Could Musk's ties to Trump end investigations into Tesla?
What's the story
Elon Musk's close ties with US President Donald Trump could mean the end of several ongoing federal investigations into Tesla.
These include probes into Tesla's partially automated vehicles and a Justice Department criminal investigation, looking into whether Musk and Tesla have overstated their cars' self-driving capabilities.
Safety advocates have been worried about this possibility, crediting federal oversight with saving lives.
Political ties
Musk's influence in Trump administration under scrutiny
Musk has gained considerable clout in Trump's administration, having backed Trump's third presidential bid with more than $270 million in donations.
He now heads the Department of Government Efficiency (DOGE), a position that is currently being challenged in court.
The DOGE is responsible for cutting down government regulations and spending.
Despite his position, Musk claimed he never asked Trump "for any favors, nor has he offered me any."
Market impact
Tesla's stock performance and potential policy changes
Tesla's stock soared over 60% after Trump's election, and despite a drop, it is still 40% above pre-election levels.
Notably, the White House hasn't yet commented on how it will deal with investigations involving Tesla or other Musk companies.
However, Trump's team recommended changes that could benefit Tesla, such as scrapping a federal order requiring automakers to report crash data involving self-driving tech.
Safety fears
Public concerns over reduced oversight of Tesla
People affected by Tesla crashes have raised concerns about less oversight resulting in more deadly accidents.
Neima Benavides Leon, whose sister died in a crash involving a Tesla on Autopilot, stressed the need for investigation when technology fails.
The National Highway Traffic Safety Administration (NHTSA) is currently conducting six pending investigations into Tesla's self-driving technology.
Policy position
Musk's stance on subsidies and federal oversight
Musk has openly backed the elimination of subsidies such as the $7,500 consumer tax credit for electric vehicle purchases, thinking it would help Tesla by affecting its rivals more. He has also voiced support for having the US government create regulations governing self-driving cars.