New Delhi: 'If Trump loses, I will be ruined... How long do you think my prison sentence will be?' American billionaire and Tesla owner Elon Musk said this in an interview to American political commentator Tucker Carlson.
The first principle of any deal is that before placing a bet, the profit and loss should be fully negotiated. Even novice businessmen know this. In such a situation, if an experienced businessman like Elon Musk makes a big bet, that too in politics apart from business, then it has many meanings.
Musk was working very hard to make Trump win. He supported Trump with all his heart and soul. Trump also mentioned Musk especially after he won and called him a genius star. Now the question arises that what will be the benefit and loss to Musk, who has put in all his heart and soul for Trump, from his victory.
What did Musk do for Trump?
The owner of the world's largest electric car maker Tesla has put in everything he could to ensure Donald Trump's victory in the current presidential election. He started this by buying the social media platform Twitter (now X) about two years ago. Now political experts are also agreeing that this played a very important role in turning the atmosphere in Trump's favour.
In fact, Trump lost the 2021 presidential election. He accused social media platforms like Facebook and Twitter of rigging the elections to defeat him. Both these platforms banned Trump's account for making inflammatory speeches. Then Musk bought Twitter and removed the ban on Trump's account. This helped Trump and his supporters reach a large section of voters.
12,761 percent return on investment for Trump
Data from the US Election Commission shows that Elon Musk donated nearly $119 million to political committees supporting Trump. He has appeared with Trump at rallies and has also taken interviews promoting him on his social media platform X. He has also repeatedly targeted Trump's rival and Democratic Party candidate Kamala Harris in his posts.
Musk also got his reward when Trump won. Tesla shares closed with a gain of 15 percent on Wednesday. Musk owns 411 million shares of Tesla. His wealth increased by more than $15 billion. This is equivalent to a 12,761 percent return on the $119 million donated to Trump. Tesla shares have risen only 1 percent so far this year, so it is clear that Musk's investment did not go in vain.
Will Trump's victory harm Tesla?
Tesla have also increased. In fact, Trump is considered a staunch opponent of electric vehicles. He claims that electric vehicles are very expensive, their range is limited, and they will destroy the American auto industry along with jobs. At the same time, the policies of the Joe Biden government were in favor of electric vehicles.
The Biden administration has given billions of dollars in loans for EV manufacturing. If Kamala Harris had won, these policies would have obviously continued. However, if Trump ends government aid for electric vehicles as promised, Tesla is unlikely to suffer much. Tesla has now reached a point where it does not need government aid anyway.
Will Elon Musk become a minister?
Elon Musk has openly expressed his desire to become Donald Trump's advisor. During a rally for Trump, he expressed concern over America's increasing debt. Musk had said, "People's money is being wasted. I can save at least 2 trillion dollars from America's budget." America's debt has reached 35.7 trillion dollars. The government is spending more than 1 trillion dollars annually only on paying interest. He called it a financial emergency and talked about an immediate solution.
At that time, there was a lot of talk that if Trump wins the presidential election, Musk could be made the finance minister. Now that Trump has won, perhaps there is an opportunity as well as a tradition to make Musk the finance minister. After all, he had put everything at stake for Trump.
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