Cathie Wood of Ark Invest highlights the significant influence of the US government on Elon Musk’s businesses, particularly amidst his public feud with Donald Trump. She notes that Musk’s firms like Tesla and SpaceX depend heavily on government contracts, loans, and subsidies. The controversy escalated following Musk's criticism of Trump's spending bill, revealing tensions that could impact Musk's ventures. This situation illustrates the growing awareness among investors about the intertwined relationship between Musk's companies and government funding.
I think the way this is evolving is Elon, Tesla, and investors are beginning to understand more and more just how much the government has control here.
Elon is involved in companies that are depending on the government.
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