Musk reveals content of Trump talks during shareholder meeting: ‘I think a lot of his friends now have Teslas’

A promising future for Tesla wasn’t all billionaire CEO Elon Musk had to talk about as “very nice” former President Donald Trump became a topic of shareholder interest.

The potential of a roughly $50 billion outcome for the tech entrepreneur was the buzz of the electric vehicle manufacturer’s 2024 Cyber Roundup Thursday. However, a question and answer session prompted some insight into where Musk stood concerning the GOP leader.

As attendees lined up to ask about the future of EVs, artificial intelligence, and robotics, one wondered at an apparent change of heart from the president regarding Tesla.

(Video: Tesla)

“Donald Trump has been a big critic of electric vehicles,” began the question that garnered laughter from the CEO, “but last week, he surprised us by saying he’s a big fan of Tesla and a big fan of you. What did you tell him?”

“Well, you know, I can be persuasive,” said Musk, teasing out a vague response. “I have had some conversations with him, and he does call me out of the blue for no reason. I don’t know why, but he does.”

“He’s very nice when he calls and you know I was like ‘you know electric cars are pretty good for the future. America’s the leader in electric cars.’ You know, ‘buy American and stuff,'” he continued before suggesting the opinion came down to peer influence. “I think a lot of his friends now have Teslas. And they all love it. And he’s a huge fan of the Cybertruck.”

The commentary came the same day that Trump’s interview for Logan Paul’s “Impaulsive” podcast premiered where he told co-host Mike Majlak that Musk is “a spectacular guy.”

Only weeks earlier, The Wall Street Journal had reported that a potential second term for the presumptive Republican nominee could see the tech mogul joining the administration in an advisory role. The newspaper had also detailed that the billionaires, along with their sons X and Barron Trump, had been joined by Nelson Peltz at a breakfast in March where they criticized President Joe Biden.

Meanwhile, a vote from shareholders stood in support of Musk’s 2018 11-figure pay package deal that had been previously struck down by Delaware Chancery Court Judge Kathaleen St. Jude McCormick who had argued, “The process leading to the approval of Musk’s compensation plan was deeply flawed. Musk had extensive ties with the persons tasked with negotiation on Tesla’s behalf.”

Despite the ruling from McCormick invalidating the compensation based on the performance-based deal taking into consideration Tesla’s capitalization, profitability and revenue, shareholders seeking to keep their CEO invested in the company agreed once more that the deal should stand.

Additionally, after Musk had criticized incorporating in the state of Delaware over the judicial system’s interference in the business arrangement, shareholders had also agreed to change the incorporation to Texas.

Kevin Haggerty


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