Trump’s ‘loyalty is barely 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 in the end repay his political money owed.

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

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

Cuban’s message got here in response to an earlier X put up from Musk during which the SpaceX CEO amplified quite a lot of conspiracy theories about Democrats encouraging immigration into battleground states as “a surefire approach 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 after 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 by means of on that change for Musk.

Cuban has grow to be an outspoken surrogate for Vice President Kamala Harris and her financial agenda. In latest weeks, he has usually championed Harris as “higher for enterprise,” even amid some skepticism about her plan to lift 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 Alternate Fee.

“I advised her workforce, put my identify in for the SEC, it wants to alter,” Cuban stated on CNBC’s “Squawk Box” 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 government efficiency commission 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 thought and advised 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 may “seek the advice of.”