🎉 The #CandyDrop Futures Challenge is live — join now to share a 6 BTC prize pool!
📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Musk fully supports Trump in the election, with a dual approach of funding and public opinion.
Trump and Musk's Alliance for the US Election
In this year's U.S. election, an unexpected alliance has drawn widespread attention – technology entrepreneur Musk has formed a close partnership with presidential candidate Trump. This collaboration is reflected not only in financial support but also in several aspects such as public opinion campaigning.
Elon Musk donated $75 million to a political action committee supporting Trump in the third quarter, becoming the largest donor after casino mogul Sheldon Adelson. This funding is crucial for Trump's campaign, as the Democrats have maintained an edge in fundraising.
In addition to financial support, Musk also leveraged his social media influence to promote Trump. He held exclusive interviews on the X platform, attracting a large audience. Recently, Musk launched a million-dollar lottery in key swing states to encourage voters to participate in petitions supporting free speech and gun rights.
However, the relationship between Musk and Trump has not always been so harmonious. Two years ago, they were attacking each other on social media. Musk publicly stated that Trump should leave politics, while Trump mocked Musk for relying on government subsidies.
So, what prompted Musk to change his stance and fully support Trump? One important reason is the conflict between Musk and the current government. During Biden's administration, many of Musk's companies faced regulatory pressure and investigations. For example, Tesla has faced multiple safety investigations, and some of SpaceX's projects have had their subsidies canceled.
In contrast, Trump has promised that if elected, he will give Musk greater political influence. He proposed the establishment of a "Government Efficiency Committee" led by Musk, responsible for auditing and reforming federal government spending. This initiative could allow Musk to play a larger role in government decision-making, especially in areas that concern the interests of his companies.
However, this close cooperation also brings risks. If Trump loses the election, Musk may face a strong backlash from the Democrats. He has repeatedly expressed concerns about his personal safety being threatened.
Currently, Trump is leading in polls in several swing states, and the betting markets are optimistic about his chances. However, the election results still have uncertainties, and the fate of the "brothers in interests" Musk and Trump will also fluctuate accordingly. Regardless of the outcome, this election will be an important turning point in Musk's political career.