“The United States is rapidly heading towards bankruptcy,” the owner of Tesla and SpaceX, Elon Musk, wrote on his X page on the same social network, showing active interest in Donald Trump Jr.’s proposal to buy the MSNBC television channel. .
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With the bankruptcy prophecy, Musk responded to information from the Department of Government Effectiveness (DOGE) on the state of the US budget. The publication claimed that the government spent $6.16 trillion in 2023, although only $4.47 trillion was collected in taxes.
Nowadays, Elon Musk’s comments are followed even more closely than before, as Donald Trump named him as one of the leaders of DOGE, as he once mentioned. The billionaire thus became an influential figure not only in business but also in politics. He is expected to cut the country’s budget and reform the entire network of federal agencies.
Former German Chancellor Angela Merkel considers Musk’s strong position in the new government an “unheard-of challenge,” although she did not characterize him as a greater threat than Trump.
“Politics must determine the social balance between the powerful and ordinary citizens. <...> And if this last resort is too influenced by corporations, whether through the power of capital or technological capabilities, then this represents an unprecedented challenge for all of us,” he explains his position in an interview with Der Spiegel.
The businessman, according to Bloomberg, has benefited significantly from the political reorganization. Over the course of the year, his fortune grew by almost $120 billion; The peak growth of its shares occurred during the US elections (since November 4, Tesla Inc shares have risen 45%, for example). As a result, Musk broke his own record and topped the list of the richest people in the world with a fortune of $347.8 billion (the previous maximum was $340.4 billion).
Amid such growth, Musk is open to new proposals. For example, he was openly interested in Donald Trump’s son’s proposal to buy the MSNBC television channel. In response to a joke: “Hey, Elon Musk, I had a really funny idea,” he clarified the cost and hinted that he could come to the office “with a sink” (that’s how he once came to the office to use Twitter).
However, the idyllic relationship between Trump and Musk may be in danger, because the politician and the businessman have an obstacle: China. Elon’s mother, May Musk, 76, is known to be one of the style icons in China, as Bloomberg writes. And Musk himself is interested in business in this country, because the Tesla plant is located here. And the company intends to strengthen ties with the People’s Republic of China, as its leader said in a meeting with the Premier of the State Council of the People’s Republic of China, Li Qiang.
Author:
Ekaterina Alipova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
