Elon Musk's support for Trump'

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Elon Musk's support for Trump's campaign has been a mixed bag for his companies, particularly Tesla. On one hand, Musk's endorsement may have alienated some customers, leading to canceled orders and potential losses in revenue ¹. For instance, a German pharmaceutical company, Rossmann, canceled a significant order of Tesla cars due to Musk's vocal support of Trump, citing concerns over climate change and sustainability ¹.

On the other hand, Trump's win might bring some benefits to Musk's businesses. As a key player in the electric vehicle (EV) market, Musk may see favorable policies or incentives under Trump's administration that could boost Tesla's sales and growth. Some potential advantages include:

- *Tax breaks*: Trump's administration might offer tax incentives or breaks to companies investing in EV technology, reducing Tesla's operational costs.

- *Deregulation*: Trump's policies may relax environmental regulations, potentially making it easier for Tesla to operate and expand its business.

- *Infrastructure development*: Trump's infrastructure plans could include investments in EV charging infrastructure, benefiting Tesla's customers and encouraging wider adoption of EVs.

However, it's essential to note that these potential benefits are speculative and depend on Trump's actual policies and actions. Musk's support for Trump has also sparked controversy and backlash, potentially harming his personal brand and Tesla's reputation ¹.

Ultimately, the impact of Trump's win on Elon Musk's businesses will depend on various factors, including the administration's policies, market trends, and consumer behavior.

How Musk's Clout with Trump Could Enrich His Companies

Nov 6 (Reuters) - Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency puts the billionaire entrepreneur in an extraordinary position of influence to help his companies secur

How Musk's Clout with Trump Could Enrich His Companies

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":368327564583136,"tweetId":"368327564583136","gmtCreate":1730941560888,"gmtModify":1730976306561,"author":{"id":3575196385895354,"idStr":"3575196385895354","authorId":3575196385895354,"authorIdStr":"3575196385895354","name":"Cedric77","avatar":"https://static.tigerbbs.com/e5ee082b05004f20d3486afedee30814","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":4,"crmLevelSwitch":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.11.15","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":185,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body>Elon Musk's support for Trump's campaign has been a mixed bag for his companies, particularly Tesla. On one hand, Musk's endorsement may have alienated some customers, leading to canceled orders and potential losses in revenue ¹. For instance, a German pharmaceutical company, Rossmann, canceled a significant order of Tesla cars due to Musk's vocal support of Trump, citing concerns over climate change and sustainability ¹.\nOn the other hand, Trump's win might bring some benefits to Musk's businesses. As a key player in the electric vehicle (EV) market, Musk may see favorable policies or incentives under Trump's administration that could boost Tesla's sales and growth. Some potential advantages include:\n- *Tax breaks*: Trump's administration might offer tax incentives or breaks to companies investing in EV technology, reducing Tesla's operational costs.\n- *Deregulation*: Trump's policies may relax environmental regulations, potentially making it easier for Tesla to operate and expand its business.\n- *Infrastructure development*: Trump's infrastructure plans could include investments in EV charging infrastructure, benefiting Tesla's customers and encouraging wider adoption of EVs.\nHowever, it's essential to note that these potential benefits are speculative and depend on Trump's actual policies and actions. Musk's support for Trump has also sparked controversy and backlash, potentially harming his personal brand and Tesla's reputation ¹.\nUltimately, the impact of Trump's win on Elon Musk's businesses will depend on various factors, including the administration's policies, market trends, and consumer behavior.</body></html>","htmlText":"<html><head></head><body>Elon Musk's support for Trump's campaign has been a mixed bag for his companies, particularly Tesla. On one hand, Musk's endorsement may have alienated some customers, leading to canceled orders and potential losses in revenue ¹. For instance, a German pharmaceutical company, Rossmann, canceled a significant order of Tesla cars due to Musk's vocal support of Trump, citing concerns over climate change and sustainability ¹.\nOn the other hand, Trump's win might bring some benefits to Musk's businesses. As a key player in the electric vehicle (EV) market, Musk may see favorable policies or incentives under Trump's administration that could boost Tesla's sales and growth. Some potential advantages include:\n- *Tax breaks*: Trump's administration might offer tax incentives or breaks to companies investing in EV technology, reducing Tesla's operational costs.\n- *Deregulation*: Trump's policies may relax environmental regulations, potentially making it easier for Tesla to operate and expand its business.\n- *Infrastructure development*: Trump's infrastructure plans could include investments in EV charging infrastructure, benefiting Tesla's customers and encouraging wider adoption of EVs.\nHowever, it's essential to note that these potential benefits are speculative and depend on Trump's actual policies and actions. Musk's support for Trump has also sparked controversy and backlash, potentially harming his personal brand and Tesla's reputation ¹.\nUltimately, the impact of Trump's win on Elon Musk's businesses will depend on various factors, including the administration's policies, market trends, and consumer behavior.</body></html>","text":"Elon Musk's support for Trump's campaign has been a mixed bag for his companies, particularly Tesla. On one hand, Musk's endorsement may have alienated some customers, leading to canceled orders and potential losses in revenue ¹. For instance, a German pharmaceutical company, Rossmann, canceled a significant order of Tesla cars due to Musk's vocal support of Trump, citing concerns over climate change and sustainability ¹. On the other hand, Trump's win might bring some benefits to Musk's businesses. As a key player in the electric vehicle (EV) market, Musk may see favorable policies or incentives under Trump's administration that could boost Tesla's sales and growth. Some potential advantages include: - *Tax breaks*: Trump's administration might offer tax incentives or breaks to companies investing in EV technology, reducing Tesla's operational costs. - *Deregulation*: Trump's policies may relax environmental regulations, potentially making it easier for Tesla to operate and expand its business. - *Infrastructure development*: Trump's infrastructure plans could include investments in EV charging infrastructure, benefiting Tesla's customers and encouraging wider adoption of EVs. However, it's essential to note that these potential benefits are speculative and depend on Trump's actual policies and actions. Musk's support for Trump has also sparked controversy and backlash, potentially harming his personal brand and Tesla's reputation ¹. Ultimately, the impact of Trump's win on Elon Musk's businesses will depend on various factors, including the administration's policies, market trends, and consumer behavior.","highlighted":1,"essential":1,"paper":1,"likeSize":22,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/368327564583136","repostId":2481566939,"repostType":4,"repost":{"id":"2481566939","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1730938947,"share":"https://www.laohu8.com/m/news/2481566939?lang=&edition=full","pubTime":"2024-11-07 08:22","market":"us","language":"en","title":"How Musk's Clout with Trump Could Enrich His Companies","url":"https://stock-news.laohu8.com/highlight/detail?id=2481566939","media":"Reuters","summary":"Nov 6 (Reuters) - Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency puts the billionaire entrepreneur in an extraordinary position of influence to help his companies secur","content":"<html><head></head><body>Nov 6 (Reuters) - Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency puts the billionaire entrepreneur in an extraordinary position of influence to help his companies secure favorable government treatment.Musk contributed at least $119 million to a pro-Trump spending group, federal records show, part of a wider strategy to insulate his companies from regulation or enforcement and boost their government support, according to Reuters interviews with six Musk-company sources familiar with his political and business dealings and two government officials who have extensive interactions with Musk firms. Musk has business interests that depend heavily on government regulation, subsidies or policy, from Tesla’s electric cars to Neuralink’s brain chips to SpaceX’s rockets.“Elon Musk sees all regulations as getting in the way of his businesses and innovation,” said one former top SpaceX official who spoke on condition of anonymity. “He sees the Trump administration as the vehicle for getting rid of as many regulations as he can, so he can do whatever he wants, as fast as he wants.”Musk endorsed Trump on July 13, the day the candidate was shot in the ear in a Pennsylvania assassination attempt. Musk was a frequent speaker for Trump during the waning days of his campaign and spent election night with the president-elect at his Mar-a-Lago club in Florida. Trump has also promised to make Musk an &#34;efficiency czar&#34; in his administration.Tesla, SpaceX, Neuralink, Musk and the Trump campaign did not immediately respond to requests for comment.Musk once fashioned his image primarily around fighting climate change by building electric cars to limit pollution and rockets that could one day help humans flee to Mars from a dying earth. He&#39;s now at the forefront of a growing class of Silicon Valley billionaires championing a libertarian movement as a backlash to the California region&#39;s historically liberal ideology - which Musk now derides as a “woke mind virus.”His rising political involvement could put his industrial empire in a position that current and former employees likened to the Gilded Age, when industry barons including J.P. Morgan and John D. Rockefeller held broad sway over government policy that impacted their companies and their wealth.Musk’s growing power excited his fans and backers who also view government as an impediment to his high-tech ventures, including Shervin Pishevar, a venture capitalist who has invested in SpaceX and advocated for Silicon Valley’s shift toward Trump. Cutting regulation, he said, would speed SpaceX&#39;s efforts to get to Mars.“He’s going to make America function like a startup,” Pishevar said of Musk. “There’s no greater entrepreneur in American history than Elon Musk.&#34;<h2 id=\"id_4217379956\" style=\"text-align: start;\">DRIVING AUTO POLICY</h2>Musk’s political ascension comes after perceived slights under the Biden administration that accelerated Musk&#39;s embrace of Trump’s rightwing populism. For example, Tesla wasn’t invited to an August 2021 EV summit at the White House that featured only unionized Detroit automakers that produce a fraction of the EVs Tesla sells.The fortunes of Tesla could rise or fall depending on a second Trump administration’s treatment of the diverse array of subsidies, policies and regulatory schemes governing electric and autonomous vehicles. Democratic administrations have historically championed many such pro-EV policies, with Tesla&#39;s support. Musk could potentially now protect them despite the Republican party’s traditional rejection of EVs - and Trump’s ridicule of Biden’s EV policy on the campaign trail.For Tesla, Musk’s goals include getting the U.S. National Highway Traffic Safety Administration (NHTSA), its primary federal safety regulator, to hold off on potential enforcement actions involving the safety of Tesla’s current driver-assistance systems, called &#34;Autopilot&#34; and &#34;Full Self-Driving,&#34; according to a person familiar with the matter. Musk, the person said, could also push for favorable regulation of autonomous vehicles and robotaxis that Tesla plans. For his new artificial intelligence startup xAI, Musk could shape nascent rules or a new agency, the person said.Musk said last month he expects to roll out driverless Teslas in California and Texas by next year, and start production in 2026 on a fully autonomous “Cybercab,” which would have no steering wheels and pedals. Tesla would need a waiver from NHTSA to produce such a vehicle. There are no nationwide regulations governing how autonomous vehicles can be deployed. That means operators have to deal with different regulations in each state.Musk bemoaned the challenges of the state-by-state regulatory landscape in a Tesla earnings call last month and advocated for one federal approval process.Despite Musk’s complaints of a stifling bureaucracy, SpaceX currently leads the world in government-financed rocket launches and Tesla sells nearly two million heavily subsidized EVs annually.Tesla shares were up 15% on Wednesday after Trump&#39;s election to a second term.At his brain-implant startup Neuralink, Musk has long complained that the slow FDA approval process has slowed the firm from implanting the device inside human brains. Musk could use his rising clout in a Trump administration to cut through some of the safety-related approvals in that process, according to a source familiar with the company’s operations.<h2 id=\"id_2931245544\" style=\"text-align: start;\">GROWING POWER</h2>Musk’s designs on setting up a lax regulatory environment comes as his companies already face fewer regulatory requirements and softer enforcement of current federal rules, according to the six Musk company sources familiar with Musk’s regulatory dealings and his political strategy. Some federal agencies already struggle to muster the political will to go after Musk companies for alleged policy violations or safety issues, they said, in part because Musk is the dominant player in highly-regulated and politicized industries such as electric cars and rockets.NASA, for instance, has relied on SpaceX’s know-how in such missions as the expected rescue of Boeing’s Starliner astronauts who are still stranded in space.NASA and other agencies often try to avoid alienating the company, said a federal official who is familiar with the company’s government interactions and spoke on condition of anonymity. “NASA needs SpaceX more than SpaceX needs NASA,” the official said.NASA has invested more than $15 billion into SpaceX. SpaceX is also separately developing a network of hundreds of spy satellites with a U.S. intelligence agency, Reuters has reported.A Reuters investigation last year documented at least 600 worker injuries at SpaceX facilities nationwide and found that Musk’s rocket company disregarded safety regulations and standard practices. Worker injury rates at SpaceX facilities also continued to exceed an industry average last year, according to a Reuters review of safety data.Neither NASA nor OSHA, which regulates worker safety, has taken any significant enforcement action against SpaceX over worker injuries and related reporting violations. NASA declined to comment on Musk’s potential influence after Trump’s election.Musk has nonetheless excoriated the government for trying to enforce the rules even as his company has moved faster than competitors. In an interview before the election, he described federal enforcement as overly harsh and said he aimed to get rid of “insane” regulations.“Eventually, you just can’t get anything done,” said Musk during an appearance at the All-in Summit, opens new tab, a gathering affiliated with a tech podcast by the same name.However, the U.S. government does not regulate the safety of participants in private space flights in orbit due to a temporary Congressionally imposed ban on the agency’s oversight, to encourage innovation in the industry. A Trump administration, influenced by Musk, is expected to push for softer regulations on this front, according to four SpaceX sources familiar with its regulatory strategy.Musk and SpaceX see the company’s dominance as evidence that it can handle less oversight, the sources said, even as an unfettered Musk could have unintended consequences for the industry.One former SpaceX official cautioned that taking a lax regulatory attitude in an industry as dangerous as rocket-building &#34;could blow up in everyone’s face and set back the industry for a decade.”</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Musk's Clout with Trump Could Enrich His Companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Musk's Clout with Trump Could Enrich His Companies\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2024-11-07 08:22\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>Nov 6 (Reuters) - Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency puts the billionaire entrepreneur in an extraordinary position of influence to help his companies secure favorable government treatment.Musk contributed at least $119 million to a pro-Trump spending group, federal records show, part of a wider strategy to insulate his companies from regulation or enforcement and boost their government support, according to Reuters interviews with six Musk-company sources familiar with his political and business dealings and two government officials who have extensive interactions with Musk firms. Musk has business interests that depend heavily on government regulation, subsidies or policy, from Tesla’s electric cars to Neuralink’s brain chips to SpaceX’s rockets.“Elon Musk sees all regulations as getting in the way of his businesses and innovation,” said one former top SpaceX official who spoke on condition of anonymity. “He sees the Trump administration as the vehicle for getting rid of as many regulations as he can, so he can do whatever he wants, as fast as he wants.”Musk endorsed Trump on July 13, the day the candidate was shot in the ear in a Pennsylvania assassination attempt. Musk was a frequent speaker for Trump during the waning days of his campaign and spent election night with the president-elect at his Mar-a-Lago club in Florida. Trump has also promised to make Musk an &#34;efficiency czar&#34; in his administration.Tesla, SpaceX, Neuralink, Musk and the Trump campaign did not immediately respond to requests for comment.Musk once fashioned his image primarily around fighting climate change by building electric cars to limit pollution and rockets that could one day help humans flee to Mars from a dying earth. He&#39;s now at the forefront of a growing class of Silicon Valley billionaires championing a libertarian movement as a backlash to the California region&#39;s historically liberal ideology - which Musk now derides as a “woke mind virus.”His rising political involvement could put his industrial empire in a position that current and former employees likened to the Gilded Age, when industry barons including J.P. Morgan and John D. Rockefeller held broad sway over government policy that impacted their companies and their wealth.Musk’s growing power excited his fans and backers who also view government as an impediment to his high-tech ventures, including Shervin Pishevar, a venture capitalist who has invested in SpaceX and advocated for Silicon Valley’s shift toward Trump. Cutting regulation, he said, would speed SpaceX&#39;s efforts to get to Mars.“He’s going to make America function like a startup,” Pishevar said of Musk. “There’s no greater entrepreneur in American history than Elon Musk.&#34;<h2 id=\"id_4217379956\" style=\"text-align: start;\">DRIVING AUTO POLICY</h2>Musk’s political ascension comes after perceived slights under the Biden administration that accelerated Musk&#39;s embrace of Trump’s rightwing populism. For example, Tesla wasn’t invited to an August 2021 EV summit at the White House that featured only unionized Detroit automakers that produce a fraction of the EVs Tesla sells.The fortunes of Tesla could rise or fall depending on a second Trump administration’s treatment of the diverse array of subsidies, policies and regulatory schemes governing electric and autonomous vehicles. Democratic administrations have historically championed many such pro-EV policies, with Tesla&#39;s support. Musk could potentially now protect them despite the Republican party’s traditional rejection of EVs - and Trump’s ridicule of Biden’s EV policy on the campaign trail.For Tesla, Musk’s goals include getting the U.S. National Highway Traffic Safety Administration (NHTSA), its primary federal safety regulator, to hold off on potential enforcement actions involving the safety of Tesla’s current driver-assistance systems, called &#34;Autopilot&#34; and &#34;Full Self-Driving,&#34; according to a person familiar with the matter. Musk, the person said, could also push for favorable regulation of autonomous vehicles and robotaxis that Tesla plans. For his new artificial intelligence startup xAI, Musk could shape nascent rules or a new agency, the person said.Musk said last month he expects to roll out driverless Teslas in California and Texas by next year, and start production in 2026 on a fully autonomous “Cybercab,” which would have no steering wheels and pedals. Tesla would need a waiver from NHTSA to produce such a vehicle. There are no nationwide regulations governing how autonomous vehicles can be deployed. That means operators have to deal with different regulations in each state.Musk bemoaned the challenges of the state-by-state regulatory landscape in a Tesla earnings call last month and advocated for one federal approval process.Despite Musk’s complaints of a stifling bureaucracy, SpaceX currently leads the world in government-financed rocket launches and Tesla sells nearly two million heavily subsidized EVs annually.Tesla shares were up 15% on Wednesday after Trump&#39;s election to a second term.At his brain-implant startup Neuralink, Musk has long complained that the slow FDA approval process has slowed the firm from implanting the device inside human brains. Musk could use his rising clout in a Trump administration to cut through some of the safety-related approvals in that process, according to a source familiar with the company’s operations.<h2 id=\"id_2931245544\" style=\"text-align: start;\">GROWING POWER</h2>Musk’s designs on setting up a lax regulatory environment comes as his companies already face fewer regulatory requirements and softer enforcement of current federal rules, according to the six Musk company sources familiar with Musk’s regulatory dealings and his political strategy. Some federal agencies already struggle to muster the political will to go after Musk companies for alleged policy violations or safety issues, they said, in part because Musk is the dominant player in highly-regulated and politicized industries such as electric cars and rockets.NASA, for instance, has relied on SpaceX’s know-how in such missions as the expected rescue of Boeing’s Starliner astronauts who are still stranded in space.NASA and other agencies often try to avoid alienating the company, said a federal official who is familiar with the company’s government interactions and spoke on condition of anonymity. “NASA needs SpaceX more than SpaceX needs NASA,” the official said.NASA has invested more than $15 billion into SpaceX. SpaceX is also separately developing a network of hundreds of spy satellites with a U.S. intelligence agency, Reuters has reported.A Reuters investigation last year documented at least 600 worker injuries at SpaceX facilities nationwide and found that Musk’s rocket company disregarded safety regulations and standard practices. Worker injury rates at SpaceX facilities also continued to exceed an industry average last year, according to a Reuters review of safety data.Neither NASA nor OSHA, which regulates worker safety, has taken any significant enforcement action against SpaceX over worker injuries and related reporting violations. NASA declined to comment on Musk’s potential influence after Trump’s election.Musk has nonetheless excoriated the government for trying to enforce the rules even as his company has moved faster than competitors. In an interview before the election, he described federal enforcement as overly harsh and said he aimed to get rid of “insane” regulations.“Eventually, you just can’t get anything done,” said Musk during an appearance at the All-in Summit, opens new tab, a gathering affiliated with a tech podcast by the same name.However, the U.S. government does not regulate the safety of participants in private space flights in orbit due to a temporary Congressionally imposed ban on the agency’s oversight, to encourage innovation in the industry. A Trump administration, influenced by Musk, is expected to push for softer regulations on this front, according to four SpaceX sources familiar with its regulatory strategy.Musk and SpaceX see the company’s dominance as evidence that it can handle less oversight, the sources said, even as an unfettered Musk could have unintended consequences for the industry.One former SpaceX official cautioned that taking a lax regulatory attitude in an industry as dangerous as rocket-building &#34;could blow up in everyone’s face and set back the industry for a decade.”</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","TSLL":"Direxion Daily TSLA Bull 2X Shares","BK4551":"寇图资本持仓","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","BK4527":"明星科技股","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","BK4592":"伊斯兰概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0823411888.USD":"法巴消费创新基金 Cap","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","BK4555":"新能源车","BK4585":"ETF&股票定投概念","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2063271972.USD":"富兰克林创新领域基金","BK4516":"特朗普概念","BK4588":"碎股","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU0823414478.USD":"法巴经典能源转换基金","LU0097036916.USD":"贝莱德美国增长A2 USD","SG9999015978.USD":"利安颠覆性创新基金A","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4511":"特斯拉概念","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1861215975.USD":"贝莱德新一代科技基金 A2"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2481566939","content_text":"Nov 6 (Reuters) - Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency puts the billionaire entrepreneur in an extraordinary position of influence to help his companies secure favorable government treatment.Musk contributed at least $119 million to a pro-Trump spending group, federal records show, part of a wider strategy to insulate his companies from regulation or enforcement and boost their government support, according to Reuters interviews with six Musk-company sources familiar with his political and business dealings and two government officials who have extensive interactions with Musk firms. Musk has business interests that depend heavily on government regulation, subsidies or policy, from Tesla’s electric cars to Neuralink’s brain chips to SpaceX’s rockets.“Elon Musk sees all regulations as getting in the way of his businesses and innovation,” said one former top SpaceX official who spoke on condition of anonymity. “He sees the Trump administration as the vehicle for getting rid of as many regulations as he can, so he can do whatever he wants, as fast as he wants.”Musk endorsed Trump on July 13, the day the candidate was shot in the ear in a Pennsylvania assassination attempt. Musk was a frequent speaker for Trump during the waning days of his campaign and spent election night with the president-elect at his Mar-a-Lago club in Florida. Trump has also promised to make Musk an \"efficiency czar\" in his administration.Tesla, SpaceX, Neuralink, Musk and the Trump campaign did not immediately respond to requests for comment.Musk once fashioned his image primarily around fighting climate change by building electric cars to limit pollution and rockets that could one day help humans flee to Mars from a dying earth. He's now at the forefront of a growing class of Silicon Valley billionaires championing a libertarian movement as a backlash to the California region's historically liberal ideology - which Musk now derides as a “woke mind virus.”His rising political involvement could put his industrial empire in a position that current and former employees likened to the Gilded Age, when industry barons including J.P. Morgan and John D. Rockefeller held broad sway over government policy that impacted their companies and their wealth.Musk’s growing power excited his fans and backers who also view government as an impediment to his high-tech ventures, including Shervin Pishevar, a venture capitalist who has invested in SpaceX and advocated for Silicon Valley’s shift toward Trump. Cutting regulation, he said, would speed SpaceX's efforts to get to Mars.“He’s going to make America function like a startup,” Pishevar said of Musk. “There’s no greater entrepreneur in American history than Elon Musk.\"DRIVING AUTO POLICYMusk’s political ascension comes after perceived slights under the Biden administration that accelerated Musk's embrace of Trump’s rightwing populism. For example, Tesla wasn’t invited to an August 2021 EV summit at the White House that featured only unionized Detroit automakers that produce a fraction of the EVs Tesla sells.The fortunes of Tesla could rise or fall depending on a second Trump administration’s treatment of the diverse array of subsidies, policies and regulatory schemes governing electric and autonomous vehicles. Democratic administrations have historically championed many such pro-EV policies, with Tesla's support. Musk could potentially now protect them despite the Republican party’s traditional rejection of EVs - and Trump’s ridicule of Biden’s EV policy on the campaign trail.For Tesla, Musk’s goals include getting the U.S. National Highway Traffic Safety Administration (NHTSA), its primary federal safety regulator, to hold off on potential enforcement actions involving the safety of Tesla’s current driver-assistance systems, called \"Autopilot\" and \"Full Self-Driving,\" according to a person familiar with the matter. Musk, the person said, could also push for favorable regulation of autonomous vehicles and robotaxis that Tesla plans. For his new artificial intelligence startup xAI, Musk could shape nascent rules or a new agency, the person said.Musk said last month he expects to roll out driverless Teslas in California and Texas by next year, and start production in 2026 on a fully autonomous “Cybercab,” which would have no steering wheels and pedals. Tesla would need a waiver from NHTSA to produce such a vehicle. There are no nationwide regulations governing how autonomous vehicles can be deployed. That means operators have to deal with different regulations in each state.Musk bemoaned the challenges of the state-by-state regulatory landscape in a Tesla earnings call last month and advocated for one federal approval process.Despite Musk’s complaints of a stifling bureaucracy, SpaceX currently leads the world in government-financed rocket launches and Tesla sells nearly two million heavily subsidized EVs annually.Tesla shares were up 15% on Wednesday after Trump's election to a second term.At his brain-implant startup Neuralink, Musk has long complained that the slow FDA approval process has slowed the firm from implanting the device inside human brains. Musk could use his rising clout in a Trump administration to cut through some of the safety-related approvals in that process, according to a source familiar with the company’s operations.GROWING POWERMusk’s designs on setting up a lax regulatory environment comes as his companies already face fewer regulatory requirements and softer enforcement of current federal rules, according to the six Musk company sources familiar with Musk’s regulatory dealings and his political strategy. Some federal agencies already struggle to muster the political will to go after Musk companies for alleged policy violations or safety issues, they said, in part because Musk is the dominant player in highly-regulated and politicized industries such as electric cars and rockets.NASA, for instance, has relied on SpaceX’s know-how in such missions as the expected rescue of Boeing’s Starliner astronauts who are still stranded in space.NASA and other agencies often try to avoid alienating the company, said a federal official who is familiar with the company’s government interactions and spoke on condition of anonymity. “NASA needs SpaceX more than SpaceX needs NASA,” the official said.NASA has invested more than $15 billion into SpaceX. SpaceX is also separately developing a network of hundreds of spy satellites with a U.S. intelligence agency, Reuters has reported.A Reuters investigation last year documented at least 600 worker injuries at SpaceX facilities nationwide and found that Musk’s rocket company disregarded safety regulations and standard practices. Worker injury rates at SpaceX facilities also continued to exceed an industry average last year, according to a Reuters review of safety data.Neither NASA nor OSHA, which regulates worker safety, has taken any significant enforcement action against SpaceX over worker injuries and related reporting violations. NASA declined to comment on Musk’s potential influence after Trump’s election.Musk has nonetheless excoriated the government for trying to enforce the rules even as his company has moved faster than competitors. In an interview before the election, he described federal enforcement as overly harsh and said he aimed to get rid of “insane” regulations.“Eventually, you just can’t get anything done,” said Musk during an appearance at the All-in Summit, opens new tab, a gathering affiliated with a tech podcast by the same name.However, the U.S. government does not regulate the safety of participants in private space flights in orbit due to a temporary Congressionally imposed ban on the agency’s oversight, to encourage innovation in the industry. A Trump administration, influenced by Musk, is expected to push for softer regulations on this front, according to four SpaceX sources familiar with its regulatory strategy.Musk and SpaceX see the company’s dominance as evidence that it can handle less oversight, the sources said, even as an unfettered Musk could have unintended consequences for the industry.One former SpaceX official cautioned that taking a lax regulatory attitude in an industry as dangerous as rocket-building \"could blow up in everyone’s face and set back the industry for a decade.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":470,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA","EV","TSLL"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1400,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}