Elon Musk, initially a strong critic of Donald Trump during the 2016 elections, shifted his political alignment as he found common ground in Trump's agenda focused on tax cuts and deregulation. This pivot led to Musk backing Trump's reelection in 2024 and taking on an advisory role in the administration. His efforts led to controversies, particularly regarding public spending, which affected Tesla's stock price and prompted investor pressure. Missteps in their relationship culminated in a public feud over tax policies and allegations, showcasing the volatile intersection of business and politics.
After months of pressure from investors, Musk agreed last month to scale back his work in Trump's government. This move reflects investor concerns on his political activities.
Elon Musk, frustrated with Obama-era regulations, shifted allegiance to Trump, finding common ground in policies of tax cuts and deregulation. Their relationship evolved into a strong political alliance.
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