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Elon Musk says Trump ‘must win’ election to ‘preserve democracy’

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Elon Musk spoke at a Pennsylvania rally for former President and Republican presidential candidate Donald Trump in Pennsylvania over the weekend, calling the election a “must-win” for Trump, and noting that people needed to vote to preserve the Constitution and democracy as a whole.

It was reported earlier this week that Musk would be speaking at Trump’s rally in Butler, Pennsylvania, where the former President was shot in an assassination attempt in July. Trump invited Musk onto the stage during the early minutes of his speech, with the Tesla and SpaceX CEO taking up just a couple of minutes of the former President’s stage time.

During the speech, Musk talked about many of the themes he has written about online over the past few months, especially including freedom of speech and the need for everyone to get out and vote. He also called this election the “most important election of our lifetime,” tying it to concerns about voter fraud and California’s recently passed SB 1174, which banned voter ID in response to a previous Huntington Beach voter ID requirement.

Musk continued:

The other side wants to take away your freedom of speech. They want to take away your right to bear arms, they want to take away your right to vote, effectively. There are 14 states now that don’t require voter ID. California, where I used to live, just passed a law banning voter ID for voting.

Ha, I still can’t believe that’s real.

So how are you supposed to have a good, proper election if there’s no ID? It’s meaningless. And free speech—free speech is the bedrock of democracy.

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And if people don’t know what’s going on, if they don’t know the truth, how can you how can you make an informed vote?

He also went on to share his support for the Second Amendment as a means of protecting the first amendment, before going on to say that a Trump victory was necessary to “preserve the Constitution and democracy.”

You must have free speech in order to have democracy. That’s why it’s the First Amendment, and the Second Amendment is there to ensure that we have the First Amendment.

President Trump must win to preserve the Constitution. He must win to preserve democracy in America. This is a must-win situation. Must-win.

Musk then went on to encourage everyone in the audience, and everyone watching the video, to make sure their loved ones were registered to vote. If they don’t, Musk predicts that this will be the “last election.”

There’s only two days left to register to vote in Georgia and Arizona, 48 hours. Like text people now, and then, make sure they actually do vote. If they don’t, this will be the last election.

That’s my prediction. Nothing’s more important.

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Following Musk’s short speech, Trump continued, going on to talk about recent relief efforts in partnership with SpaceX in North Carolina, in which the company has been working to help deploy Starlink for victims of Hurricane Helene. Trump also aired criticisms of the response of President Joe Biden and election opponent Kamala Harris, while touting Musk and the SpaceX team for getting Starlink out to victims across North Carolina and Georgia.

Musk’s statements echoed many of his recent statements on X, including references to the election as a “must-win” for Trump and running mate JD Vance, and saying the “survival of the Constitution is indeed at risk.”

Last week, Musk also aired similar claims that this could be the “last election” if Trump does not win, due to claims that enough non-citizens would be able to vote under Harris and running mate Tim Walz and essentially create a “one-party state” nationwide.

Musk officially endorsed Trump in the 2024 election in a post on X in July, immediately following the assassination attempt. Last month, Trump also said that he would appoint Musk to the role of the “Government Efficiency Commission,” adding that the Tesla and SpaceX CEO has already agreed.

You can see Musk’s speech on Saturday from Forbes coverage below.

What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

Zach is a renewable energy reporter who has been covering electric vehicles since 2020. He grew up in Fremont, California, and he currently lives in Colorado. His work has appeared in the Chicago Tribune, KRON4 San Francisco, FOX31 Denver, InsideEVs, CleanTechnica, and many other publications. When he isn't covering Tesla or other EV companies, you can find him writing and performing music, drinking a good cup of coffee, or hanging out with his cats, Banks and Freddie. Reach out at zach@teslarati.com, find him on X at @zacharyvisconti, or send us tips at tips@teslarati.com.

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Elon Musk

The Boring Company’s newest tunnel vehicle runs on Tesla parts and no one is driving it

The Boring Company’s new tunnel vehicle runs on Tesla Model 3 batteries and drive units.

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The Boring Company just introduced a new piece of hardware, and it runs on parts pulled straight from a Tesla showroom. Liner Truck 3, unveiled in a post from the tunneling company’s official X account, is an all electric vehicle built around Tesla Model 3 battery packs and drive units, purpose built to move concrete tunnel segments to the boring machine face without a single person underground.

The job itself is unglamorous but critical. Each precast segment run weighs more than 22,000 pounds, roughly the load of a full cement mixer, and Liner Truck 3 hauls that weight repeatedly between the surface staging area and wherever the Prufrock machine happens to be cutting.

The Boring Company said Liner Truck 3 is piloted remotely out of its Global Operations Control Center in Texas, extending the Zero-People-In-Tunnel approach the company has spent years building toward. An earlier version of a ZPIT liner truck was already tested at the company’s Bastrop, Texas research tunnels, and a factory tour released last month showed an employee flying a fully loaded liner truck with a PlayStation controller. Liner Truck 3 looks like the production version of that same idea, cleaned up and pushed into daily use.

The timing lines up with a company digging in more places than it ever has before. The Boring Company now has multiple Prufrock machines active or arriving in Nashville, where Music City Loop construction has been accelerating since February, and its Vegas Loop network keeps adding tunnel mileage on a near monthly basis. Every one of those projects depends on getting concrete segments to the cutting face fast enough to keep the boring machine from idling, which is exactly the bottleneck Liner Truck 3 is designed to remove.

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It also reinforces something Tesla owners have watched happen gradually across Musk’s companies: passenger car hardware finding a second life in heavy equipment. Model 3 drive units already move people through the Vegas Loop, and now the same components are hauling concrete underground in Nashville and wherever The Boring Company digs next. Whether that kind of component reuse extends further into TBC’s equipment lineup, or into other Musk owned industrial hardware, is the next thing worth watching.

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Elon Musk and SpaceX shrugs off the trading day Wall Street feared most

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Rendering of Elon Musk overlooking a Starship fleet (Credit: Grok)

SpaceX stock did the opposite of what most of Wall Street expected this week, when the day designed to be its most dangerous turned into a rally, and the rally kept going.

Thursday marked the first major lockup expiration since SpaceX’s June IPO, making roughly 911.5 million insider held shares eligible to trade for the first time, more than doubling the company’s public float. Analysts and short sellers had spent weeks bracing for a flood of selling, especially after the stock fell 13 percent following its first earnings report as a public company on Tuesday. Instead, shares rose 6.1 percent Thursday to close at $114.92, and by Friday they were trading near $129, up more than another 12 percent on the day.

SpaceX shorts get warned by Musk ally, echoing Tesla’s early struggles

The setup made the outcome notable. Short interest had climbed to roughly 34 percent of the float heading into earnings, among the highest of any large cap stock, with about 95 percent of available shares to borrow already on loan. CEO Elon Musk warned short sellers twice in the weeks before the lockup, writing on X that “the survival probability of firms who maintain a significant short position in SpaceX over time is very low,” then following up on the morning of earnings with “I try to warn them, but they just double down.”

When the newly unlocked shares hit the market and the selloff never showed up, some of that short position appears to have started unwinding. TipRanks reported that options activity shifted toward bullish strategies like put selling and risk reversals following the rally, with roughly $600 million in options premium trading Thursday alone. Retail buyers also stepped in during the earnings dip, according to Vanda Research.

The fundamentals behind the stock have not changed much in a week. SpaceX’s revenue nearly doubled year over year to $7.8 billion, with Starlink subscribers doubling to 12 million and the company’s AI segment growing 247 percent. What spooked investors on Tuesday was the spending side. Capital expenditures jumped to more than $18 billion for the quarter, up from $2.8 billion a year earlier, with AI investment alone rising from $749 million to $15.8 billion. Wall Street remains split on whether that spending is building infrastructure SpaceX needs or outrunning what the business can currently support, a debate Teslarati has tracked since shares first came under pressure.

None of that resolves the bigger question hanging over the stock. Thursday’s release was only the first of nine staggered lockup tranches, with roughly $800 billion worth of additional shares scheduled to become eligible through October, and Musk’s own stake stays locked until next June. If this week is any indication, the market is treating that supply as something it can absorb rather than something to fear, at least for now.

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The Boring Company’s newest Vegas Station has a permit quietly waiting behind it

Sahara Las Vegas opened a new Vegas Loop station, joining an exclusive two resort transit club.

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Sahara Las Vegas opened a new Vegas Loop station Thursday, giving The Boring Company’s underground transit system its northernmost stop yet on the Strip. The station sits at Sahara’s Paradise Road entrance, on the southeast corner of Las Vegas Boulevard and Sahara Avenue, and connects riders to the Las Vegas Convention Center, other Strip resorts on the network and, eventually, Harry Reid International Airport.

The addition makes Sahara the second resort, after Fontainebleau opened its own station in January, to get a stop built at street level rather than tucked into the property itself. Sahara now joins Westgate as the only two Strip resorts offering both a Vegas Loop station and a stop on the Las Vegas Monorail, giving guests two separate ways to get around without leaving the property.

The Boring Company just doubled its tunneling power in Nashville

The bigger news buried in Thursday’s announcement is what comes next. Boring Company has already secured its first permit to tunnel north of Sahara Avenue, extending the network beyond where it currently ends, even though permits to push the Loop toward downtown Las Vegas still haven’t been granted. Crews are also working on a two mile dual tunnel line running from Westgate to a planned station at 4744 Paradise Road, just north of Tropicana Avenue, that Las Vegas Convention and Visitors Authority CEO Steve Hill has said the company hopes to open in time for November’s Las Vegas Grand Prix.

Ridership has grown alongside the buildout. The Loop moved roughly 82,000 passengers during CONEXPO in early March, a total the company highlighted on its own X account at the time, and the system has now carried more than 4 million passengers through 11 open stations since it began running in 2021. The airport connector tunnels, meant to give the Loop a direct link to Harry Reid, have slipped past their original first quarter target and remain under construction, with Boring Company director Mike Baier saying that a full opening is still a few months out.

For Sahara, the calculation is straightforward. Convention traffic drives a large share of Loop ridership, and a station at the property’s front door gives conventiongoers one more reason to book rooms on the Strip’s north end instead of closer to the convention center itself.

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