Donald Trump Fell for Elon Musk's Big Con [View all]

The Tesla and SpaceX CEO spent a pittance to help Trump get elected, and now the president is doing everything in his power to make Musk even richer—at Trump’s own political expense.

https://newrepublic.com/article/193357/trump-liberation-day-elon-musk-doge-big-con

https://web.archive.org/web/20250401193855/https://newrepublic.com/article/193357/trump-liberation-day-elon-musk-doge-big-con



Wednesday is Liberation Day, and one person might be even more excited about it than Donald Trump is: Elon Musk. While much of what the president will announce from the Rose Garden on April 2 remains a mystery, Trump has already declared that 25 percent tariffs will kick in this week on imported cars and light trucks—to be followed by tariffs on auto parts as well. Economists, car dealers, and consumers are sounding the alarm, and rightly so. “If the taxes are fully passed onto consumers,” the AP reports, “the average auto price on an imported vehicle could jump by $12,500.” But Trump said he “couldn’t care less” if that happens because then “people are gonna buy American-made cars. We have plenty.”

Well, not really. There is no such thing as a truly American-made car, if you take into account the origin of the parts. And even “American” brands, like General Motors and Ford, assemble a significant amount of their vehicles abroad. But when looking for the most American-made vehicles, one manufacturer stands out: Tesla. Its fleet is 100 percent assembled in the United States.

This is just the latest of many examples—almost too many to count—of Trump’s policies redounding directly to Musk’s benefit. From executive orders to foreign misadventures, much of what crosses Trump’s desk or flits through his birdbrain is in Musk’s material interest. Even Trump’s own political interests are taking a back seat to enriching Musk, who donated nearly $300 million last year to help Trump and his MAGA minions get elected. The generous (albeit still damning) interpretation is that the president is merely returning that favor; less favorably, he’s in Musk’s back pocket. Either way, the great con man Trump has met his match—now he’s the one being conned.

The Tesla CEO claimed last week that his company will also be significantly impacted by the tariffs because it imports some of its auto parts. But because Tesla’s vehicles are made in California and Texas, and it imports fewer parts by value than other manufacturers, it will have a tremendous competitive advantage. And even if the tariffs do ding Tesla, well, Musk can take heart that he’s making off like a bandit in so many other respects under the Trump administration.

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