In the globally watched power transition, Trump has been elected as President of the United States again. This move not only changes the political landscape of the United States but also triggers a wealth storm in the business world. The central figure of this storm is Elon Musk, hailed as Trump's 'first contributor.'
With Trump's victory, Musk's industry market value soared overnight, and his personal wealth skyrocketed, firmly holding the title of the world's richest person. This intertwining of capital and power seems like a thrilling wealth game.
Musk bets on Trump, wagering the future of his business empire
This tech giant not only publicly supports Trump on social media but also generously donated $120 million to support his campaign. Such a political investment is undoubtedly a gamble, betting not on others, but on his own massive business empire.
What is Musk betting on? It's Trump's policy tendencies towards the tech industry, especially support for new energy and autonomous driving. If Trump is re-elected, the benefits from this bet will far exceed his investment. As expected, after the news of Trump's victory, Tesla's stock price soared by 14.75%, with a market value increase of $119 billion overnight, reaching a total market value of $926 billion.
This inevitably recalls historical alliances of capital and power — Rockefeller, Carnegie, who all understood how power aids in the accumulation of wealth. Today, Musk has taken this logic to the extreme in his own way.
Trump's first 'big gift' after taking office: 'Policy Protection'
Trump's praise for Musk during his victory speech was overflowing, calling him a 'new star' and a 'super genius.' The market generally predicts that the Trump administration may approve Tesla's autonomous driving project more quickly, which is a crucial step for Tesla.
Such 'protection' raises the question: what kind of policy returns has Musk's political investment brought? As countries around the world tighten their scrutiny on new energy and autonomous driving, the U.S. government's 'deregulation' may allow Tesla to be a step ahead in technological innovation, giving Musk a greater advantage in the new energy vehicle sector.
The 'American Glory' behind the Mars dream
Trump not only supports Musk's company economically but also promised full support for Musk's Mars plan during his campaign. As the only private company in the world capable of Mars exploration, SpaceX not only undertakes Musk's personal space dream but also bears the future of the United States in the field of space exploration.
Trump's public support for the Mars plan elevates this commercial project to the level of national mission. This not only recognizes Musk's dream but also constitutes a gamble on America's 'space leadership.' For Trump, supporting SpaceX is supporting the United States' dominant position in global space exploration, which undoubtedly paves the way for Musk's space endeavors.
Taiwan's supply chain 'exodus': a global economic chess game
More controversially, Musk has asked Taiwanese suppliers to move their operations to Thailand and Vietnam. The geopolitical factors behind this move are evident. Musk is not only making adjustments on a commercial level but also laying a 'piece' in the global supply chain layout. As a result, Taiwan may face significant economic shocks. According to statistics from the Taiwanese authorities, these relocated enterprises generate more than NT$200 billion in annual output. If a large number of businesses withdraw from Taiwan, it may bring about a wave of unemployment, economic turbulence, and even affect social stability.
This move has also attracted attention from the mainland. Musk has repeatedly expressed public support for the 'One China' principle, stating this position on several occasions, and even reaffirming this view in a recent interview. Such a statement has undoubtedly gained recognition from the Chinese government, and the mainland's gratitude towards Musk has elicited a strong response from people on both sides of the Taiwan Strait. For many, Musk is not only a business tycoon but also a steadfast 'friend' supporting One China.
The marriage of power and capital: the beginning of a new global order?
From the business world to the political arena, Musk's 'political investment' has clearly reaped rich returns. His companies, such as Tesla and SpaceX, not only benefited from Trump's victory but also gained significant policy support. Will this combination of capital and power become a new norm in the business world? The relationship between Musk and Trump also raises questions about whether this is a prelude to adjustments in the global economic landscape.
Trump and Musk, who is the real winner? Is it Trump, who holds power, or Musk, who holds capital? The answer to all this may only slowly reveal itself in the river of time.
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