Billionaire tech mogul Elon Musk has officially backed former President Trump’s campaign, a move seemingly at odds with his interests as CEO of Tesla given the former president’s antagonistic stance toward the electric vehicle (EV) industry.
However, Tesla could stand to benefit from Trump’s proposed drawdown of the Biden administration’s EV subsidies, while Musk’s other companies and the billionaire himself could also reap rewards from a second Trump presidency, experts said.
Musk endorsed Trump earlier this month...