Trump weighs White House advisory role for Elon Musk: report – Fox Business
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‘Varney & Co.’ host Stuart Varney discusses whether Elon Musks latest technological gamble will pay off for investors.
Former President Trump is considering offering billionaire Elon Musk an advisory role in the White House if Trump reclaims the presidency in this fall's election, according to a report.
The Wall Street Journal reported, citing people familiar with the talks, that Trump and Musk have discussed a role that would give the Tesla CEO a formal opportunity to provide input and have influence over border security and economic policies — areas in which Musk has been outspoken on his social media platform X, formerly Twitter.
Trump and Musk previously had a contentious relationship, which has since warmed as the two talk on the phone regularly, the Journal reported. The outlet noted that some of its sources indicated that Musk and billionaire investor Nelson Peltz have discussed an initiative to prevent voter fraud with Trump, as well as an effort to persuade elites against supporting President Biden's re-election campaign.
Musk has increasingly weighed in on political issues in recent years, criticizing a number of liberal policies as being the result of what he calls the "woke mind virus." He has been particularly critical of the Biden administration's handling of border security as record numbers of people have entered the U.S. illegally through the southern border in the last few years.
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Former President Trump is considering an advisory role for Elon Musk in the White House if he wins the presidential election, according to The Wall Street Journal. (Brendan Smialowski/AFP via / Getty Images)
Last week, Musk posted a video of Senate Majority Leader Chuck Schumer, D-N.Y., discussing immigration policy and wrote on X, "The goal of citizenship for all illegals is very clearly stated by the leader of the Senate. For some reason, a lot of people still think this is some crazy conspiracy theory!"
Musk's potential involvement as an adviser in a future Trump White House could further complicate his leadership role at companies he founded like Tesla, SpaceX, X and artificial intelligence startup xAI.
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Former President Trump is the presumptive Republican nominee for president in the 2024 election. ( / Getty Images)
His role as Tesla CEO is under scrutiny, with shareholders set to vote in June on the reinstatement of his $56 billion pay package, which was struck down by a Delaware judge in January.
Proxy advisory firm Glass Lewis cited Musk's numerous commitments as a reason that the compensation plan should be rejected because of his "slate of extraordinarily time-consuming projects" as well as the "excessive size" of the pay package.
Elon Musk toured the southern border with Customs and Border Protection in September 2023. (John Moore / Getty Images)
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Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement.
This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. FAQ – New Privacy Policy