(New York) The US Treasury Secretary Scott Bessent estimated on Sunday that the Multimillionaire Elon Musk, who announced the day before the creation of his own political training, should be encouraged to devote himself to his businesses rather than doing politics.
“I think that the boards of directors of his various companies wanted him to come back to direct these companies, to which he is better than anyone,” reacted Mr. Bessent, questioned on CNN to find out if the announcement of the richest man in the world worried the Trump administration.
“I imagine that these boards of directors did not appreciate this announcement yesterday and will encourage him to focus on his activities as an entrepreneur, not on his political activities,” he continued.
According to him, “the principles” defended by the commission led by Mr. Musk were “very popular” but, “when we look at the polls, Elon was not”.
MM. Musk and Trump were very close.
Elon Musk contributed to more than $ 270 million to the Republican campaign for the White House and, in particular, managed the Commission for Government Effectiveness (DOGE) intended to drastically reduce federal spending. He was used to the oval office.
He left DOGE in May to take control of his businesses and in particular the specialist in Tesla electric vehicles, whose image and sales suffered in the world because of this collaboration.
Shortly after, the two men hardly and very publicly scrapped about Donald Trump’s budget bill.
Firmly opposed to this text, of which he denounces the impact on public finances, Elon Musk had promised to launch his own political party if the text was adopted.
He put his threat to execution on Saturday, the day after the promulgation with great fanfare of the “great and beautiful law” of Donald Trump, by announcing the creation of his training, the “America’s party”.
“By plunging even deeper into politics (…), Musk goes exactly in the opposite direction of what Tesla’s shareholders/investors want him to do during this crucial period in Tesla’s history,” said Dan Ives, Wedbush analyst on Sunday.
“If the heart of Musk supporters will support him at all costs at each turn, there is a general feeling of exhaustion on the part of many Tesla investors linked to the fact that Musk persists on the political path,” he noted, stressing that the “initial relief” of his departure from Doge had been “short-lived”.
“The situation has taken a bad turn” with this announcement, said Mr. Ives.
In electronic exchanges outside the opening of the New York Stock Exchange, the Tesla-Très Volatile action has always been 0.85 % on Sunday at midday.
