Opinion: Elon Musk’s Wild Week Raises Fears Over His Empire’s Future
It's been quite the week for Elon Musk.
It started with conflicting reports that he was - or was not - donating $47m a month to Donald Trump’s campaign. It continued with Tesla's disappointing second quarter earnings which revealed a 45 percent drop in profits compared to 2023—sending his net worth plummeting by $16bn. He then announced he was stalling investment in a Mexican plant until he sees if Trump, if elected, levies tariffs on Mexico.
On Tuesday he accused a ‘woke mind virus’ of killing his (estranged) transgender daughter. That same day Democrats accused him of restricting access to KamalaHQ on X, while a former Trump aide claimed his endorsement for Trump was a ‘kiss of death.’