Protests in LA Push Elon Musk Closer to Trump: What This Means for Business and Society | CNN Business

Last week, Elon Musk was vocally pushing for President Trump’s impeachment. This week, he’s changed his tune and is now praising the administration. The back and forth came as protests erupted in Los Angeles over actions taken by Immigration and Customs Enforcement.

Musk recently deleted some of his more controversial posts on X, including his impeachment call and an accusation linking Trump to Jeffrey Epstein’s crimes. Instead, he seems to support the Trump administration’s response to the unrest in Los Angeles. He added American flags to a post about Vice President JD Vance’s comments on rioting.

Musk even shared a post from Trump criticizing California officials for their handling of the protests. He reacted positively to Vance’s interview, suggesting everything might be fine if Musk took a step back.

Notably, Musk re-followed Stephen Miller, a Trump immigration advisor he had unfollowed just days earlier. This was especially significant since Miller’s wife is now working closely with Musk. Their connections have stirred speculation about how this might impact relationships within Trump’s circle.

Though Musk fact-checked a viral post about himself, he kept calling out Trump’s domestic policy, indicating his dissatisfaction. Recent interactions show Musk’s complex relationship with Trump—moving from criticism to cautious support.

Musk’s critiques come amid growing concern over Trump’s “One, Big, Beautiful Bill,” believed by many analysts to significantly increase the national debt. Musk’s comments have sparked dialogue about the implications for up-and-coming projects and governmental policies. Wall Street has been cautiously optimistic, hoping for a truce between the two powerful figures.

Dan Ives, a WedBush analyst, noted that while Musk and Trump may not return to their previous closeness, there’s potential for reconciliation. Both need each other—Musk for policy support and Trump for business ties.

After some fluctuations, Tesla’s stock rose slightly on Monday, though it still sits below where it was before Musk’s public fallout with Trump. The day also saw Trump expressing a softer tone toward Musk, wishing him well but remaining noncommittal about future interactions.

As a side note, recent surveys indicate that over 60% of Americans believe tech leaders should engage more in political debates. This raises questions about the influence of figures like Musk on public opinion and policy. Keeping an eye on this evolving relationship could provide insights into future political landscapes.



Source link