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Image for article titled Elon Musk met with Donald Trump just as the former president badly needs cash

Picture: NurPhoto (Getty Photographs)

Former President Donald Trump and Tesla CEO Elon Musk met over the weekend in Florida, in accordance with a brand new report, a gathering that got here as Trump gears up for the 2024 common election dealing with rising monetary and authorized peril.

The New York Instances, citing unnamed sources briefed on the assembly, experiences that Trump and Musk met Sunday in Palm Seaside with different rich GOP contributors. It stays unclear what they mentioned or if Musk made, or will make, any monetary commitments.

But when Musk had been to plow any of his astronomical wealth into aiding Trump’s marketing campaign to win again the White Home in opposition to President Joe Biden, it could possibly be an necessary enhance to Trump’s political prospects.

Learn extra: The stocks that Bill Gates, Jeff Bezos, and more of the world’s richest people are buying and selling

Trump himself faces greater than half-a-billion {dollars} in penalties stemming from the civil fraud case in opposition to his firm in New York and a pair of lawsuits that ended with him being found liable for sexually abusing and defaming the writer E. Jean Carroll. That could wipe out the former president’s available cash supply and force him to sell some of his properties. And the net of political teams that assist Trump are increasingly strained by legal bills related to the 4 completely different prison indictments he’s dealing with.

Musk, in the meantime, is likely one of the richest individuals on the earth. Whereas he lost the top spot to Amazon founder Jeff Bezos this week in a single rating amid a punishing stretch for Tesla stock, he’s nonetheless price near $200 billion. And his political priorities have more and more come into alignment with these of Trump and his supporters in recent times, especially when it comes to restricting immigration. In 2022, he suggested his social media followers to support Republicans in the midterm elections.

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