Trending Topics

Is Elon Musk and His Empire in Danger Under Trump's Administration?

Nov 16, 2016 09:53 AM EST
Detroit Hosts Annual North American International Auto Show
Elon Musk believes the new Trump administration won't have much of an effect to his entire business empire.
(Photo : Bill Pugliano/Getty Images)

Like opposite poles, billionaires and businessmen Elon Musk and President-elect Donald Trump don't seem to agree on a lot of things. Does this mean Musk's empire is in danger under Trumps administration?

Elon Musk's companies especially Tesla and SolarCity are built to reduce the use of fossil fuel that explains his lineup of products such as the solar roof and electric cars while President-Elect Donald Trump once called climate change a hoax. The question now is, will Musk's empire thrive while Trump is in office?

Some say Musk was able to build an empire due to the support of the government under President Barack Obama. Obama may not have a direct hand in Musk's business empire but POTUS is in support of the 'politically-correct' technologies that Musk and his companies pushed forward.

Under Obama's administration, Musk managed to build a gigafactory and to acquire SolarCity. And lately, Musk dreams of making the trip to Mars cheaper, to which Obama openly supported.

Currently, Musk is the CEO of Tesla that produces of electric cars, SolarCity that provides solar energy functions and services and SpaceX that is in the running to become the first colonizers on Mars.

But things may turn upside down if Musk and Trump won't be able to figure out a way to work side by side.  The success of all three companies relied on federal and state funding, according to a report by Forbes.

"I feel a bit stronger that he is probably not the right guy. He doesn't seem to have the sort of character that reflects well on the United States," Elon Musk said in an interview describing Trump and his bid for the presidency.          

If Musk's winning streak and progress continue, SpaceX may indeed send the first humans to Mars in 2025. That is if the Trump administration will not dampen Musk's and his companies thriving business.

But the Trump government may put a stop to Musk's access to federal funding, a report says. If this is true, it could be a disaster not only to SpaceX and its mission to Mars but to Elon Musk's entire empire.

But despite what business analysts say, Musk is confident that the Trump administration won't dampen his environmentally-responsible businesses and space programs. "I don't think it's very high, it's not going to make too much of a difference honestly," SpaceX and Tesla CEO Elon Musk said in the same interview.


© 2018 All rights reserved. Do not reproduce without permission.

Join the Conversation

Email Newsletter
About Us Contact Us Privacy Policy Terms&Conditions
Real Time Analytics