Billionaire investor Mark Cuban warned Tesla boss Elon Musk on Sunday against forming an alliance with former President Donald Trump, saying the Republican presidential candidate may not ultimately repay his political debts.
“Elon, there will come a time when you need something from Donald Trump,” Cuban wrote in a single X contribution to his fellow billionaires. “You will think you have earned the right to ask and receive. You were a loyal, loyal soldier to him.”
“At the point when you need him most,” Cuban continued. “You will find out what so many have learned before you: His loyalty is only to himself.”
Cuban's message got here in response to a previous X post from Musk by which the SpaceX CEO amplified a series of conspiracy theories that Democrats would promote immigration to battleground states as “a surefire way to win any election.”
“If Trump is NOT elected, this will be the last election,” Musk said wrote.
Musk's support for Trump is a stark reversal from 2022, when he openly insulted the previous president on social media.
Cuban's warning to Musk, from one billionaire to a different, hinted on the implicit pursuit of presidency favor that wealthy political supporters undertake once they align themselves with a presidential candidate.
The two billionaires are on opposite sides of the presidential race this election cycle. But each business leaders are eyeing some extent of regulatory control.
Cuban believes Trump may not push through this trade in favor of Musk.
Cuban has develop into an outspoken surrogate for Vice President Kamala Harris and her economic agenda. In recent weeks, he has recurrently called Harris “better for business,” at the same time as he has expressed some skepticism about her plan to boost corporate tax rates.
As Cuban increases his public support, he can also be keeping track of a possible recent job on the Securities and Exchange Commission.
“I told her team, put my name in the SEC, that has to change,” Cuban said on CNBC “Squawk Box” earlier this month.
Meanwhile, Musk is on the lookout for a brand new job. Musk has repeatedly called for the creation of a so-called Government Efficiency Commission to crack down on federal spending if Trump wins a second term within the White House. And he has raised his hand to steer such an agency.
Earlier this month, Trump endorsed the concept of a government efficiency commission and suggested Musk could possibly be a “good man” to steer it.
But the Republican candidate assured that Musk, a busy CEO of several corporations, may not have the time for the job but that he could “consult.”
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