Elon Musk is reportedly giving Trump one other $100 million simply after the President did an advert for Tesla on the White Home.
Over the last election cycle, Musk contributed greater than $250 million to Trump’s marketing campaign by means of donations to political motion committees (PACs).
Trump has gained, however he nonetheless wants cash.
Whereas he can’t search reelection, the mid-term and Congress/Senate elections are coming. The GOP is seeking to improve its management over the Home and Senate. Moreover, Trump doesn’t have the total help of the GOP, and Musk has made clear that he plans to speculate cash within the primaries in opposition to any GOP members who don’t help Trump.
Now, Axios and NYT report that Musk advised the White Home that he plans to contribute one other $100 million in political donations to Trump and his PACs.
The information comes only a day after President Trump held a literal infomercial for Tesla, an organization managed by Musk, on the White Home.
It raises considerations concerning the advert being a quid professional quo between Musk and Trump.
The publicity stunt additionally occurred after Tesla’s inventory crashed 15% the day earlier than and 50% since its peak achieved in December.
Tesla’s inventory value is vital for Musk. It’s his fundamental supply of wealth, and he typically makes use of loans in opposition to the inventory to finance his way of life and typically spend money on different firms.
Electrek’s Take
It’s onerous to not see that as a quid professional quo since Trump’s whole character is about “making offers,” and he hasn’t been shy about asking for political contributions in alternate for favors earlier than.
To me, it seems like Elon is panicking.
Tesla’s US gross sales amid protests in opposition to the corporate over Elon’s political involvement are doubtless badly affected, and that is his answer: to intertwin Tesla’s model even additional with essentially the most controversial US President in fashionable historical past.
It’s so dumb. I’m certain that Trump will help encourage a number of individuals purchase Tesla automobiles, however long run, this may harm the model much more.
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