How Musk’s political interventionism expands his business empire
The tycoon is turning his attention to Europe, where he is trying out alliances with far-right leaders and meddling in domestic politics in ways that could benefit his corporate interests in the continent
Elon Musk has broken boundaries. For months, the persona of the world’s most successful businessman has coexisted with that of the guy who rubs shoulders with extremist leaders and lectures sovereign countries about their domestic affairs, with the United Kingdom and Germany as his preferred targets. This new political facet, whether corporate strategy or pure ideology, has already brought him considerable economic benefits: Tesla shares have risen more than 50% since the election victory of Donald Trump, to whom he has tied his own destiny; the valuation of his social network X.com, once in free fall, has stopped its bleeding; bitcoin and the main cryptocurrencies, in which he invests, are moving close to historical highs; and the recent rounds of financing of xAI, his artificial intelligence company, and SpaceX, his aerospace company, have catapulted their market prices.
