Elon Musk is the only Silicon Valley leader who is a part of both the Donald Trump teams focusing on policy making and manufacturing job
Published By: Eunice Gettys on January 28, 2017 10:06 am EST
Last month, Tesla Motors Inc (NASDAQ:TSLA) was added to Trump’s Strategic and Policy Forum, becoming one of the two business leaders from the Silicon Valley to provide his input for policymaking. On Friday, the White House announced a team of CEOs that would advise the President on ‘Manufacturing Job Initiative’ and Mr. Musk was one of the 28 CEOs chosen.
Interestingly, Mr. Musk and General Electric CEO Jeff Immelt are the only two people who made into both the teams. The team of CEOs, which had a meeting with Trump administration on Monday and part of the Manufacturing Job Initiative, will be advising the US Secretary of Commerce. Dow Chemicals chief Andrew Liveris was named the head of the council by Mr. Trump himself.
CNBC tweeted the names of the members that are in the manufacturing jobs team:
(INSERT TWEET HERE) https://twitter.com/CNBCnow/status/824992019625947136?ref_src=twsrc%5Etfw
Some of the chief executives are from big US companies such as Caterpillar, Dell, Ford, Intel, Johnson & Johnson, Lockheed Martin, Under Armour, and Whirlpool. Yesterday, The Country Caller reported that Mr. Musk floated the idea of a carbon tax at the White House in Monday’s meeting, which did not get much support from other members as well as the Trump administration.
However, one thing is clear that Mr. Musk has become the President’s man from the Silicon Valley. This is the main reason why Tesla shares have surged over 40% since December 1. After tumbling through the trading session on Friday, Tesla shares recovered and closed the market up 0.17% at $252.95
Like previously reported, Mr. Musk and Mr. Trump have a completely different view when it comes to global warming and renewables; however, given their interest align when it comes to manufacturing jobs, Mr. Musk is likely seen as important person to Mr. Musk. Some of the credit can be given to Peter Thiel, a co-founder of Paypal, friend of Mr. Musk, and now advisor to the President.
Tesla already has employed over 25,000 employees in the US and it plans to hire about 6,500 workers at battery GIgafactory in Sparks, NV, over 3,000 manufacturing workers at Tesla Factory in Fremont, CA, and 1,000 at its solar Gigafactory in Buffalo, NY. If Mr. Trump continues working with Tesla’s chief, he can take credit for these thousands of jobs and fulfill his vow to his voters.