Policy announcements from the Trump administration or relevant U.S. regulatory bodies

Elon Musk Poised to Benefit from Trump's Tuesday Victory, Boosting xAI

Nov 6, 2024, 03:20 PM

Elon Musk stands to gain significantly from Donald Trump's recent presidential victory. Trump, who referred to Musk as a 'new star' during his victory speech, is expected to create a more favorable regulatory environment for Musk's ventures. This includes the potential approval of Musk's true self-driving vehicles and a fleet of 'robotaxis.' Additionally, Trump's administration is likely to adopt a more lenient stance on AI development, benefiting Musk's xAI, and allowing for rapid technological advancements without stringent regulations. Musk has also announced plans to support GOP candidates in the 2026 midterms. The election took place on Tuesday.