Elon Musk is backing Trump’s transition co-chair, Howard Lutnick, for Treasury Secretary

Norman Ray

World Courant

Elon Musk on the tenth Breakthrough Prize ceremony on the Academy Museum of Movement Footage on April 13, 2024 in Los Angeles, California.

The Hollywood Reporter | The Hollywood Reporter | Getty Photographs

On Saturday, Elon Musk shared who he helps as Treasury Secretary Xa cupboard place that newly elected President Donald Trump has not but introduced.

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Musk wrote that Howard Lutnick, co-chairman and CEO of the Trump-Vance transition and chairman of Cantor Fitzgerald, chairman of BGC Group and Newmark Group, “will impact actual change.”

Lutnick and Key Sq. Group founder and CEO Scott Bessent are reportedly prime picks to guide the Treasury Division.

Musk, CTesla’s EO and SpaceX, additionally included his ideas on Bessent in his publish on X.

“My view is that Bessent is a ‘enterprise as regular’ selection,” he wrote.

“Enterprise-as-usual is driving America bankrupt, so we want change by some means,” he added.

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Musk additionally mentioned it will be “fascinating to listen to extra individuals take into consideration this so @realDonaldTrump can think about suggestions.”

Howard Lutnick, chairman and CEO of Cantor Fitzgerald LP, left, and Elon Musk, CEO of Tesla Inc., at a marketing campaign occasion with former US President Donald Trump, not pictured, at Madison Sq. Backyard in New York, US . , on Sunday, October 27, 2024.

Bloomberg | Bloomberg | Getty Photographs

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In an announcement to PoliticsTrump transition spokesperson Karoline Leavitt made it clear that the president-elect has not made any choices concerning the place of Treasury secretary.

“President-elect Trump is making choices about who will serve in his second administration,” Leavitt mentioned in an announcement. “These choices can be introduced as quickly as they’re made.”

Each Lutnick and Bessent have shut ties to Trump. Lutnick and Trump have identified one another for many years, and the CEO even hosted a fundraiser for the newly elected president.

The Wall Road Journal additionally reported that Lutnick has already helped Trump vet candidates for Cupboard positions in his administration.

However, Bessent was a key financial advisor to the president-elect throughout his 2024 marketing campaign. Bessent additionally acquired help from Republican Senator Lindsey Graham of South Carolina, based on him Semafor.

“He is from South Carolina, I do know him properly, he is extremely certified,” Graham mentioned.

Elon Musk is backing Trump’s transition co-chair, Howard Lutnick, for Treasury Secretary

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