According to Deep Tide TechFlow news, on November 7, it was reported by (Fortune) that Tesla and SpaceX CEO Elon Musk invested over $130 million to support Trump's presidential campaign, a move that could bring huge returns to his business empire.
In his victory speech, Trump highly praised Musk's SpaceX and Starlink satellite internet project, suggesting that these businesses may obtain government contracts. Trump also stated that he would establish a new position of 'government efficiency' in his administration at Musk's request.
Analysis suggests that Musk's support for Trump may be due to the following considerations:
1. Easing regulations: Trump has promised to reduce regulations, which could benefit several of Musk's companies.
2. Securing government contracts: Over the past decade, SpaceX and Tesla have secured at least $15.4 billion in government contracts.
3. Influencing policy-making: Regulatory policies related to rocket launches, autonomous driving, artificial intelligence, and other fields.
4. Protecting subsidies: Such as tax credits for electric vehicles.
The stock prices of Elon Musk's companies have risen, with Tesla's stock soaring 15% after Trump's victory speech. Industry insiders believe that Musk's move is part of seeking a more relaxed regulatory environment and more government subsidies for his companies.