Hyperdrive

Musk’s Trump Wager Sets Up Shield for Tesla, Gains for SpaceX

The Republican nominee has vowed to reverse Biden’s EV policies, but other aspects of Trump’s agenda would benefit his billionaire benefactor.

Tesla and SpaceX CEO Elon Musk with then-President Donald Trump in May 2020 at the Kennedy Space Center in Cape Canaveral, Florida.
Photographer: Alex Brandon/AP Photo

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By Dana Hull

July 18, 2024 at 4:00 PM UTC

This article is for subscribers only.

In endorsing Donald Trump and pledging vast sums to his reelection campaign, Elon Musk has positioned himself to cajole a former US president who’s otherwise skeptical of electric cars.

As for the rest of his agenda, there’s a lot to like for SpaceX, X and Musk’s three other companies.