Elon Musk Backs Trump, Eyes $44 Billion Twitter Payoff in 4 Years

Oct 27, 2024, 09:05 PM

Elon Musk is reportedly supporting Donald Trump's reelection bid, with hopes that a Trump victory will help his $44 billion investment in Twitter pay off in 4 years. This speculation comes amid reports that European stocks have been negatively impacted by the potential 'Trump effect,' with a basket of 22 European stocks exposed to US tariffs compiled by Goldman Sachs tumbling 5% since late September. The former president's odds of an election victory have shortened, influencing market reactions.