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Why did billionaire Elon Musk spend a lot of money to support former President Donald Trump?

Báo điện tử VOVBáo điện tử VOV23/10/2024

VOV.VN - Spending time campaigning, spending a lot of money on former President Donald Trump's campaign... Over the past two months, billionaire Elon Musk seems to be "betting" his business career on the outcome of the US presidential election. He even said "If Mr. Trump loses, I'm done for."
The "gamble" of a technology billionaire
The fact that tech billionaire Elon Musk has invested “all in” for the Republican candidate, former President Donald Trump, is attracting the attention of the American public not only because of the huge funding, shocking statements and actions, but also the calculations behind it. However, the decision to “turn around” to support former President Trump is not too surprising as in recent years, this billionaire has repeatedly criticized the Democratic Party and President Biden. The decision to invest “all in” for former President Trump also seems not too difficult to understand when this person, also known as a tech genius, has made risky investment deals that were even considered “crazy” by many experts.

In the past, billionaire Musk often did not publicly express his political views, believing that media platforms should express objective and neutral views. He also declared his support for former President Obama, having voted for Democratic candidates in the 2016 and 2020 elections. He even argued and criticized former President Trump on social media many times. However, in recent years, this billionaire has repeatedly expressed his opposition to the Biden administration.

According to US media, it may be partly because the Biden administration ignored the Tesla model when implementing the first tax incentives for electric vehicles and did not appreciate Mr. Musk's personal role in formulating electric vehicle development policies. Earlier this year, Mr. Musk said that he had voted for the Democrats in the past and announced that he would start supporting Republican candidates. On social media, he also continuously criticized Democratic policies such as efforts to promote equity and inclusion, opposing the Biden administration's policies on labor unions, immigration, borders, etc. The meeting between Mr. Musk and former President Trump last March did not surprise the American public too much, as they thought this was a natural occurrence. Officially declaring support for Mr. Trump after the assassination attempt in July also marked a turning point for Mr. Musk when he shifted his political direction to the right with conservative views. After this meeting, the American press also began to compare Mr. Musk's transition from businessman to right-wing politician with his starting point being more than 10 years later than Mr. Trump's.
What will Elon Musk get if he “wins the bet”?
The goal behind Mr. Musk's support for former President Donald Trump has so far been largely revealed through Mr. Trump's statements or speculation in the US public. According to information in the US media, to gain Mr. Musk's support, former President Trump proposed an important position if re-elected. This position is most likely to be the leader of a committee established by the President, which has the function of controlling the budget activities of the federal government , mainly with the responsibility or authority to propose spending cuts, build regulations to make the government operate effectively and economically. Previously, some US Presidents also established committees in this form to reduce waste and increase efficiency. With his role if appointed, combined with his relationship with the leader considered the most powerful in the world, billionaire Musk will not only be proactive in expanding business with the government; resolve legal problems but also have the opportunity to realize the dream he calls redesigning the world. So far, Mr. Musk's businesses have huge cooperation contracts with a total value of more than 15 billion USD, such as SpaceX with the Department of Defense , the US National Aeronautics and Space Administration NASA or Tesla with tax credits and subsidies to build a nationwide network of charging stations. If he becomes the President's advisor, billionaire Musk will have the opportunity to exploit the unlimited financial potential of the US, expanding contracts to the fields of national security, military... In addition, Mr. Musk's companies are also involved in a series of investigations of violations by US authorities and seeking a position in the cabinet is understandable. Many American experts also commented that the cooperation between these two figures can be considered a risky but promising commercial contract.

VOV.VN - Former US President Donald Trump has unexpectedly announced his support for electric vehicles, although he has previously openly criticized the development and production of this type of vehicle.

Many speculations in the US media even go further, saying that the technology billionaire with inventions and ideas that are considered either genius or crazy wants to impose his game not only in the US but also on a global scale. As an advisor or cabinet member, the technology genius can carry out the ideas that he has mentioned several times, which are to redesign the US state and the American way of life. However, this intention is not without basis if former President Trump returns to the White House. During his term, Mr. Trump also had similar views, such as rebuilding the federal government according to a new model, dissolving a number of federal agencies, firing a series of government officials, restricting union activities, etc. Although these are just ideas, the combination of an American President and a technology genius has the ability to turn them into reality.
Advantage for former President
There are only 2 weeks left until the election that the whole world is interested in officially enters the election day. In recent weeks, former President Trump has made incredible progress, continuously chasing, competing and even starting to surpass his opponent in some states considered to be battlegrounds, which can decide the election results. The impact of tens of millions of dollars of investments as well as Mr. Musk's influence on the final results is unclear, but is contributing to helping Mr. Trump reverse the situation with relatively solid steps. Since posting his first support for former President Trump in July, Mr. Musk has posted and reposted dozens of articles supporting the Republican candidate. According to US media, billionaire Musk has set up a facility in Pennsylvania, a battleground state considered to be an important contributor to the election results, to monitor Mr. Trump's activities in this state and mobilize voters to vote. Some information said that Mr. Musk has recruited and mobilized many talented employees with a budget of up to 500 million USD to serve the election campaign in this state. Not only that, billionaire Musk also attracted celebrities and is turning social network X into an unofficial agency of the election campaign. In the latest effort, billionaire Musk pledged to donate 1 million USD to a random voter, living in 7 states considered battlegrounds, who signs an online petition supporting the US Constitution, especially the first and second amendments. In addition, each registered voter in the state of Pennsylvania who signs the petition will also receive 100 USD and if he introduces another voter, he will receive another 100 USD. This solution considered to be using money in exchange for support by Mr. Musk is currently within the reach of US officials and may cause fierce legal disputes. Many election experts also commented that this year's White House campaign is not only a race between the two candidates of the Democratic and Republican parties, but also a personal race between Vice President Harris and technology billionaire Elon Musk.

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Source: https://vov.vn/the-gioi/vi-sao-ty-phu-elon-musk-chi-khung-de-ung-ho-cuu-tong-thong-donald-trump-post1130245.vov

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