May 30, 2024 9:42 PM | 2 min read
MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO
As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.
Ahead of the 2024 presidential election, Elon Musk has denied any discussions about taking on a role in a potential Donald Trump administration.
What Happened: Musk has refuted claims of discussions regarding a role in a potential Donald Trump presidency. According to CNBC, media sources suggested Trump might have offered Musk a special advisory position.
On Thursday, Musk responded on X, stating, “There have not been any discussions of a role for me in a potential Trump Presidency.” This clarification followed a post by Herbert Ong, a startup founder, YouTuber, and Tesla expert and investor, who mentioned an alleged growing alliance between Trump and Musk.
Trump and Musk have also reportedly touched on Tesla Inc. (NASDAQ:TSLA), SpaceX, and other ventures. Despite this, Trump has criticized electric vehicles on the campaign trail, while Musk has voiced concerns over EV subsidies and tariffs on Chinese EVs.
See Also: Elon Musk Weighs In Amid Reports Of Russia Jamming 90% Of Ukraine’s Missiles: ‘Signal Is Very Weak’
Why It Matters: The relationship between Elon Musk and Donald Trump has been under scrutiny for some time. In March, a former White House official revealed that Musk visited Trump “fairly regularly” during his presidency. This ongoing interaction has fueled speculation about Musk’s potential involvement in future political roles.
The news of Musk’s potential role in a Trump presidency comes on the heels of reports that the tech billionaire is advising Trump on crypto policy. This further cements the growing alliance between the two influential figures.
Trump’s reported interest in Musk comes amid his alleged pursuit of $1 billion in campaign funds from Exxon Mobil, Chevron, and other big oil executives.
Image Via Shutterstock
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
MEMORIAL DAY FLASH SALE: 50% OFF BENZINGA PRO
As we honor our freedom, take a stand today. Secure the financial freedom that both you and your family deserve. Get exclusive market moving news for just 50% off. Claim your 50% discount here.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.