It lasted almost a year. It was June 13, 2024 when, a few minutes after Trump was hit by a bullet on the Butler stage, Elon Musk, the world’s most brilliant entrepreneur, as well as the world’s richest, announced on X his “full support” for the Republican candidate, in the name of fighting against progressive wok-ism and defending freedom and merit. Not just words: he would donate the sum of 250 million dollars, his precious time and his very precious image to the Maga campaign, contributing decisively to the result. A year minus eight days later, here is the separation that many – it must be said – had predicted.
But worse than any prediction, given the amount of low blows and mutual threats concentrated in one afternoon, including Trump’s threat to cut off any contracts or subsidies (about 3 billion) that Musk’s companies enjoyed.
Reliable? For the markets, yes: in one session Tesla – Elon’s only listed property – lost 13% and 150 billion in capitalization. To think that in this impossible and unrepeatable “cloud” of ego, power and ideology, in this parable that could not be more dizzying, there was a moment in which those 250 million seemed like the best investment Musk had ever made. And he has made excellent investments. Let’s judge by Tesla’s capitalization: if on June 13 it was worth 567 billion, after Trump’s victory it had grown to over 1 thousand 400, an all-time record.
