Another sign that Elon Musk's businesses are benefitting big from his role as Trump's 'first buddy'

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Another sign that Elon Musk's businesses are benefitting big from his role as Trump's 'first buddy' | CNN Business

//business-finance.news-articles.net/content/202 .. is-role-as-trump-s-first-buddy-cnn-business.html

Published in Business and Finance on Wednesday, May 14th 2025 at 2:00 GMT by CNN
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Elon Musk may be taking a step back from his full-time gig at the Trump administration's Department of Government Efficiency. But his companies are still benefiting from the unprecedented relationship between the world's richest man and the sitting US president.

Elon Musk's business ventures, including Tesla and SpaceX, have seen significant benefits from policies implemented during Donald Trump's presidency, according to a CNN report from May 13, 2025. The article highlights how Trump's tax cuts and deregulation efforts provided a favorable environment for Musk's companies to thrive. Specifically, Tesla benefited from reduced corporate taxes and relaxed environmental regulations, which allowed for faster production and expansion. SpaceX, on the other hand, gained from streamlined federal approval processes for launches and increased defense spending, which opened up new opportunities for government contracts. The report also notes that Musk's public support for some of Trump's policies may have further solidified these business advantages, although it remains unclear how future political changes might impact his enterprises.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/05/13/business/elon-musk-business-benefit-trump ]

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