Billionaire Elon Musk 'plays big', supporting Mr. Trump makes him a millionaire, what is his calculation here?

Why did the richest man on the planet like Elon Musk, owner of social network X, CEO of SpaceX and Tesla... become the biggest sponsor and most enthusiastic supporter of Republican candidate Donald Trump, what is he calculating?

US Election: Billionaire Elon Musk 'plays big', supporting Mr. Trump makes him a millionaire, what is his calculation here?

Last weekend, on the main stage at the Lancaster Town Hall in the important battleground state of Pennsylvania, billionaire Elon Musk continued to present a check worth $ 1 million to the next person. As promised - a random reward for people who signed a petition supporting free speech and gun ownership - announced earlier this month by the super political action committee (America PAC) founded by Mr. Musk (7/2024) and is working to support Mr. Donald Trump's 2024 presidential campaign.

The millionaire this time is voter Judey Kamora, America PAC's website confirmed, saying that previously, many voters in swing states had "earned" $1 million.

It is true that with just 1 signature you will have the chance to become a millionaire. Elon Musk - the richest person on the planet has implemented a reward of 1 million USD every day, until the day American voters go to the polls for the presidential election (November 5).

Last week (evening of October 20), at an event in Pittsburgh, also in Pennsylvania, a giant check worth 1 million USD was also handed to Kristine Fishell by billionaire Elon Musk.

After her name was announced as the winner, Fishell, wearing a red T-shirt bearing Mr. Trump’s image, ran from the second-floor balcony of the auditorium to the stage where the billionaire was waiting. She thanked the generous billionaire not only for the money, but also for his efforts to protect free speech.

Many have questioned the legality of the gift, with the Justice Department warning Tesla’s CEO that it may be illegal. Some experts have warned that this form of voter rewards may violate federal law, which prohibits paying people to register to vote. But at the social network X boss’s award ceremony, no one really cared about the issue.

That reward attracted a large number of Americans to sign the petition, hoping to become overnight millionaires. By asking voters to sign the petition, America PAC was able to collect the contact information of potential voters, thereby mobilizing them to vote for former President Trump.

Voter Judey Kamora was among those who received $1 million from the tech billionaire. (Source: Getty Images)

Elon Musk has declared his "all-in" support for Mr. Trump, even saying that he is "risking his life" by accompanying the former President. But the tech mogul has not always been a Trump supporter; Musk has previously been a Silicon Valley libertarian and often calls himself a centrist and "politically moderate."

Analysts say that billionaire Musk's "U-turn" is not entirely related to business interests.

So why does billionaire Musk support Mr. Trump so enthusiastically, including dancing on stage next to the Republican candidate at campaign rallies and spending nearly $120 million on America PAC to support the former President?

The obvious answer is that there is a potential future leader who supports Mr Musk’s business interests. “The tech billionaire believes that if Mr Trump wins, it will lead to more NASA contracts for SpaceX, more federal contracts for Starlink, more incentives for Tesla, Section 230 protection for Twitter and other opportunities in his portfolio,” venture capitalist and political strategist Bradley Tusk told Euronews Next .

However, this is a "big gamble" for Mr. Musk because if Ms. Kamala Harris wins, "the difficulty for him will be much greater than if he does nothing," strategist Tusk commented.

In addition, observers also believe that former President Trump's victory could also see billionaire Musk directly involved in politics. Republican candidate Donald Trump once said that he would "definitely" appoint Mr. Musk to a cabinet or advisory position if elected, while also praising Elon Musk as a smart person.

Media reports suggest that the tech billionaire is eyeing a position as the Secretary of the Department of Government Efficiency (DOGE) in the new administration, if Trump is re-elected. Many respondents said they were not concerned about the idea of ​​the world’s richest man taking a position in the new US administration, despite the numerous potential conflicts of interest, as Musk’s businesses hold many billion-dollar contracts with the US government.

Most recently, in an online conference event held on the X platform on October 31, billionaire Elon Musk revealed that he was “praying for the victory” of former President Trump and was ready to take on the position of Secretary of Cost Reduction - as the Republican candidate had declared he would. This is a rather important position for the US economy, because reducing the national debt and committing to reduce capital expenditures were pledged by previous US Presidents, but in reality, there have been no significant results.

NBC News assessed that Mr. Musk's willingness to talk about cutting spending and the drastic moves he has made in the giant economic corporations he runs such as Tesla and SpaceX, have made candidate Trump's economic policies more credible in the eyes of voters.

Someone also asked Elon Musk if he would consider running for US President in 2028. The world's richest billionaire explained that he did not want to do that job and could not do so because he was born in South Africa, while the US constitution stipulates that presidential candidates must be born in the US.

Source: https://baoquocte.vn/bau-cu-my-ty-phu-elon-musk-choi-lon-ung-ho-ong-trump-la-thanh-trieu-phu-da-co-tinh-toan-gi-o-day-291913.html