Since President Donald Trump was elected to a second term, Tesla CEO Elon Musk has been glued to his hip and has become of his top advisors, but some new info suggests the president may want to be careful putting too much faith in the former Democrat megadonor.
While serving as Trump’s right-hand man, several of Elon’s privately owned companies have reportedly seen a major influx of Chinese investors.
Chinese nationals have allegedly been using complex financial vehicles to pour tens of millions of dollars into Musk’s companies, xAI, Nerualink, and SpaceX, while shielding their identities.
These vehicles ALSO hide the exact amount of Chinese capital flowing into Musk’s companies but Chinese asset managers told Financial Times that they sold Chinese investors over $30 million worth of shares in the three companies.
Obviously that is a drop in the bucket compares to Elon’s overall wealth, but that’s not necessarily the point here.
Asset managers pitching this investment opportunity have allegedly been highlighting the lack of investor disclosure as a key selling point along with Musk’s close personal relationship to the president of the United States.
While there’s nothing explicitly illegal about these investments, it’s still very concerning because the Chinese allegedly see this as an opportunity to influence the American government in a manner that is very similar to what they’ve been able to do with the Democratic party.
Tesla’s largest factory is in Shanghai, China and the company produces more than 900,000 vehicles there. That’s roughly half of the vehicles they sell globally.
The EV batteries that go in Teslas are largely reliant on Chinese companies and just last year Musk built a massive battery factory in China.
On top of that, Tesla has received massive government subsidies from the Chinese government and it has been the ONLY foreign car company ever allowed to operate freely inside the Chinese market where other vehicle manufacturers were previously forced to form joint ventures with Chinese companies owned by the Communist government.
Musk has undoubtedly been a major asset to President Trump and the overall MAGA movement, doing things like restoring freedom of speech to the internet by purchasing social media platform Twitter, and uncovering heaps of government fraud and waste though the Department of Government Efficiency (DOGE) but Trump should still be cautious about placing TOO much trust in the world’s richest man.
After all, we are talking about a guy here who is obsessed with the idea of putting computer chips in humans’ brains and he has fought hard for replacing American workers with foreign immigrants.
That’s not exactly America first…
Most likely Elon Musk is a strong MAGA ally, but if Trump’s first term taught him anything, it’s that he needs to be VERY careful who he lets into his inner circle.
