Podbit · Pivot
Scott Galloway's theory: Musk offered Trump a deal — engineer NASDAQ 100 inclusion for Tesla to boost his net worth, and Musk will spend $1–10 billion on the midterms. Citizens United makes this legal. Musk influenced the last presidential election with just $250 million.
Where this was said
At 52:42 · chapter starts 51:40
An audience member from Australia asks about redistricting and voting rights. Kara lays out her three-part diagnosis of America's democratic rot: gerrymandering, Fox News, and social media [1] — Kara Swisher "There's three things I think have hurt our country more than anything. One is gerrymandering, two is Fox News, and the third is social medi…" 52:16 . She notes Republicans have overreached in redistricting and are beginning to pay for it in special elections, while Democratic enthusiasm is surging even among voters who don't love Democratic candidates — Trump is shedding base voters from Latinos to young men. Scott raises the stakes further with a theory: Musk called Trump and offered to bankroll the midterms in exchange for the SEC and NASDAQ granting Tesla inclusion in the NASDAQ 100 index — a favour worth $10–30 billion in incremental demand for his float and $20–40 billion to his personal net worth [2] — Scott Galloway "Scott Galloway's theory: Musk offered Trump a deal — engineer NASDAQ 100 inclusion for Tesla to boost his net worth, and Musk will spend $1…" 52:42 . Having spent $250 million to influence the last presidential election, Musk with a trillion-dollar war chest is, Scott argues, the most dangerous X-factor in U.S. democratic history.
Elon Musk reportedly spent $250 million to influence the last U.S. presidential election; Scott Galloway speculates he could spend $1–10 billion on the midterms.
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