media bias.
His posts, including criticisms of candidate Kamala Harris, amassed hundreds of millions of views. On election night, he shared a photo at Trump’s Mar-a-Lago estate with Trump and podcast host Joe Rogan, captioned, “The future is gonna be so fire.”
Financial Support and Grassroots Campaigning
Musk’s support was not limited to his social media influence. He invested over $100 million in pro-Republican campaigns, making him Trump’s biggest donor. His donations supported America Pac, a conservative lobbying group, and funded a “free speech” petition aimed at drawing support for the Republican cause. Musk also used grassroots methods, such as busing Amish voters to polling stations, to boost Republican turnout.
Tesla stock reflected the market’s reaction to Trump’s anticipated win, with shares rising nearly 13% in pre-market trading on Wednesday, adding billions to Musk’s fortune.
Controversy and Criticism
While Musk’s influence has garnered praise from Trump’s allies, it has also sparked criticism. Analysts and fact-checkers have accused Musk of spreading misinformation on X and allowing far-right narratives to flourish unchecked. Critics warn that his algorithmic adjustments on X favour right-leaning content, potentially distorting political discourse.
Musk has dismissed these critiques, stating that his goal is to bring transparency and balanced debate to the public sphere. Trump’s son, Donald Trump Jr, praised Musk, stating, “I don’t think this race would even be close if it wasn’t for what Elon Musk is doing with X.”
The Future of Musk in Politics
Musk has signalled that his involvement in U.S. politics is just beginning. During a live-streamed Q&A on election night, he pledged ongoing financial support for Republican causes and hinted at expanding his influence in future elections. Musk’s ambitious plans extend beyond the White House, as he aims to support candidates at local and judicial levels, believing in a need to counter progressive influences.
With his deep-rooted connections in Silicon Valley and a bold vision for political reform, Musk’s impact on the American political landscape seems set to grow, adding a new chapter to the billionaire’s already diverse legacy.
Source: (FT.com)
