I’ve been wondering about that because it seems like the relationship is increasingly unbalanced in Trump’s favor.
Musk is very exposed to Trump now: he needs pardons or abeyance of enforcement for DOGE, all of his companies are exposed to multiple regulators, and he depends on government contracts. A lot of the money he throws around in politics is leveraged on his stock holdings, so a regulatory move which affects that would also cut into his ability to fight back.
In contrast, while Trump was somewhat addicted to X he doesn’t need it after the election the way he did before and he’s shifted a lot to Truth Social. Before the election, he depended on Musk’s money but he’s been taking in a huge war chest which he can use to keep Republicans in line, too.
Musk is very exposed to Trump now: he needs pardons or abeyance of enforcement for DOGE, all of his companies are exposed to multiple regulators, and he depends on government contracts. A lot of the money he throws around in politics is leveraged on his stock holdings, so a regulatory move which affects that would also cut into his ability to fight back.
In contrast, while Trump was somewhat addicted to X he doesn’t need it after the election the way he did before and he’s shifted a lot to Truth Social. Before the election, he depended on Musk’s money but he’s been taking in a huge war chest which he can use to keep Republicans in line, too.