3 sources·Business

Elon Musk's Influential Role in Politics and Business: A Deep Dive

Elon Musk's social media presence and political ties shape trends and influence markets, with implications for his various ventures.

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Updated: Nov 27th, 2024, 4:41 PM ET

Summary

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Elon Musk's posts to X, impacting markets and political figures, showcase his dual role as a business innovator through xAI and political ally to Trump. While he influences trends, his power faces limits as not all his preferred candidates and agendas succeed. Musk’s controversial management of X and prior SEC scrutiny complicate his influence further. Investors follow his lead in AI, attempting to stabilize losses from social media ventures. His intertwining of companies and politics raises questions about power dynamics and market reactions, illustrating both his reach and the boundaries of his influence.

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