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Leaked documents suggest a secret effort between Donald Trump and Elon Musk to influence regulations in favor of business. Internal memos indicate Tesla worked with Trump allies to push for lighter rules on AI and self-driving cars. Critics warn this could give Musk’s companies an unfair advantage and undermine fair oversight.
Story Summary
Leaked documents suggesting coordination between former President Donald Trump and Tesla CEO Elon Musk to promote business-friendly trading rules have ignited controversy in Washington and on Wall Street. Internal memos indicate Tesla may have collaborated with Trump’s allies to influence regulatory policy, particularly regarding artificial intelligence and self-driving vehicles, raising concerns about government oversight and the future of American innovation.
Tesla’s compliance team, according to SEC sources, advocated for lighter regulations. Simultaneously, Trump called for deregulation to benefit American entrepreneurs. This confluence of interests fueled a 15% surge in Tesla’s stock price as investors anticipated a more favorable regulatory environment for tech companies.
Leaked memos referencing “vizor,” reportedly a codeword for lobbying efforts, suggest these activities aligned with private meetings between Musk, Trump campaign members, and congressional leaders. Critics contend the proposed changes could unfairly advantage Musk’s companies and political allies, while both Musk and Trump deny any wrongdoing. Musk stated on X, “We innovate, we don’t collude. The future needs less bureaucracy, not more.”
This controversy has sparked debate about the balance between fostering innovation and ensuring market stability. Supporters argue current regulations hinder progress in key sectors like electric vehicles and artificial intelligence, while opponents warn that rapid deregulation could destabilize markets and erode public trust. Some are calling for congressional investigations into potential legal violations or preferential treatment.
The White House and SEC have pledged a full review of the proposals and Tesla’s stock rally. Trump continues to champion deregulation as a campaign priority, characterizing the controversy as evidence of resistance to American progress. The market remains volatile, with Tesla’s stock price fluctuating as tech companies assess the potential opportunities and risks. This episode underscores the increasing interconnectedness of business, technology, and politics, with the potential to reshape not only regulations for U.S. companies but also presidential influence over key industries.
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