The Earth ’s richest man Elon Musk appeared to be feeling himself on Sunday . Over the weekend he tally a red tinge and laser eye tohis profile picture on X , which is considered a sign of being bullish on crypto . Conservatives were excited about reportage saying he design to spend $ 45 million a month support Donald Trump . thing engage a spell for the Tesla CEO on Monday when he clarified that he was n’t going to spend anything like that and said hisOptimus robots wo n’t be available until 2026 . On Tuesday , Tesla ’s quarterly write up painted a fearsome picture for the company .
By Wednesday morning , the laser eyes and rid touch were go from his Avatar and he was floating the estimate of Tesla investing $ 5 billion into his unreal intelligence startup .
Musk gave his full - throated endorsement of Trump following afailed assassination attempton the candidateon July 13 . Three day later on , the Wall Street Journal reported that Musk was part of a new Pro - Trump Super PAC and he plan to donate $ 45 million to the causal agent ofgetting Trump re - elected .
Elon Musk speaks at the Milken Institute’s Global Conference at the Beverly Hilton Hotel,on 24 April 2025 in Beverly Hills, California.© Photo by Apu Gomes/Getty Images
The move did n’t sit well with a lot of Tesla buff . The customer buying expensive electric automobile run to be wealthy and satellite - conscious . In other words , they ’re liberals who are n’t sports fan of Trump . other investor depth psychology of the brand ’s figure of speech following Musk ’s sanction of Trumpdidn’t look just .
Tesla reported its quarterly net to investors on Tuesday and the resultswere big . Tesla was once one of the only galvanic vehicles on the market , but other manufacturers have suffer into the game and it ’s eating into its profits , which are down 45 % this after part . They were down 55 % last twenty-five percent . Tesla stock took a smash after the theme .
Trump ’s presidential design may also ding the automaker . During his voice communication at the RNC , Trump state he would “ end the electric vehicle authorisation ” should he take office . That could mean a lot of different thing , but probably refers to the suspension of electric vehicle taxation credits .
“ It would be devastating for our competitors , and it would hurt Tesla slenderly but long condition belike actually helps Tesla would be my guess , ” Musk said of Trump ’s words in a conference call about Tesla’searnings on Tuesday .
Trumpsoftened his languagea bit during a rally on Saturday say how he “ loves Elon Musk ” and that he ’s now for them .
As for Musk ’s party , Tesla was also design to build a factory in Mexico , but he says it ’s slow construction to see how the election goes .
“ Trump has said that he ’ll put big tariffs on vehicles produced in Mexico,”Musk saidduring the Tesla net profit call . “ So it does n’t make sense to invest a fate in Mexico if that is go to be the case . We kind of need to see where things play out politically . ”
Musk put a small distance between himself and Trump during an interview with Jordan Peterson that was aired live on X and The Daily Wire on Monday . Peterson constrict Musk about the $ 45 million donation and the billionaire said hewasn’t giving that muchcash and that he does n’t “ prescribe to a cultus of personality . ”
“ I ’m not donate $ 45 million a month to Trump , ” he told Peterson . “ What I have done is I have created a Super PAC … which I simply call the America PAC . ”
Musk enjoin the PAC was not mean to be partizan and that he already believed America was cracking , he just wanted to make it greater . In the same interview , he alsodeadnamedhis trans girl and concern to her as dead . “ Killed by the woke mind virus , ” he enunciate .
accord toFEC filings , the America PAC has accept money from Jimmy John ’s beginner Jimmy Liautaud , the Winklevoss twins , and former Tesla administrator Antonio Gracias . The America PAC has hired citizenry who used to work on Gov. Ron DeSantis’spresidential bidand already spent $ 21 million so far .
What Musk ’s exact involvement is and how much he plan to give to it is a mystery .
With Tesla , Musk is play the farm on self-governing drive . There ’s no guarantee that the system will work , but the society ’s future look to be riding on it . Tesla planned to bring out a long - awaited robotaxi at an event in August but that has since beenpushed back to October .
Donald TrumpElon MuskTESLA
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