After Trump, supported by Elon Musk, won the U.S. presidential election, Tesla (TSLA.O) saw its stock rise by 14.75% on Wednesday, U.S. time.
According to Forbes' billionaire list, Tesla's surge increased Musk's wealth by $20.9 billion in a single day, bringing his total assets to $285.6 billion, far surpassing Jeff Bezos, who ranks second on the global billionaire list.

With Trump back in the White House, Musk became a 'Mao Baoguo', as people realized Musk had written in his biography published last year, 'I think it is important to have an inclusive and trustworthy digital public space.' He paused and added, 'Otherwise, how can we help Trump get elected in 2024?'

Forbes wrote in this article that Trump's administration could bring about policy loosening that would benefit Musk's companies. SpaceX and Starlink are expected to face reduced regulatory pressure and compete for more government contracts; Tesla may also gain support in autonomous driving regulations and electric vehicle tax incentives; The Boring Company and Neuralink could benefit from infrastructure projects and faster approval processes. Musk will leverage his relationship with Trump to influence policies across multiple sectors and drive business growth.

The following is the original content (edited for readability):

On election night, Trump not only confirmed that he was one of the biggest winners of the evening, but also made Elon Musk the center of attention. In this disorganized victory speech, Trump spent a considerable amount of time thanking Musk. Recently, Musk has invested over $130 million and a significant amount of time and tweets supporting conservative politics, and Trump particularly praised Musk's rocket company SpaceX and its Starlink internet satellites—two business sectors with significant government contract potential.

'We must protect these super geniuses,' said the elected president. During the campaign, Trump also revealed that at Musk's request, he would establish a 'government efficiency' position specifically to support the tech entrepreneur.

Musk is known for opposing government interference, and whenever faced with fines or penalties, he always points out that it is government overreach. Therefore, it is not surprising that he aligns with Trump, who has promised to ease regulations.

Besides potential reductions in government regulation, Musk's alliance with Trump may also help him secure more federal contracts. According to The New York Times, SpaceX and Tesla have received at least $15.4 billion in government contracts over the past decade. According to Reuters, Musk's associates and government officials indicate that the billionaire's support for Trump is also aimed at better protecting his companies from regulation and ensuring government subsidies.

Here are some ways Musk's various businesses could benefit after Trump's return to the White House:

SpaceX has had a tense relationship with the Federal Aviation Administration (FAA); in September, Musk called for FAA Administrator Michael Whitaker to resign after SpaceX was fined $630,000 for rocket launch violations. Musk has stated that he hopes to establish a 'government efficiency department' (abbreviated as DOGE) under the Trump administration, one of whose tasks would be to ease regulations on rocket launches.

Meanwhile, SpaceX's satellite internet service Starlink may also receive better treatment from the Federal Communications Commission (FCC) during Trump's term, especially if Trump appoints Republican Commissioner Brendan Carr to replace current Chair Jessica Rosenworcel. Carr has described the FCC's 2022 decision to revoke Starlink's $885 million subsidy as 'regulatory harassment.' Trump has also proposed using Starlink's satellite services to provide internet connectivity to remote areas, which could yield financial benefits for Starlink and is part of the government's future $42 billion broadband funding plan.

X

After Musk acquired former Twitter for $44 billion, the Federal Trade Commission (FTC) investigated whether he and X violated existing FTC data privacy agreements. Following the acquisition, Musk cut the privacy and security team responsible for ensuring compliance, raising the FTC's concerns. Last week, Musk promised that if Trump returned to power, he would 'fire' FTC Chair Lina Khan. Although Trump's vice presidential candidate JD Vance praised Lina Khan for her tough stance on antitrust, Musk seems unconcerned about these differences.

xAI

Musk's generative AI startup xAI has developed a chatbot to compete with large language models like OpenAI's ChatGPT, so he is particularly attentive to any regulatory policies that may affect AI development.

So far, discussions on comprehensive regulation of AI companies at the federal level have not materialized. However, Musk can still influence policy by suggesting alternative options for easing regulations to Trump, replacing the Biden administration's AI executive order. This order sets certain limits on the use and development of AI.

In California, Musk supported the controversial safety bill SB 1047, which attempted to constrain large AI companies but faced strong opposition from venture capital firms and large developers who believe the potential risks of AI cannot be overlooked.

Tesla

Last month, federal automotive safety regulators launched an investigation into Tesla's full self-driving mode after a Tesla driver using that mode struck and killed a pedestrian.

Musk may use his influence to affect federal regulations on autonomous vehicles, especially federal automotive safety enforcement. He is particularly focused on this area, as Tesla hopes to launch autonomous ride-hailing services to challenge more established competitors like Alphabet's Waymo and General Motors' Cruise.

Musk may also pressure Trump to oppose the Biden administration's electric vehicle tax credit policy, which aims to encourage consumers to purchase electric vehicles.

However, Trump has promised to raise tariffs on competitive countries like China, which could have complex effects on Musk. Limiting the import of cheap electric vehicles could reduce Tesla's competition in the U.S. market, but an escalated trade war could also impact the entire tech industry, especially the chip supply chain that relies on China and Taiwan.

In any case, investors are optimistic about this prospect: after Trump's victory speech, Tesla's stock price soared 15%.

The Boring Company

Musk's vision for high-speed transportation, such as The Boring Company's 'Loop' project, has been hindered by regulatory and technical limitations. The company is currently promoting a lower-tech version that transports passengers using Tesla vehicles through underground tunnels near the Las Vegas Convention Center. This project is also facing investigations from the Occupational Safety and Health Administration (OSHA) regarding workplace safety.

Despite high costs, complex infrastructure, and unsafe conditions, Musk blames government over-regulation for the failure of tunnel projects in other cities. With government allies, The Boring Company may find it easier to win large infrastructure projects.

As the founder of brain-machine interface company Neuralink, Musk has repeatedly criticized the FDA for its lengthy approval processes for new drugs and medical devices. At a rally in Pennsylvania, he stated, 'Over-regulation is costing lives.'

Even though the cancer drugs he mentioned have actually been approved, Musk still believes that easing regulations can accelerate Neuralink's approval process. Currently, Neuralink has implanted FDA-approved brain-machine interface devices in two patients.