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PoliticsDonald Trump

Elon Musk’s endorsement of a Treasury secretary candidate has reportedly rubbed Trump’s people the wrong way

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
November 18, 2024, 11:12 AM ET
Donald Trump and Elon Musk.
Donald Trump and Elon Musk.Chris Unger—Zuffa LLC/Getty Images

Elon Musk weighed in over the weekend on the increasingly tense battle for Treasury secretary in the second Trump administration—and that has reportedly raised the hackles of some Trump advisers, who worry his influence might have grown too large.

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The Washington Postreported that Musk’s endorsement via social media of Howard Lutnick, who is co-leading the Trump transition team, could add confusion to the process. One adviser suggested to the Post that Musk was acting as a “co-president” and could be overstepping his advisory role with Trump.

The Trump transition team didn’t immediately respond to a request for comment.

Musk on Saturday encouraged people on X to “weigh in” on who they thought should be Treasury secretary, then backed Lutnick over hedge fund manager Scott Bessent, saying “Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change.”

Bessent is more skeptical of cryptocurrency than Lutnick, who has suggested people could use it to pay their taxes.

Musk played a significant role in Trump’s reelection, putting over $100 million of his own money into a political action committee focused on Trump and appearing at several rallies. However, his public push for Lutnick before Trump has made a decision caught many off guard.  

Despite the apparent unease of some Trump staffers with Musk’s actions, there is no evidence that any rift has formed between Musk and Trump. Musk is still spending much of his time at Mar-a-Lago, and traveled with Trump to New York Saturday to attend a UFC fight.

Whoever becomes Treasury secretary, Musk is likely to work somewhat closely with them as part of his duties with the Department of Government Efficiency (DOGE). DOGE will work with the White House Office of Management and Budget to implement the recommendations of Musk and Vivek Ramaswamy. Musk has said previously he believes it is possible to cut $2 trillion from the federal budget, though many have been skeptical of this figure.

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About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Coins2Day, covering everything from general business news to the video game and theme park industries.

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