Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Musk may intervene, suggesting Trump adopt a more lenient alternative to Biden administration's AI executive order

Musk may intervene, suggesting Trump adopt a more lenient alternative to Biden administration's AI executive order

Bitget2024/11/10 10:55

According to Fortune magazine, with the dust settling on the U.S. election results, Musk's support for Trump, seen by outsiders as a high-stakes gamble, has yielded obvious immediate returns. It is reported that Musk may try to lobby Trump to abandon his opposition to Biden administration's policy of tax credits for electric vehicles and encourage the purchase of electric cars. After Trump delivered his victory speech, Tesla's stock price soared significantly. Investors expect that the Trump administration will stop federal investigations and law enforcement actions against Tesla, especially those related to its autonomous driving software.

In addition, relations between the Federal Aviation Administration (FAA) and SpaceX are very tense. In September, Musk asked FAA Administrator Michael Huerta to resign because SpaceX was fined $630,000 for violating rocket launch regulations. Musk stated that he plans under the Trump administration to establish a Department of Government Efficiency (DOGE), whose work plan includes relaxing regulation on its rocket launches. Trump himself also suggested using Starlink satellite services as part of a future government investment plan worth $42 billion in broadband infrastructure aimed at providing internet connectivity in rural areas - a potential financial boon for Starlink.

Musk’s generative artificial intelligence startup xAI owns a chatbot competing with OpenAI’s ChatGPT and other large language models; Musk might intervene suggesting an alternative more lenient than Biden administration’s AI executive order adopted by Trump . In California state , Musk supports controversial safety legislation SB 1047 which would impose restrictions on large AI companies; this legislation faced strong opposition from venture capitalists and major developers due to potentially catastrophic risks posed by AI.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!