Skip to content

Trump Hints at Appointing Elon Musk to Top Role if Re-elected as President

Donald Trump CFN
  • Trump may offer Elon Musk a cabinet or advisory role if he secures a second presidential term.
  • Musk’s proposal for a government efficiency commission gains favor with Trump, hinting at future collaboration.
  • Despite supporting EVs, Trump suggests gasoline and hybrid cars may still hold a market share due to cost concerns.

Former U.S. President Donald Trump announced on Monday that he would consider appointing Tesla and SpaceX CEO Elon Musk to a cabinet position or an advisory role if he secures a second term in office. 

This proposal follows Musk’s public endorsement of Trump in July, just weeks after the former president survived an assassination attempt at a campaign event in Pennsylvania. Trump’s remarks came during a Reuters interview after a campaign stop in York, Pennsylvania.

Trump noted that he would gladly welcome Musk into his administration, describing him as a “brilliant guy” with impressive intelligence. When asked about the specifics of such a role, Trump indicated he would extend the offer if Musk showed interest. However, there were no details on what specific role Musk might hold if Trump were to win the presidency again.

Potential Role in Government Efficiency

During a live chat on X, Musk introduced the idea of forming a commission focused on improving government efficiency. Trump responded favorably to the proposal, expressing his eagerness to see taxpayers’ money spent responsibly. 

Trump added that he would be “happy to help out on” such a project and indicated that Musk could potentially play a significant role in overseeing efforts to ensure effective use of public funds. Although no formal agreements have been made, Trump’s interest in Musk’s suggestion hints at potential future collaboration.

No Final Decision on EV Credits

Despite his reservations, Trump clarified that no final decision has been made regarding the $7,500 tax credit for electric vehicles. He indicated that he remains open to various approaches, suggesting that his administration might consider alternative policies. Trump previously sought to remove the credit during his first term, though it was later expanded by President Joe Biden in 2022.

As the November election approaches, Trump’s statements signal potential changes in U.S. policy regarding electric vehicles, particularly around tax incentives and regulations affecting automakers. This could have notable implications for Tesla and other companies involved in the EV industry, though the final outcomes remain uncertain.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Shares:

Related Posts

market news contact