From yesterday's NYT. So much for draining the swamp.
Musk has a lot to gain from a second Trump administration. His businesses are already entangled with the federal government, which awarded them $3 billion in contracts across numerous agencies last year. His rocket company, SpaceX, launches military satellites and shuttles astronauts to the International Space Station. Even before the election, Musk asked Trump to hire SpaceX employees at the Defense Department, presumably to further strengthen their ties.
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Musk views government regulation as more than just a drain on profits. He is a techno-utopian who sees his work — from trying to colonize Mars to implanting computer chips in people’s brains that will enable them to control devices with their thoughts — as vital to the long-term survival of the human race, and he doesn’t want bureaucracy to stand in his way. “The Department of Government Efficiency is the only path to extending life beyond Earth,” he wrote last month on X.
At the same time, some government regulations have proved enormously beneficial to him. Tesla generates billions of dollars selling zero-emission vehicle credits to carmakers that don’t make enough electric cars to earn them.
Cultivating Trump seems to be paying off. Trump was a harsh critic of electric vehicles; he accused them of hurting American autoworkers while helping China and Mexico. But on the campaign trail this year, Trump said that he was “for electric cars” because “Elon endorsed me very strongly.” And that was before Musk relocated to Pennsylvania during the homestretch and spent nearly $120 million to help Trump win.