After the “ world- changing” event with the giant steel arm successfully “capturing” the Super Heavy rocket for the first time in history on October 13 and the launch of the fully self-driving electric cars Tesla Robotvan and Robotaxi on October 10, the world’s richest billionaire Elon Musk seems to be contributing a lot to Donald Trump’s race to the White House. Not only with his influence, Elon Musk also worries about money for the election, even facing the risk of being investigated.

According to a poll by The Hill on October 20, Mr. Trump has a higher chance of winning than Ms. Kamala Harris for the first time, even though Kamala's campaign fund has exceeded the billion-dollar threshold, double the amount Trump has. While having less money, Mr. Trump also has to spend too much on the Joe Biden-Kamala Harris administration's continuous lawsuits.

Elon Musk is perhaps Mr. Trump's savior with the super committee America PAC that this billionaire established a few months ago with the backing of a number of famous technology entrepreneurs to support Donald Trump's 2024 presidential campaign.

To date, America PAC has become the largest donor committee for Mr. Trump, raising up to 75 million USD.

Billionaire E. Musk is currently facing the risk of being investigated. On October 20, Pennsylvania Governor (a battleground state), a member of the Democratic Party, Mr. Josh Shapiro proposed an investigation into billionaire Elon Musk because the Tesla CEO announced that he would give away $1 million per day to a random voter (living in 7 battleground states) who signs his online petition supporting the right to speak and own weapons. The donation will be made until Election Day, November 5.

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Elon Musk suddenly switched to supporting Donald Trump after the former US president was assassinated. Photo: BLB

What is Elon Musk worried about?

Elon Musk’s move to support Donald Trump is quite surprising. Previously, Tesla was said to be affected by Mr. Trump’s “anti-anyone with an electric car” stance and announced that it would end the support of up to $7,500 for customers in the US to buy electric cars as well as raise taxes on items such as auto parts…

Trump's policies could put Tesla, Elon Musk's biggest cash-generating business, in trouble.

So why did Elon Musk “turn around” to support Donald Trump - a move that is considered very risky? With recent developments, it can be seen that if Mr. Trump loses, Elon will face many difficulties. The aerospace ecosystem Space, social network X (Twitter), electric car company Tesla... may fall into crisis.

On October 16, Elon Musk's SpaceX filed a lawsuit against a California commission (with absolute power from the Democratic Party) for alleged political bias in banning SpaceX from launching more rockets in the state. The reason is said to be Musk's support for Mr. Trump. Previously, in July, Elon Musk said he would move X and SpaceX headquarters, currently located in California, elsewhere because of frustration with the state's laws. In 2021, he moved his residence from California to Texas because of no personal income tax.

The Biden Justice Department also sued SpaceX for failing to hire a person seeking asylum in the US, even though SpaceX is a business involved in many US military and intelligence projects.

Protecting SpaceX is seen as a priority as Elon Musk’s fortune comes mainly from this company. As of October 21, according to Forbes, Elon Musk has $247 billion. SpaceX is worth about $210 billion, of which Musk owns about 42%. Tesla has a market capitalization of about $700 billion, of which Musk owns about 12%.

However, in a remarkable statement on X on September 29, Elon Musk said that voting for Trump is the only way to save American democracy and if Trump is not elected, "this will be the last election." Musk hypothesized that the Democratic Party is speeding up the process for illegal immigrants to become citizens and have the right to vote. This party will dominate American politics.

In fact, Trump recently reversed his support for electric cars because of Elon Musk. Trump also said he would appoint Musk to a government efficiency commission if he wins. Musk will advise the White House on artificial intelligence.

Elon Musk is said to expect US government contracts and policies for his unprecedented startups, from satellites, electric cars, Neuralink brain chips to AI robots...

Two days of 'changing the world', where did Elon Musk's $247 billion fortune come from? Elon Musk has just announced a series of crazy, bizarre products that could change people's lives. The Tesla car company boss is predicted to be the first person to have $1,000 billion. Where did $247 billion come from?