Elon Musk donated 111 million euros to Donald Trump’s campaign! He also won an election.

HAKIZIMANA Maurice

The return on investment is spectacular. By donating €111 million to Donald Trump’s campaign, Elon Musk has already increased his personal fortune – in Tesla shares alone – by more than €11 billion, a return of over 10,000%.

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Elon Musk

Shares of his electric car group soared in pre-market trading on Wall Street. The first sign of a winning bet for the billionaire, who is also expected to lead a full audit of the American administration in order to eliminate what they call “waste.”

But what about future policies and their impact on its business empire? As for SpaceX, there is little change in sight, with the federal government, regardless of the side, remaining committed to preserving American leadership in space. With Donald Trump at the helm, SpaceX’s founding dream of sending men to Mars could be realized.

Le milliardaire Elon Musk lors du rassemblement de campagne de Donald Trump, le 27 octobre 2024 au Madison Square Garden, à New York.
Billionaire Elon Musk speaks at Donald Trump’s campaign rally on October 27, 2024, at Madison Square Garden in New York. © Evan Vucci/AP

On the other hand, experts say a new trade war with China, which would open the way to more competition, could hurt Tesla’s business, as could the abandonment of government measures to support the construction and purchase of electric vehicles.

Elon Musk, a choice ally for Donald Trump

For more than two minutes, Donald Trump sang the praises of Elon Musk in his victory speech. Between the two billionaires, it’s the honeymoon. During the campaign, the boss of X put his fortune at the service of the Republican candidate who in return promised him a place of choice in his administration.

For Donald Trump, Elon Musk is a choice ally, according to Antoine Andreani, financial market analyst at XTB trading.

“Donald Trump really appreciated what Elon Musk did with Twitter. He reduced the staff by three quarters, the weight of the State is too strong in the United States, but he will try to reduce it. I think he will use Elon Musk for this purpose. Afterwards, Trump could also use him in the cryptosphere. Elon Musk is very positioned on cryptocurrencies. There too, I think Elon Musk could have a role.”

Donald Trump promised it during his campaign: he intends to appoint Elon Musk to head a commission responsible for conducting a financial audit of the American government. With one objective: to cut public spending.

President Trump’s Men

During his campaign, Donald Trump did not present his future team, many names are circulating, but we know that the key word will be “loyalty”, for a team that promises to be very masculine.

The most obvious figures are the vice president, J.D. Vance, very radical during the campaign, particularly on immigration, and this billionaire Elon Musk, whom Donald Trump plans to put at the head of a commission responsible for cutting government spending.

As for the rest, Robert Lighthizer seems to be holding the reins for the economy. This champion of customs tariffs against China was already in charge of trade policies during Donald Trump’s first term.

The president who wants to get rid of the “cases” that target him: the Justice Department is therefore very important to him, and in this position the American press is talking among others about lawyer Jeffrey Clark, who had lobbied in 2020 for the Justice Department to prevent the transfer of power from Donald Trump to Joe Biden.

For Defense, the names of Congressman Michael Waltz, the first Green Beret to serve in Congress, but also Mike Pompeo are circulating – under Donald Trump, he was director of the CIA and then Minister of Foreign Affairs. A final position that could fall to Ric Grenell – highly criticized in Germany for his positions when he was ambassador there during the president’s first term.

During the campaign, Donald Trump also pledged to give a “major role” in health care to Robert Kennedy Jr., the nephew of former President John F. Kennedy. As a presidential candidate, Robert Kennedy Jr. was projected to have 4 to 5 percent of the vote before stepping down in late August and supporting Donald Trump.

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