How Musk's clout with Trump could enrich his companies


Tesla CEO and X owner Elon Musk speaks next to Republican presidential nominee and former U.S. president Donald Trump during a campaign rally, at the site of the July assassination attempt against Trump, in Butler, Pennsylvania, U.S., October 5, 2024. REUTERS/Brian Snyder/File Photo

(Reuters) -Elon Musk’s backing of Donald Trump’s decisive victory for a second presidency gives the billionaire entrepreneur extraordinary influence to help his companies secure favorable government treatment.

Musk contributed at least $119 million to a pro-Trump spending group, federal records show, and tirelessly touted the former president at the critical late stage of his campaign.

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