Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Greg McKenna

Elon Musk could get huge tax break working for Trump

Elon Musk raises his first and smiles while speaking at a podium with Donald Trump smiling in the background. (Credit: IM WATSON—AFP via Getty Images)

Elon Musk has seemingly embraced the idea of serving in a potential Trump administration. If he did, however, take a cabinet position—or run his proposed “Department of Government Efficiency”—it would pose massive conflicts of interest given that he runs large companies like SpaceX and Tesla that benefit from federal contracts.

That could end up being a good deal for the world’s richest man. If Musk is forced to sell his financial interests in his companies, he could receive a tax break worth billions of dollars.  

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.