Musk Wishes A 'Red Wave' In US Elections

In the context of the US presidential elections, SpaceX CEO Elon Musk delivered a significant statement seemingly in favor of former US President Donald Trump, who is gearing up to challenge the incumbent Joe Biden.

Known for his criticism of Biden, Musk asserted that America needs a "red wave" now ('red' signifies Republican Party), warning that the United States "is toast" if the Republican party does not succeed in the 2024 election.

Musk shared his views on his social media platform X by stating: "I voted 100% Dem until a few years ago. Now, I think we need a red wave or America is toast."

On multiple occasions, Musk has criticized Biden's handling of the Southern border crisis and accused the Democrats of being "controlled by the unions."

While Musk had previously disclosed voting for Biden in the 2020 election he turned critical of Biden after Tesla was excluded from the president's 2021 electric vehicle summit.

Well, Musk has a track record of influencing cryptocurrency markets with his mere social media posts. Will he repeat that feat with support for Trump as well? We need to wait and see.