One of Donald Trump’s main campaign themes was ending the federal electric vehicle mandate, which he calls a China-first policy that taxes the electric grid, subsidizes forced labor, and destroy

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Musk has emerged as a prominent member of Trump's inner circle. Tesla has lobbied for electric vehicle subsidies and other benefits over the years.

The Tesla CEO was named to a position in the second Trump administration on Tuesday evening. Investors don’t seem to be bothered by the idea.

US president-elect Donald Trump has appointed Elon Musk to lead the Department of Government Efficiency. The Tesla Chief Executive will work alongside Vivek Ramaswamy - who supported Donald Trump after failing his own campaign for the Republican presidential nomination.