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Investing in the Trump-Musk Romantasy

Will the investor infatuation with Tesla (or SpaceX or Starlink…) fade after Trump and Musk have their inevitable falling out?

donald trump elon musk
Some in Trump’s inner circle refer to Musk as “Uncle Elon” and assume that he’ll eventually overstep his elastic bounds and run afoul of his new buddy. Photo: Jeff Bottari/Zuffa LLC
William D. Cohan
January 12, 2025

The cover of The New Yorker, no matter how seemingly quaint or analog, sometimes really does capture the spirit of our times. Such was the case with Barry Blitt’s masterstroke illustration, with the dateline of Inauguration Day, depicting a euphoric Elon Musk sneaking his hand onto the Bible beside Trump’s to certify his role as the shadow president of the United States—a position he seems to have been occupying ever since Election Day. Like the best comedy, it’s funny because it’s true and grotesque at the same time. Brilliant.