Update, July 24:Elon Musk told Jordan Peterson in an interview Monday evening that “I am not donating $45 million a month to Trump,” adding that he does not belong to the former president’s “cult of personality.” Musk acknowledged, however, that helped create America PAC to promote “meritocracy and individual freedom,” and that it would support Trump while also not being “hyperpartisan.”
When former President Donald Trump addressed a crowd of non-union autoworkers in Clinton Township, Michigan, last fall, he came with a dire warning: “You’re going to lose your beautiful way of life.” President Biden’s electric vehicle transition, Trump claimed, would be “a transition to hell.”
Nearly 10 months later, Trump seems to have warmed up considerably to the idea of that hell. Despite denouncing the electric vehicle transition at countless interim rallies as a woke and all-but-certain “bloodbath” for American automakers and making endless jokes about range (including, admittedly, the banger: “The happiest moment for somebody in an electric car is the first 10 minutes … The unhappiest part is the next hour because you’re petrified that you’re not going to be finding another charger”), Trump’s tone on EVs has considerably softened in the past several weeks.
“I have no objection to the electric vehicle — the EV. I think it’s great,” Trump told Bloomberg earlier this month, shortly after promising to end Biden’s nonexistent EV mandate on “day one” in office. His improved mood still came with caveats (“They don’t go far enough; they’re very, very expensive; they’re also heavy”) but it seemed to be part of a larger trend. “I’m totally for [electric cars], whatever the market says,” Trump followed up with a crowd in Grand Rapids, Michigan, over the weekend. “And if it’s 10% of the market, 12%, 7%, 20% — whatever it is, it’s okay.”
Some of this fluctuation is normal for Trump. As Patrick George has written for Heatmap, the former president’s “knowledge of the workings of the auto industry is suspect on a good day”; when in office, Trump even hyped the now-defunct EV manufacturer Lordstown Motors.
But you don’t have to look too far for the answers to, Why this particular flip-flop? and Why now? Trump told us himself when he was in Arizona last month: “I’m a big fan of electric cars,” he said. “I’m a fan of Elon — I like Elon.” That is, Elon Musk, CEO of Tesla, the country’s biggest EV maker.
Bemused Tesla shareholders asked Musk about Trump’s change of heart on EVs, to which the CEO reportedly quipped, “I can be persuasive.” Trump’s new tune comes amid reports that the Tesla CEO pledged to give a new pro-Trump super PAC $45 million monthly through November. Trump isn’t even shy about hiding this link; in the same speech he claimed to be “totally for” EVs, he also bragged about the size of Musk’s donation.
Tesla shares popped 4% after Trump’s most recent comments, and the company is now big enough not to need the government subsidies that Trump would inevitably roll back. (Of course, it’s a different story for Tesla’s rivals.)
It’s not just that Trump’s support of EVs evidently has a price tag. It’s the unspoken suggestion of what other industry interests might be able to buy. You can bet fossil fuel executives haven’t missed the message — Trump has reportedly even pitched policy priorities like expanding oil drilling leases, threatening offshore wind, and undoing Biden’s protections for the Arctic behind closed doors with would-be oil and gas donors.
Voters usually want conviction and vision from their politicians—not someone taking best offers from the rich. But this is no ordinary election. Besides, there are still plenty of weeks to go until November. That’s plenty of time to change a mind.
