by New episode in Trump and Musk’s relationship
If you thought the confrontation between Tesla and Trump was over, you were mistaken. This pair presented a new series of their relationship at an investment forum in Washington, funded by Saudi Arabia. President Trump allowed himself to joke about Elon Musk before an audience that was possibly the most influential at this event at the Kennedy Center.
Key moments of the event
Context of the meeting
Musk, who sat between Saudi Crown Prince Mohammed bin Salman and NVIDIA CEO Jensen Huang, participated in the event as part of his first public visit to Washington since his departure in May. However, before he could do anything, Trump took the floor and reminded everyone who really controls the situation.
Jokes and reactions
“You’re so lucky to have me, Elon. Did he ever properly thank me?” – Trump joked, pointing directly at Musk while the audience of CEOs burst into laughter. Musk, who knows well how to maintain such a tone, a few hours later published a message on X: “I would like to thank President Trump for all he has done for America and the world”. This post was seen by 229 million subscribers, which can be considered payback.
Tax changes and their consequences
But what exactly was Musk thanking Trump for? The Tesla founder once criticized Trump’s “Great Beautiful Law” because it canceled tax benefits for electric vehicles. However, the law introduces another scheme: buyers of new cars can deduct loan interest to reduce tax burden, although it seems few buyers will use this advantage. Trump couldn’t resist another joke: “Elon would like it to work differently. Deduction only if you buy Tesla, right?” – he noted, before assuring the audience that the terms apply to everyone, and this could provoke significant growth in sales of vehicles of any fuel type.
Relationship restoration
Although Musk once called the law a “disgusting crime,” the two billionaires now seem to have started communicating again. Trump even greeted him warmly at a private dinner the day before, together with Tim Cook from Apple and the unexpected appearance of football star Cristiano Ronaldo. This is a new stage in the relationship of America’s two most media-covered billionaires. For car buyers, loan interest deduction could ease the choice of a new vehicle, regardless of what fuel it uses.
I would like to thank President Trump for all he has done for America and the world
This event highlights how political and business interests can intertwine, even when significant differences exist. Tax changes, despite criticism, can have ambiguous impact on the market, and their consequences should be evaluated in the long term. The relationship between Trump and Musk also demonstrates how public figures can find common ground to achieve their own goals, even if their views don’t always align.
