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In a most surprising turn during the current political campaign in the United States, President Joe Biden has hit out at Elon Musk, the head of Tesla (TSLA, Financial), for immigration law hypocrisy but noted instances where the billionaire had flown back to the United States illegally. The news came from the Washington Post, which accused him of violating his visa rules by working on his start-up rather than attending classes at Stanford University. Musk is acknowledged as the wealthiest man globally, and he has vehemently denied such claims with passion, arguing his working stature on microblogging forum X and categorizing Biden's remarks as misrepresentation.
Some of these early investors raised nails in their heads when Musk started Zip2, and some of its fears stemmed from the fact that Musk himself admitted in an email dated 2005 that he initially had no work visa. To everyone's surprise, this email had to be produced in a defamation lawsuit case.
During such personal scandals, Musk has plunged into political fund-raising for Trump and other Republican candidates in the subsequent elections worth $70m. Musk's participation has been particularly vocal, and Trump has vowed to bring him on board his administration come November.
This emerging plot line is especially ironic in Musk's political and biographical trajectory, particularly given his standing as a tech titan and more recent activist. The complete consequences of these discoveries on the Tesla and Space X patron and his political visibility are still unknown or are still to be sketched out as the story unfolds.
This article first appeared on GuruFocus.