End Citizens United President Tiffany Muller released the following statement on Elon Musk being named as co-chair to Donald Trump’s new Department of Government Efficiency:
“Elon Musk is the new face of GOP corruption. He’s a walking conflict of interest with billions of dollars in government contracts and tax liabilities on the line. Even the name of this made up job is a reference to Musk’s cryptocurrency scheme, which is now skyrocketing in price, further lining Musk’s pockets. Musk used his billions to help elect Trump – and now he’s looking for his return on investment on the backs of the American people.”
Read more:
- NY Times: U.S. Agencies Fund, and Fight With, Elon Musk. A Trump Presidency Could Give Him Power Over Them.
- “Two of Elon Musk’s companies account for at least $15.4 billion in government contracts over the past decade.”
- Axios: Behind the Curtain: The Trump, Musk fusion
- “Musk’s companies, including Tesla and SpaceX, benefit from federal incentives and contracts — and could reap a windfall from deregulatory moves by Trump. Plus Musk is trying to maximize the value of his X purchase.”
- Barron’s: How Elon Musk Gets Money From the Federal Government
- “Donald Trump’s election to a second term in the White House was a boon for Elon Musk personally. His companies stand to benefit, too, just not in the ways investors might expect. On the back of Tesla stock’s epic 29% gain this past week, Musk added almost $60 billion to his net worth, taking it to roughly $330 billion according to Barron’s.”
- Reuters: How Musk’s clout with Trump could enrich his companies
- “Musk contributed at least $119 million to a pro-Trump spending group, federal records show, and tirelessly touted the former president at the critical late stage of his campaign. Musk’s politicking reflects a wider strategy to insulate his companies from regulation or enforcement and boost their government support, according to Reuters interviews with six Musk-company sources familiar with his political and business dealings and two government officials who have extensive interactions with Musk firms.”
- Quartz: Dogecoin is soaring after Trump made Elon Musk’s DOGE dreams come true
- “Musk hosted NBC’s ‘Saturday Night Live’ and called himself a Dogefather. He continued promoting Dogecoin on various platforms, leading to its inclusion in the top 10 cryptocurrencies by market capitalization. Musk once said Doge is his favorite cryptocurrency”
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