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<ul class="summary-list"><li><keyword id="19903807" type="General" weightage="100" keywordseo="Elon-Musk" source="keywords">Elon Musk</keyword>'s "<keyword id="22401684" type="General" weightage="20" keywordseo="America-PAC" source="keywords" meta.keywordsubtype="org" meta.entityname="America PAC" meta.hostid="261" meta.entityid="America PAC">America PAC</keyword>" has spent tens of millions of dollars to help <keyword id="19918985" type="General" weightage="20" keywordseo="Donald-Trump" source="keywords">Donald Trump</keyword>.</li><li>Now, the super PAC is wading into more than a dozen House races across the country.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/chris-young-republican-operative-elon-musk-hired-donald-trump-donor-2024-8">Elon Musk's super PAC</a> has already spent tens of millions of dollars on electing former President Donald Trump. Now, the tech billionaire's "America PAC" is wading into the fight for control of the <keyword id="20568525" type="General" weightage="20" keywordseo="House-of-Representatives" source="keywords">House of Representatives</keyword>. According to a <a target="_blank" class="" href="https://docquery.fec.gov/pdf/127/202409169675489127/202409169675489127.pdf">document</a> filed with the <keyword id="20622841" type="General" weightage="20" keywordseo="Federal-Election-Commission" source="keywords" meta.keywordsubtype="org" meta.entityname="Federal Election Commission" meta.hostid="261" meta.entityid="Federal Election Commission">Federal Election Commission</keyword> on Monday night, America PAC is spending more than $2.1 million across 14 competitive House races. There's likely to be more where that came from. Punchbowl News <a target="_blank" class="" href="https://punchbowl.news/archive/91624-am/">reported</a> on Monday that the PAC has set aside $10 million for "voter turnout" in House races around the country. In an interview with the Canadian psychologist Jordan Peterson in July, Musk said that his PAC was "not meant to be sort of a hyperpartisan PAC" and that the goals were "promoting meritocracy" and promoting "freedom to operate, meaning the least amount of of government intervention possible." It remains unclear how much Musk, who <a target="_blank" class="" href="https://www.businessinsider.com/chris-young-republican-operative-elon-musk-hired-donald-trump-donor-2024-8">created the PAC</a> and is <a target="_blank" class="" href="https://www.washingtonpost.com/politics/2024/09/15/musk-trump-super-pac/">reportedly</a> involved deeply in itself operations, has contributed to the PAC himself. The PAC's July report did not include any contributions from Musk, and the group isn't required to disclose further contributions until mid-October. Musk has also <a target="_blank" class="" href="https://www.businessinsider.com/musk-trump-donation-campaign-finance-reform-2024-7">denied earlier reports</a> that he planned to spend $45 million per month on the effort. Neither Musk nor a representative for the PAC immediately responded to a request for comment. So far, America PAC has spent more than $55 million on the election, the vast majority of which has gone toward supporting Trump and opposing Vice President Kamala Harris. But the spending indicates that Musk's <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-political-beliefs-public-stances-timeline-republican-desantis-2022-6">pivot toward the right</a> isn't limited to Trump, and that he's invested in helping <keyword id="20093987" type="General" weightage="20" keywordseo="Republicans" source="keywords">Republicans</keyword> hold onto control of the House as well. <h2>The races where Musk's PAC is spending</h2>According to the Monday night filing, Musk's PAC is spending heavily on both digital ads and canvassing operations. In each instance, the PAC is spending an equal amount on boosting the <keyword id="20072488" type="General" weightage="20" keywordseo="GOP" source="keywords">GOP</keyword> candidate and going negative on the Democratic candidate. Here are the 14 races where America PAC is already spending: <ul><li>$296,925 in New York's 17th district, where Republican Rep. Mike Lawler faces former Democratic Rep. Mondaire Jones.</li><li>$264,825 in California's 41st district, where Republican Rep. Ken Calvert faces Democratic candidate Will Rollins.</li><li>$221,875 in California's 45th district, where Republican Rep. Michelle Steel faces Democratic candidate Derek Tran.</li><li>$212,062 in Ohio's 13th district, where Democratic Rep. Emilia Sykes faces Republican candidate Kevin Coughlin.</li><li>$172,537 in California's 22nd district, where Republican Rep. David Valadao faces Democratic candidate Rudy Salas.</li><li>$160,125 Ohio's 9th district, where Democratic Rep. Marcy Kaptur faces Republican candidate Derrick Merrin.</li><li>$157,500 in Maine's 2nd district, where Democratic Rep. Jared Golden faces Republican candidate Austin Theriault.</li><li>$131,323 in New York's 19th district, where Republican Rep. Marc Molinaro faces Democratic candidate Josh Riley.</li><li>$130,500 in Washington's 3rd district, where Democratic Rep. Marie Gluesenkamp Perez faces Republican candidate Joe Kent.</li><li>$109,702 in New Jersey's 7th district, where Republican Rep. Tom Kean faces Democratic candidate Sue Altman.</li><li>$86,997 in New Mexico's 2nd district, where Democratic Rep. Gabe Vasquez faces former Republican Rep. Yvette Herrell.</li><li>$75,897 in Colorado's 8th district, where Democratic Rep. Yadira Caraveo faces Republican candidate Gabe Evans.</li><li>$50,903 in Nebraska's 2nd district, where Republican Rep. Don Bacon faces Democratic candidate Tony Vargas.</li><li>$43,853 in Iowa's 3rd district, where Republican Rep. Zach Nunn faces Democratic candidate Lanon Baccam.</li></ul>Correction: September 17, 2024 — An earlier version of this story misstated which district Rep. Marcy Kaptur represents. She represents the 9th district of Ohio, not the 13th district.

Elon Musk's PAC is pouring millions into these 14 districts to keep the GOP in control of the House

<ul class="summary-list"><li>It sure seems like <keyword id="19959118" type="General" weightage="20" keywordseo="Twitter" source="keywords">Twitter</keyword> is more likely to show content from <keyword id="20052066" type="General" weightage="20" keywordseo="Republican" source="keywords">Republican</keyword> or right-wing accounts.</li><li>That's the conclusion from two new reports in The Washington Post and The Wall Street Journal.</li></ul>Is X, the service many of us still call <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-twitter">Twitter</a>, more likely to show users political posts from Republicans, or right-leaning accounts? Yes. Probably. That's the conclusion from two different deep dives published in The Washington Post and The <a target="_blank" href="https://www.wsj.com/politics/elections/x-twitter-political-content-election-2024-28f2dadd?mod=hp_lead_pos3">Wall Street Journal</a> on Tuesday. Next question: Is Twitter doing this intentionally, at the behest of owner <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk">Elon Musk</a>? That one is harder to answer. Both questions matter, obviously, because we're a week away from the <keyword id="20189882" type="General" weightage="20" keywordseo="US-presidential-election" source="keywords">US presidential election</keyword>. And while <a target="_blank" href="https://www.businessinsider.com/elon-musk-advertisers-cannes-speech-tweets-twitter-x-peter-kafka-2024-6">Twitter has become a financial disaster under Musk's ownership</a>, it still remains an important news hub for many millions of people. Meanwhile, Musk, who used to support Democrats, has thrown himself completely behind Donald <keyword id="19906203" type="General" weightage="20" keywordseo="Trump" source="keywords">Trump</keyword>'s campaign. He says "<a target="_blank" href="https://x.com/elonmusk/status/1840409051357696324">Democracy is over</a>" if Trump loses. Neither the Journal nor the Post want to draw a direct line between Musk's politics and Twitter's operations. But there are certainly some suggestions of dotted lines. I've asked Twitter for comment. The details: Both papers used software to analyze what users see on Twitter. The Post looked at a year-plus of tweets from top congressional accounts; the Journal created 14 brand-new Twitter accounts, controlled by bots and spread throughout the US. The Post's conclusion: Tweets from congressional accounts across the spectrum are getting less attention than they did a year ago. But Republican tweets are much more likely to go viral than Democrats. The Journal's findings don't exactly sync with the Post. It finds that its theoretical new users, who told Twitter they are not interested in politics, saw their feeds clogged with <keyword id="20531476" type="General" weightage="20" keywordseo="political-content" source="keywords">political content</keyword> anyway. And while it says Kamala Harris' campaign was the most-seen account, the platform skewed right overall: "Ten of the other top 14 most-seen leaned right, including Trump's, and overall, pro-Trump content appeared about twice as frequently as pro-Harris material." What accounts for the right-leaning shift? Neither paper wants to say definitively. But they both hover around two possibilities, which aren't mutually exclusive: Theory 1: Twitter is showing users what users want to see. That's <a target="_blank" class="" href="https://x.com/elonmusk/status/1807089883602956465">the argument Musk makes himself.</a> And there is decent logic behind it. For starters, even before Musk bought Twitter,<a target="_blank" href="https://www.pnas.org/doi/10.1073/pnas.2025334119"> its own researchers found that the "political right enjoys higher amplification compared to the political left"</a> on the platform. And it's entirely plausible that some left-leaning users have left the platform during Musk's ownership, in part because he reinstated accounts from right-leaning users, including Trump himself. Conservatives may also be flocking to it for the same reason. And those users may be more likely to engage with right-leaning content, prompting the site's algorithm to show them more of it — the same way all social media sites generally work with popular content. Theory 2: Twitter is showing users what Musk wants them to see. This is a notion that some current and former Twitter users believe, though there's no direct proof that it's the case. But there is plenty of precedent for it, since Musk has repeatedly moved the platform according to his whims in the past. Most famously, <a target="_blank" href="https://www.businessinsider.com/musk-changed-twitter-algorithm-tweets-didnt-get-attention-book-2024-2">Musk ordered engineers to highlight his own tweets after the 2023 Super Bowl</a>, as <a target="_blank" href="https://www.platformer.news/">Platformer's</a> Zoe Schiffer has reported. Musk has also used the site to host interviews with political figures he's interested in, including a <a target="_blank" href="https://www.businessinsider.com/desantis-campaign-launch-on-twitter-spaces-off-to-gltichy-start-2023-5">buggy chat with Florida Gov. Ron DeSantis in 2023</a>, and <a target="_blank" href="https://www.youtube.com/watch?v=QzWjFzRMQNA">one with Trump this summer</a>. The Journal also reports that "more recently, Musk complained that a fraction of users saw his livestreams," and compelled his engineers to promote those chats on the site. Correction: October 29, 2024 — An earlier version of this story misattributed the detail about Musk complaining about his livestream views. The Journal reported it, not the Post.

Elon Musk is backing Trump. Is Musk's Twitter backing Trump, too?

<ul class="summary-list"><li>Trump's nomination of Matt Gaetz for US Attorney General is a controversial choice.</li><li>Gaetz's appointment will need Senate confirmation, and that could be tough to secure.</li></ul>Amid a series of attention-grabbing <a target="_blank" class="" href="https://www.businessinsider.com/donald-trump-white-house-staff-cabinet-picks-list-2024-11">cabinet picks</a>, perhaps no choice has drawn more attention than President-elect Donald Trump's decision to <a target="_blank" class="" href="https://www.businessinsider.com/trump-nominates-matt-gaetz-attorney-general-2024-11">nominate GOP Rep. Matt Gaetz of Florida</a> as the next US Attorney General.<a target="_blank" class="" href="https://www.businessinsider.com/matt-gaetz-criticism-big-tech-trump-attorney-general-antitrust-2024-11">Gaetz is a polarizing figure,</a> even within the Republican Party.His appointment will require Senate confirmation, and while Republicans will hold a majority in the Senate, several GOP lawmakers have already signaled that they are less than pleased with this controversial pick.While other nominees — such as former Democratic congresswoman <a target="_blank" class="" href="https://www.businessinsider.com/who-is-tulsi-gabbard-bio-age-family-key-positions-2019-4">Tulsi Gabbard</a> for Director of National Intelligence and Fox News host <a target="_blank" class="" href="https://www.businessinsider.com/pete-hegseth-trump-fox-twitter-elon-musk-influence-2024-11">Pete Hegseth</a> for Defense Secretary — have raised eyebrows, Gaetz stands out as the one pick Republicans seem eager to criticize.Gaetz was previously subject to <a target="_blank" class="" href="https://www.businessinsider.com/matt-gaetz-sexual-misconduct-probe-house-ethics-obstruction-2024-6">sex trafficking allegations</a>, which arose after the Department of Justice opened an investigation into him in April 2021. Although the agency ultimately declined to press charges, Gaetz was until recently being <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/house-ethics-committee-opens-investigation-into-rep-matt-gaetz-2021-4">probed by the House Ethics Committee.</a> However, his abrupt resignation from the House following his nomination on Wednesday means the committee no longer has jurisdiction to investigate him, <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.nytimes.com/2024/11/13/us/politics/matt-gaetz-ethics-committee-report.html">per The New York Times</a>.Further complicating his support among Republicans, Gaetz also <a target="_blank" class="" href="https://www.businessinsider.com/matt-gaetz-seeks-oust-kevin-mccarthy-house-speaker-2023-10">led the charge to oust Kevin McCarthy</a> as House Speaker last year, a move that led to significant friction within the party.Even some Trump loyalists have expressed surprise at the Gaetz nomination.<h2 id="7e17e84c-3f3f-4716-9346-854e9182f111">Sen. Markwayne Mullin of Oklahoma</h2><a target="_blank" class="" href="https://www.businessinsider.com/sen-markwayne-mullin-picked-noses-of-colleague-and-spouses-in-israel-2023-11">Mullin</a> is a staunch Trump supporter who backed his baseless claims of a stolen 2020 election and was even <a target="_blank" class="" href="https://www.rollingstone.com/politics/politics-news/markwayne-mullin-trump-cabinet-position-1235162109/">rumored</a> as a potential cabinet pick.But that didn't stop him from offering less than full-throated support for the Gaetz nomination.Appearing on CNN, <a target="_blank" class="" href="https://x.com/atrupar/status/1856815753028108716">he said:</a> "Matt Gaetz and I, there's no question that we've had our differences."While expressing trust in "Trump's decision-making on this one," Mullin said that Gaetz would have to make his case in the Senate."There's a lot of questions that are going to be out there," he told CNN. "He's got to answer those questions, and hopefully, he's able to answer those questions right, and if he can, we'll go through the confirmation process."Those differences refer to <a target="_blank" class="" href="https://x.com/kylegriffin1/status/1856816960769855533">comments Mullin made to CNN last year, </a>around the time Gaetz brought a motion to oust McCarthy.Mullin said, "There's a reason why no one in the Congress came and defended" Gaetz in the aftermath of sex trafficking allegations.He went on to allege that Gaetz would brag about his sexual escapades on the House floor.<h2 id="fdc63d2f-097f-4456-a6fd-7f2367b10cae">Sen. Kevin Cramer of North Dakota</h2><a target="_blank" class="" href="https://www.businessinsider.com/author/kevin-cramer">Cramer,</a> a loyal supporter of Trump since endorsing him early in his 2016 campaign, expressed surprise at Gaetz's nomination.According to Ramsey Touchberry of the Washington Examiner, Cramer was taken aback by the Gaetz pick."That's an uff da," Cramer said, <a target="_blank" class="" href="https://x.com/ramsberry1/status/1856797643625861431">per Touchberry's X post</a>. "Huh, I don't know what to make of it."The Minnesota Monthly describes "uff da" as implying "exhaustion, frustration, confusion, surprise, and mild repulsion."Responding to questions from <a target="_blank" class="" href="https://x.com/cristina_corujo/status/1856827353709543597">CBS News reporter Cristina Corujo, </a>Cramer said that Gaetz's nomination was a "surprise" and an "interesting pick."He also said he doesn't know Gaetz very well and thinks he has the academic credentials, but said he is concerned with how he "handled the squabble with Speaker McCarthy. I thought it was unnecessary, I thought it was divisive."<h2 id="6577c8a9-f018-4627-9cd5-2564df60b2d2">Sen. John Cornyn of Texas</h2><a target="_blank" class="" href="https://www.businessinsider.com/cornyn-slammed-for-saying-finger-pointing-at-police-is-destructive-2022-5">Cornyn,</a> another reliable Trump ally, also seemed shocked by the Gaetz pick.<a target="_blank" class="" href="https://x.com/sn_handler/status/1856797433575215299">According to Punchbowl News reporter Samantha Handler,</a> he gave an "audible snort" when asked about it.Alex Bolton, a staff writer for The Hill, <a target="_blank" class="" href="https://x.com/alexanderbolton/status/1856799479287927039">said in an X post</a> that a "surprised or shocked look" flashed across Cornyn's face "like he tasted something strange," when asked about Gaetz.Cornyn <a target="_blank" class="" href="https://x.com/ArthurDelaneyHP/status/1856798211681157347">told HuffPost reporter Arthur Delaney</a>: "I don't know the man other than his public persona."<a target="_blank" class="" href="https://x.com/maxpcohen/status/1856801418163728642">According to Max Cohen</a>, another Punchbowl News reporter, Cornyn was asked about Gaetz's status as the subject of a House Ethics investigation."Well, that might come up," Cornyn told reporters.<h2 id="02c3e7e1-1863-4fd8-8ee6-564725080c3f">Rep. Max Miller of Ohio</h2>Though he won't get to vote on Gaetz, Miller had some choice words on his fellow Republican lawmaker.The GOP congressman, who has previously <a target="_blank" class="" href="https://www.politico.com/news/magazine/2021/07/28/max-miller-ohio-congress-trump-profile-500187">praised Trump</a> as "the greatest POTUS this country has ever had," <a target="_blank" class="" href="https://x.com/haleytalbotcnn/status/1856834458810552558">told CNN's Haley Talbot </a>that Gaetz is "a guy who is literally worse than the gum on the bottom of my shoe."<a target="_blank" class="" href="https://x.com/haleytalbotcnn/status/1856835289160855718">Per Talbot</a>, Miller also accused Gaetz of wrecking the country and said he "ran around here last term like a six-year-old with a loaded revolver and a happy trigger finger."

Matt Gaetz is emerging as the Trump pick Republicans are prepared to dunk on

<ul class="summary-list"><li>Republicans are projected to maintain their majority in the House of Representatives.</li><li>That means Trump is set to have a trifecta, as he did in the first half of his first term.</li></ul>After more than a week counting outstanding ballots across several states, Republicans are officially projected to maintain control of the House of Representatives.According to projections from NBC and CNN, Republicans will win at least 218 House seats, enough to claim the majority. Several races still remain undecided, with ballots continuing to be counted. The GOP currently holds a 220-seat majority.Democrats picked up GOP-held seats in New York, Oregon, California, Louisiana, and Alabama, while Republicans flipped Democratic-held seats in Pennsylvania, Michigan, and North Carolina.The GOP also <a target="_blank" class="" href="https://www.businessinsider.com/republicans-win-senate-election-majority-election-2024-11">retook control</a> of the Senate, meaning President-elect Donald Trump will enjoy a governing trifecta for at least the next two years, as he did during the first two years of his first term.As a result of the GOP keeping the House, Trump will <a target="_blank" class="" href="https://www.businessinsider.com/congress-balance-of-power-results-competitive-republicans-democrats-2024-11">avoid the resistance</a> he encountered from a Democratic-led House during the last two years of his first term. Furthermore, he'll be dealing with a <a target="_blank" class="" href="https://www.businessinsider.com/trump-republican-party-more-compliant-this-time-2024-11">far more obedient GOP</a> than existed during the first two years — after several successive election cycles, the party has largely been remade in Trump's image.Congress is particularly important for Trump when it comes to<a target="_blank" class="" href="https://www.businessinsider.com/tax-cut-tariff-plan-outlook-presidential-election-scenarios-harris-trump-2024-10"> tax policy</a>. Many of his other policy goals can be accomplished via executive orders, but the incoming president will need congressional action to exempt tips, overtime pay, and Social Security benefits from taxation, as he's promised.About three dozen House races were considered to be competitive, ranging from Republican-held swing districts in traditionally Democratic states like New York and California to <a target="_blank" class="" href="https://www.businessinsider.com/david-schweikert-profile-trump-realignment-arizona-economic-interests-abortion-2024-10">suburban districts</a> across the country where Democrats have made inroads in recent election cycles.It took far longer to determine who controls the House than the Senate or White House in large part due to the slow counting of mail-in ballots in Arizona and California.Both House Speaker <a target="_blank" class="" href="https://www.businessinsider.com/who-is-mike-johnson-republican-speaker-house-louisiana-2023-10">Mike Johnson</a> and House Minority Leader <a target="_blank" class="" href="https://www.businessinsider.com/hakeem-jeffries-early-honeymoon-house-democrats-tension-progressives-2023-5">Hakeem Jeffries</a> are expected to remain in their respective roles, with internal leadership elections set to take place later this month.

Republicans keep the House, handing Trump a trifecta of government control

Joe Rogan endorsed former President Donald Trump hours ahead of Election Day in a Monday-evening podcast and social-media post. The influential podcaster cited the billionaire Elon Musk in his X post announcing the endorsement, saying the Tesla CEO made "the most compelling case for Trump." "The great and powerful @elonmusk. If it wasn't for him we'd be fucked," Rogan wrote. "For the record, yes, that's an endorsement of Trump," Rogan added. The endorsement accompanied a two-hour-and-40-minute podcast on which Musk appeared. The billionaire has poured millions of dollars into the <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-donald-trump-support-reflects-business-approach-tesla-2024-10">effort to elect Trump</a>. Rogan's endorsement came after <a target="_blank" class="" href="https://www.businessinsider.com/trump-joe-rogan-interview-podcast-young-male-voters-2024-10">Trump appeared on "The Joe Rogan Experience"</a> last month, a major win for the Republican candidate, who had the chance to speak directly with Rogan's more than 14 million Spotify listeners. In less than two weeks, <a target="_blank" class="" href="https://www.businessinsider.com/trump-3-hours-late-to-own-rally-joe-rogan-interview-2024-10">the three-hour conversation</a> has racked up more than 45 million views on YouTube. Trump has been working hard to win over — and mobilize — <a target="_blank" class="" href="https://www.businessinsider.com/trump-targets-young-men-theo-von-logan-paul-adin-ross-2024-8">young male voters</a>, who comprise the bulk of Rogan's listening demographic. In 2022, Rogan said he wasn't a Trump supporter, adding that he'd turned down opportunities to have the former president on his show. "I don't want to help him. I'm not interested in helping him," Rogan said at the time. Rogan said he also tried to pursue an interview with Vice President Kamala Harris, but her campaign requested he travel to conduct the conversation. "I strongly feel the best way to do it is in the studio in Austin," he said on X. "My sincere wish is to just have a nice conversation and get to know her as a human being. I really hope we can make it happen." Correction: November 5, 2024 — An earlier version of this story misstated when Trump appeared on "<keyword id="23143121" type="General" weightage="20" keywordseo="The-Joe-Rogan-Experience" source="keywords">The Joe Rogan Experience</keyword>." It was last month, not earlier this month.

Joe Rogan endorsed Donald Trump, saying Elon Musk made a 'compelling case' for the former president

<ul class="summary-list"><li>Tesla stock surged 12% in premarket trading following Trump's election victory.</li><li>Elon Musk has been an outspoken supporter of Trump, spending months campaigning for him.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/trump-won-election-what-that-means-for-elon-musk-2024-11">Elon Musk's big bet</a> on Donald Trump is already paying off for Tesla.The EV's stock surged 12% in premarket trading and is poised to open at its highest level in more than a year following the election result.<a target="_blank" rel=" nofollow" class="" href="https://x.com/FoxNews/status/1854053633198825482">Fox News</a> called the presidential race for Trump early Wednesday morning. A little under four hours later, projections from <a target="_blank" rel=" nofollow" class="" href="https://x.com/CNN/status/1854109735076676021">CNN</a> and other news organizations put Trump over the 270 Electoral College votes needed to win the presidency.Wedbush Securities analyst Dan Ives called Trump's victory a "homerun for Tesla.""Elon Musk's status as Trump's ally from the business community hasn't gone unnoticed by investors who have bid up shares in Tesla by 3% in pre-market trading on the election news," he said.Musk has been an outspoken supporter of Trump during the election. The billionaire has spent the last few months campaigning for the president-elect, even joining him onstage at a campaign rally in Butler, Pennsylvania.In his victory speech early Wednesday, Trump paid tribute to Musk's efforts, calling him a "super genius" and a <a target="_blank" class="" href="https://www.businessinsider.com/trump-praises-elon-musk-a-star-is-born-2024-11">"new star."</a>Gene Munster, the managing partner at Deepwater Asset Management, said Tesla's stock surge was based on an emotional response from investors and their confidence in the EV company's CEO."That emotion is Elon made a big bet and was right. This gives investors confidence that his next big bet has a greater potential to succeed," Munster <a target="_blank" class="" href="https://x.com/munster_gene/status/1854132728998031598">said in a post on X on Wednesday.</a><h2 id="bb765168-eacb-44bd-a20d-16d2c4933cad">Trump's win an 'overall negative' for EV industry</h2>Despite the surge in Tesla shares, Trump's victory could be bad news for the wider EV market.Ives said the Trump presidency could be an "overall negative" for the EV industry, citing the possibility that the Trump administration could withdraw tax incentives and rebates for manufacturers.However, Ives said it could be a "huge positive" for Tesla due to the company's scale and market position."Tesla has the scale and scope that is unmatched in the EV industry and this dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players (<a target="_blank" href="https://www.cnbc.com/quotes/BYDDF/">BYD</a>, <a target="_blank" href="https://www.cnbc.com/quotes/NIO/">Nio</a>, etc.) from flooding the U.S. market over the coming years," Ives said in a note.Tesla has been facing fierce competition in China, with rivals rolling out their own EVs at lower prices.China-based BYD has been Tesla's <a target="_blank" class="" href="https://www.businessinsider.com/tesla-q4-sales-less-than-china-byd-2024-1">main competitor in the region, </a>taking the title of the world's top seller of electric cars from Musk's company at the beginning of the year.Earlier this month, BYD <a target="_blank" class="" href="https://www.businessinsider.com/why-byd-is-beating-tesla-ev-rivals-china-2024-11#:~:text=BYD%20has%20just%20notched%20another,and%20is%20eyeing%20global%20expansion.">scored another win when its quarterly </a>revenues outstripped Tesla's for the first time.BYD recorded revenues of 201.1 billion yuan ($28.2 billion) in the three months to September 30, up 24% from the same quarter last year. <a target="_blank" rel="" class="" href="https://www.businessinsider.com/tesla-stock-tsla-earnings-call-report-live-updates-2024-10">Tesla posted sales of $25.2 billion</a> over the same period.Representatives for Tesla did not immediately respond to a request for comment from Business Insider, made outside normal working hours.

Donald Trump's election victory is a 'home run' for Tesla

<ul class="summary-list"><li>A comedian told a Trump rally on Sunday that <keyword id="20312785" type="General" weightage="20" keywordseo="Puerto-Rico" source="keywords">Puerto Rico</keyword> is "a floating island of garbage."</li><li>Puerto Rican celebrities, including <keyword id="19996431" type="General" weightage="20" keywordseo="Jennifer-Lopez" source="keywords">Jennifer Lopez</keyword>, responded by showing support for <keyword id="20307089" type="General" weightage="20" keywordseo="Kamala-Harris" source="keywords">Kamala Harris</keyword>.</li></ul>Puerto Rican celebrities like Jennifer Lopez and <keyword id="20229227" type="General" weightage="20" keywordseo="Ricky-Martin" source="keywords">Ricky Martin</keyword> voiced support for Kamala Harris after the island became a focal point of a <a target="_blank" href="https://www.businessinsider.com/trump-3-hours-late-to-own-rally-joe-rogan-interview-2024-10">Donald Trump rally</a>. Tony Hinchcliffe, a speaker at Trump's Sunday rally at Madison Square Garden in New York City, said: "I don't know if you guys know this, but there's literally a floating island of garbage in the middle of the ocean right now. I think it's called Puerto Rico." The comment angered Puerto Rican celebrities. Luis Fonsi, the singer behind the 2017 hit "Despacito," wrote on his Instagram story: "It's ok to have different views, and I respect those who think different than me…. but going down this RACIST path ain't it." He said: "We are not ok with this constant hate. It's been abudantly clear that these people have no respect for us and yet they want our vote." Martin shared the video on his story and captioned it in Spanish: "This is what they think of us." On their Instagram stories, Fonsi, Lopez, and Martin shared a video of Harris outlining her plan to support Puerto Rico if she were elected, and urged their followers to vote for the Democratic nominee. <a target="_blank" href="https://www.businessinsider.com/bad-bunny-ai-generated-tiktok-song-nostalgia-voice-rant-2023-11">Bad Bunny</a>, a rapper and singer, reshared the same video on his story four times in a row without any captions. None of these celebrities were great Republican allies before. Still, high-profile interventions can energize often-apathetic voters to turn out. <a target="_blank" href="https://www.cbsnews.com/minnesota/news/celebrity-endorsements-impact-on-elections/">CBS News</a> reported in September that more than 400,000 users visited the <a target="_blank" href="http://vote.gov">vote.gov</a> voter registration website the day after<a target="_blank" href="https://www.businessinsider.com/taylor-swift-kamala-harris-endorsement-criticism-explained-2024-9"> Taylor Swift endorsed Harris</a>on Instagram. <a href="https://www.businessinsider.com/market-impact-presidential-election-scenarios-trump-harris-stocks-bonds-crypto-2024-10" target="_blank">Harris</a>' Instagram account shared the clip about her plan earlier on Sunday. In the video, she accuses Trump of blocking aid after <a href="https://www.businessinsider.com/trump-called-puerto-rico-a-place-with-absolutely-no-hope-book-2022-10" target="_blank">two hurricanes hit Puerto Rico</a> in the span of two weeks in 2017. Hurricane Maria, one of the storms, caused over $90 billion in damage, a historic blackout, and the deaths of an estimated 2,975 people in Puerto Rico. Trump said in 2018 that his administration's response to the hurricanes was "an incredible, unsung success," but it was widely criticized at the time. In 2021, a report by the Department of Housing and Urban Development <a target="_blank" href="https://www.hudoig.gov/sites/default/files/2021-04/HUD%20OIG%20Final%20Report_2019SU008945I.pdf">Office of Inspector General</a> found that $20 billion in aid the department intended to send to Puerto Rico was delayed due to interagency reviews under the Trump administration. The investigators did not say why these reviews were implemented. It's not the first time Trump and his allies have angered celebrities from a Caribbean community. Last month, high-profile Haitians including Wyclef Jean, Rep. Shelia Cherfilus-McCormick, the first Haitian-American in Congress, and Real Housewives of Beverly Hills personality Garcelle Beauvais spoke out after Trump made the false claim that Haitian migrants in Springfield, Ohio, were killing and eating pets. Correction: October 28, 2024 — An earlier version of this story misstated the statistics about hurricanes Irma and Maria. The details relate to Maria only, not both storms.

Puerto Rican stars like Jennifer Lopez and Ricky Martin spoke up for Harris after Trump's rally made the island a punching bag

<ul class="summary-list"><li>It's not surprising to see Donald Trump pluck another Fox News personality for his cabinet.</li><li>But some people still seem surprised to see Trump nominate host Pete Hegseth as defense secretary.</li></ul>Earlier this week, I wondered <a target="_blank" href="https://www.businessinsider.com/twitter-donald-trump-elon-musk-2024-11">how much Twitter was going to influence the next Trump administration — and how much influence we'd see from TV</a>, which was tremendously important the first time around.Here's one clue: <a target="_blank" class="" href="https://www.businessinsider.com/trump-pentagon-pick-pete-hegseth-criticized-us-involvement-ukraine-aid-2024-11">Trump has just nominated Fox News host Pete Hegseth to be his secretary of defense</a>. The nomination has reportedly stunned some military leaders, Washington insiders, and at least one of Hegseth's Fox News colleagues."You're telling me Pete is going to oversee 2 million employees?" a fellow Fox host asked <a target="_blank" href="https://www.cnn.com/2024/11/13/media/pete-hegseth-fox-news-trump-defense-secretary/index.html">CNN's Brian Stelter</a>.Again: During Trump's first term, he was famous for 1) hiring people he saw on TV, 2) hiring people who "looked the part," and 3) hiring Fox News talent in particular. Hegseth, an Army National Guard veteran, ticks all those boxes. Regardless of whether he's the right guy to manage 2 million people.So yes. TV's going to remain important to Trump.On the other hand: The border between TV and Twitter — or more broadly, the internet — has always been permeable in the Trump era. Some of the clips you're seeing right now to explain who Hegseth is come from the internet — like <a target="_blank" class="" href="https://www.youtube.com/watch?v=DoN5ovwB8s4">the interview he did last week with podcaster/YouTuber Shawn Ryan</a>, one of the many men with <a target="_blank" class="" href="https://www.businessinsider.com/youtube-donald-trump-podcasts-joe-rogan2024-11">podcasts/YouTube channels</a> Trump visited during the 2024 campaign.Trump, who famously didn't use a computer for years, isn't hanging out on Twitter, YouTube, and 4chan. But he listens to people who do.And now one of the loudest voices in the room — perhaps the loudest voice, at the moment — is <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk">Elon Musk</a>, who is both a Twitter creature and Twitter's owner.Here's The <a target="_blank" class="" href="https://www.nytimes.com/2024/11/13/us/politics/musk-trump-transition-mar-a-lago.html">New York Times</a> on Musk's ascent to the top of Trumpworld:The Times also notes that Musk recently "walked into the dining room about 30 minutes after the president-elect did and received a similar standing ovation."That seems like the kind of thing that might eventually cause a rift between two men who really enjoy a solo spotlight. But for now, both things can be true: Donald Trump has both Twitter and TV on his mind — even if he's only actually watching one of them.

You Searched For "Republican rival Donald Trump" and got 8 results

Elon Musk's PAC is pouring millions into these 14 districts to keep the GOP in control of the House

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Elon Musk is backing Trump. Is Musk's Twitter backing Trump, too?

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Matt Gaetz is emerging as the Trump pick Republicans are prepared to dunk on

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Republicans keep the House, handing Trump a trifecta of government control

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Joe Rogan endorsed Donald Trump, saying Elon Musk made a 'compelling case' for the former president

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Donald Trump's election victory is a 'home run' for Tesla

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Puerto Rican stars like Jennifer Lopez and Ricky Martin spoke up for Harris after Trump's rally made the island a punching bag

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Did you need another reminder that Donald Trump watches TV? Here you go.

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