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The Street
The Street
Luc Olinga

Elon Musk Hangs Out With a Powerful New Friend

Tesla CEO Elon Musk managed to break the monotony of his busy schedule. 

The Techno King, as he's known at the electric-vehicle maker, TSLA recently indicated that since he acquired Twitter for $44 billion at the end of October his schedule now consisted of working, working and working and has put his health at risk. 

"I work all day, then go home & play work simulator," he said on Jan. 27.

"Last 3 months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla & SpaceX duties," the billionaire wrote on Feb. 5. "Wouldn’t wish that pain on anyone."

Musk then did what he rarely does: He asks for everyone's support.

"Public support is much appreciated!"

Musk Becomes a Conservative Icon

The billionaire just broke this dangerous routine to attend the Super Bowl. The biggest sporting event in North America took place at State Farm Stadium in Glendale, Ariz., on Feb. 12, with the Kansas City Chiefs beating the Philadelphia Eagles 38-35. 

Noteworthy is that Musk attended the game alongside another tycoon: the media mogul Rupert Murdoch. 

The cameras of Fox, the media network that Murdoch owns and that broadcast the game, captured images of the two billionaires sitting in the same box. They were game-day buddies.

Musk, who also founded SpaceX, and the head of News Corp. (NWS) (NWSA) were accompanied by Elisabeth Murdoch, Rupert's daughter, among others. 

The sight of the two tycoons together generated speculation about possible business deals and investments between them.

Musk, 51, has become a new icon for conservatives in recent months. He made his offer to acquire Twitter after complaining that the microblogging site was muzzling right-wingers. 

"Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy. What should be done?" he wrote on March 26.

The billionaire has decided to make the platform a more accommodating place for conservatives. He reactivated most of the far-right Twitter accounts banned under Twitter 1.0 for violating the firm's policy related to xenophobia, anti-Semitism, racism and disinformation.

"Going forward, Twitter will be broadly accepting of different values, rather than trying to impose its own specific values on the world," the billionaire announced on Feb. 7.

Musk and Murdoch Have Huge Influence

This announcement implies that the social network no longer has a content-moderation policy. 

In addition, the billionaire also regularly attacks progressives and their ideologies -- environmental-social-governance, gender identity and more -- and sometimes gives the impression that they are unwelcome on Twitter.

Musk, who moved Tesla's headquarters from California to Texas at the end of 2021, announced last year that he would now vote Republican. He also promised to commit between $20 million and $25 million of his fortune to help the candidate of his choice during the presidential election of 2024. His net worth is currently estimated at $179 billion as of Feb. 12, according to Bloomberg Billionaires Index

Murdoch, 91, is for his part the chief of Fox News, considered as the channel most favored by conservatives. The billionaire and Fox have been kingmakers among Republicans in recent years.

There is no doubt that Musk and Murdoch will play an important role in the next political cycle, which will start at the end of the year as many observers call on former President Donald Trump to make way for a new generation of politicians on the right.

Trump has already declared his candidacy and is already attacking potential rivals like the Republican Florida Gov. Ron DeSantis, who is Musk's candidate.

James Murdoch, one of Rupert's sons, is a member of Tesla's board.

Musk is also looking for a CEO for Twitter after he resigned a few weeks ago following criticism from Tesla shareholders. Seeing him with Elisabeth Murdoch sparked speculation that she might be approached for the role. Based in the U.K., Elisabeth Murdoch is a producer and an investor.

The images of Musk with the Murdochs were widely commented about on social networks. A Twitter user wondered what they were talking about. Musk immediately responded.

"Elon Musk is sitting next to Fox News owner Rupert Murdoch at the SuperBowl," the user wrote. "What are they talking about? Wrong answers only."

"Dogecoin," the billionaire responded after the game. 

Dogecoin is the crypto coin for which Musk is a leading evangelist.

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