Let’s get something straight: Elon Musk did not win the election for President Trump. I like Elon Musk, and I want his companies to succeed. But he’s a political lightweight who still has a lot to learn. The money he spent, primarily on President Trump, around $290 million, was in his own best interest. If Trump had lost, it would have essentially cost Elon Musk many billions of dollars in lost opportunity cost. So this big head idea he has that he won the election for President Trump, and that he put a Republican House and Senate into the majority, is ridiculously wrong. I have a news flash for Elon Musk. Trump was going to win, and so were those majorities going to happen, with or without Elon Musk. We don’t owe him anything. We welcomed his help. But we were going to win regardless. Trump was poised to win as far back as 2022, and I said so all the way. Everyone knew what the internals were saying; Trump was never going to lose. And I hate to say it, but that money Musk spent was mainly worthless. People had already made up their minds about Trump, and they wanted him, because election fraud was the problem in 2020. Elon Musk was a Democrat who helped other Democrats feel like they could switch over to the MAGA base and be a part of it. However, the numbers were already in place long before Elon Musk became involved. And to whatever degree Elon Musk has deluded himself with a power play to turn against Trump in the way he did, which will have a permanent impact on the rest of his life, it’s essential to clarify the truth of the matter. President Trump would have won the 2024 election with or without help.
There is a part of me, and it might yet be somewhat true that the calls for war that China and Russia have been beating on, making negotiations very difficult, were why Trump and Musk went into a tag team kind of Big Time Wrestling event where the world was temporarily distracted by the most powerful person in the world getting into a fight with the world’s richest person. Trump has done that kind of thing with Vince McMahon before. Those kinds of acts are what WWF wrestling is all about, and off stage, all the guys are friends. But I think Trump is legitimately hurt by what Elon Musk did, and that what happened was a permanent condition. I would place it among the stories of Omarosa, Michael Cohen, and Anthony Scaramucci, people who were once close to Trump but fell away in disgrace. That’s a whole topic of its own, but in this case, it takes courage to stand by a person like President Trump, and some people just don’t have it. Is it President Trump’s fault that there are so many people like that in his life, and extending well into the past? No, I would say that influential people attract people who want to be near power. And as people of their own, they have fantasies of being able to manipulate influential people into doing things they want, because they lack the courage to do it themselves. So they fly too close to the sun, their wings melt, and they fall back to earth. Elon Musk is just the latest to experience that.
As it looks, Steve Bannon was probably more right than wrong about Musk being a Chinese asset. China is Tesla’s second-largest market, behind the United States, with sales growing by 8.8% in 2024. And state-controlled banks in China gave Tesla a $1.6 billion loan from Chinese state-owned banks in 2019 to build their gigafactory there, with a reduced 15% corporate tax rate. I think the pressure on Elon Musk to exit politics was significant due to his numerous entanglements. I was amazed that he was able to do as much as he did. Like a lot of people, Elon Musk got caught up in seeing the extreme wrong behind the assassination attempt of Trump, and he joined the crusade out of a moral imperative, like so many others did. But China has been using globalist money to buy people with leverage for many years, including most of our current government. And they are trying to undermine Trump, as they did when they released the COVID-19 virus during an election year. We cannot ignore the role China played in election fraud in America, but also in other places, such as Brazil, and most recently in South Korea. Doing business with China is a tricky proposition; they can and will hold everything over your head if they decide to call in a loan. That seems to be a common practice in the world these days, so I can certainly understand the pressure on Musk to distance himself from the White House and return to running his companies, which, unfortunately, involves being a political chameleon. Most businesspeople have to adapt their approach depending on the country they are dealing with, and with a company like Tesla, China holds significant influence. It’s nice that it’s an American car company and that it represents a necessary export. But at what cost? Usually, it means that at the very least, the CEO of the company can’t have political opinions that work against the country they are building and selling cars to, when they are effectively a communist run enterprise hell bent on authority control over mass society.
I think the pressure got to him. There are a lot of leftists who work in executive positions at Musk’s companies, and they weren’t happy that he was suddenly one of the key Republicans in Washington D.C., attached so intimately to the Trump administration with direct, and open friendship. For Trump’s part, it was good to have Musk as a friend. In business, you keep your friends close, and if you can, you keep your enemies closer. If you have your arm around them, it’s hard for them to stick a knife in your back, because your arm can control their movements to a greater extent. But for people like Musk, and the long line of individuals who have tried to be close to Trump, to control him in some way, and then found out things didn’t go the way they wanted, it’s like the woman who marries a man to change him. And after all the sex and laughing at his dumb jokes, he still doesn’t willingly cut the grass on Sunday, the woman feels dejected and angry. And I think Elon Musk is like so many women who try such a thing only to realize they weren’t able to change the man they married, leaving them embarrassed and regretful. And Musk wanted to make a clean break to get his companies back on track by using the protest against this Big Beautiful Bill as an excuse. Because if you did want to help the Chinese stay in power, you would like to stop the Trump campaign bill from passing the Senate. Passing the bill, as expensive as it is, essentially reduces China’s influence over American politics. That’s why it’s so costly. Debt can be leveraged to advantage. But to make it work, you have to have something valuable to work with. China has been trying to destroy that value, so this Big Beautiful Bill of Trump’s is all about leverage. Not actual debt. And Elon Musk found himself caught between those two worlds, and he had to pick. And I don’t blame him. It takes a lot of guts to stick to these kinds of things. And it’s challenging at best, especially if you have a substantial amount of money and want to maintain it. But let’s be clear, Musk didn’t win the election for Trump. He was just lucky to have been a part of history. He certainly didn’t make it.
Rich Hoffman
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