Mark Cuban warns Elon Musk: Trump’s ‘loyalty is only to himself’

Billionaire investor Mark Cuban cautioned Tesla CEO Elon Musk on Sunday towards forming an alliance with former President Donald Trump, as a result of, he stated, the Republican presidential nominee could not finally repay his political money owed.

“Elon, there’ll come a time whenever you want one thing from Donald Trump,” Cuban wrote in an X submit to his fellow billionaire. “You’ll suppose you’ll have earned the best to ask and obtain. You will have been a loyal, devoted soldier for him.”

“On the level you want him probably the most,” Cuban continued. “You’ll find out what so many earlier than you may have discovered, his loyalty is just to himself.

Cuban’s message got here in response to an earlier X submit from Musk wherein the SpaceX CEO amplified a wide range of conspiracy theories about Democrats encouraging immigration into battleground states as “a surefire method to win each election.”

“If Trump is NOT elected, this would be the final election,” Musk wrote.

Musk’s endorsement of Trump is a stark reversal from 2022 when he would brazenly sling insults on the former president on social media.

Cuban’s warning to Musk, one billionaire to a different, hinted on the implicit bid for governmental favor that rich political supporters make once they hitch their wagon to a presidential candidate.

The 2 billionaires are on opposing sides of the presidential race this election cycle. However each enterprise leaders have their eyes on some degree of regulatory management.

Trump, Cuban believes, may not observe via on that change for Musk.

Cuban has turn into an outspoken surrogate for Vice President Kamala Harris and her financial agenda. In latest weeks, he has commonly championed Harris as “higher for enterprise,” even amid some skepticism about her plan to boost company tax charges.

As Cuban ramps up his public assist, he’s additionally conserving tabs on a possible new job alternative on the Securities and Trade Fee.

“I advised her crew, put my title in for the SEC, it wants to alter,” Cuban stated on CNBC’s “Squawk Field” earlier this month.

In the meantime, Musk is chasing a brand new job of his personal. Musk has repeatedly floated the creation of a so-called authorities effectivity fee to crack down on federal spending if Trump wins a second time period within the White Home. And he has raised his hand to helm such an company.

Earlier this month, Trump endorsed the federal government effectivity fee concept and recommended Musk might be a “good one” to steer it.

However the Republican nominee hedged that Musk, a busy CEO of a number of firms, may not have the time for the job, however that he might “seek the advice of.”