Elon Musk's side hustle with Trump is already paying off for Tesla

Elon Musk, recognized as the world's richest individual, is set to play a role in advising President-elect Donald Trump on improving government efficiency. This new responsibility adds to the already extensive list of duties for the CEO of Tesla, SpaceX, and other ventures like Neuralink, xAI, and the Boring Company. Even though it might be a side role, it will divert Musk further from managing Tesla, the most valuable car company globally.

Despite Musk's distractions, his ventures could benefit from his government involvement. Tesla, which has faced competitive and investigative challenges, saw a 31% stock surge after Election Day, as investors anticipated Musk's influence would lead to deregulation beneficial to the company.

While Musk has gained $55 billion from Tesla's stock surge, Trump's aversion to electric vehicles might inadvertently benefit Tesla by reducing reliance on tax credits, potentially supporting its market position. Additionally, federal investigations into Tesla's self-driving technology might dissipate.

SpaceX continues to thrive, notably outperforming rivals, while benefiting from possible deregulation under Trump. The company's impressive valuation reflects its market leadership in space travel.

In contrast, X has struggled, losing significant value as advertisers depart due to controversial content. However, Musk's focus on X aligns with his expressed political views, which has strangely resulted in his influence in Trump's circle, elevating Tesla's valuation above $1 trillion.

Musk's journey is described as a complex, ongoing adventure. However, much depends on his relationship with Trump, who retains presidential authority.