WASHINGTON: Elon Musk, the world's richest man, is positioned to have sweeping powers in the
FILE - Tesla and SpaceX CEO Elon Musk listens as Republican presidential nominee former President Donald Trump speaks at a campaign event at the Butler Farm Show, Oct. 5, 2024, in Butler, Pa. The next chapter in the life of the South African-born tycoon comes after he delivered unprecedented support for Trump's campaign, coming out a huge winner in his first deep dive into politics.
Musk on Wednesday shared a photo on X showing him with Trump at an election watch party in Florida, and the Republican candidate singled him out for several minutes during a celebratory speech, calling his mega backer a"super genius". Musk is expected to lead a new Department of Government Efficiency, targeting US$2 trillion in cuts from the federal government's US$7 trillion budget.
His ties to the next US president also raised questions about potential impacts on his business interests, particularly Tesla's self-driving technology development.Federal safety regulators are currently investigating Tesla's driver assistance features following several accidents, despite Musk's assurances about the technology's readiness.
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