Elon Musk’s endorsement of Howard Lutnick over Scott Bessent for Treasury secretary includes a proposal for Musk to moderate an online public debate between the pair.
Elon Musk’s growing influence in President-elect Donald Trump’s transition team was on full display on Nov. 16 as he publicly endorsed Howard Lutnick, CEO of Cantor Fitzgerald, for Treasury secretary, thrusting the usually private Cabinet selection process into the social media spotlight.
Musk voiced support for Lutnick in a Nov. 16 post on social media platform X, framing him as a reformer who could bring much-needed change to Washington. Musk contrasted Lutnick with hedge fund manager Scott Bessent, the other leading contender for the role.
Would be interesting to hear more people weigh in on this for @realDonaldTrump to consider feedback.
— Elon Musk (@elonmusk) November 16, 2024
My view fwiw is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change.
Business-as-usual is driving America bankrupt, so we need change… https://t.co/igGLZOJ8wz
“Would be interesting to hear more people weigh in on this for @realDonaldTrump to consider feedback,” Musk wrote, tagging Trump in his post. “My view [for what it’s worth] is that Bessent is a business-as-usual choice, whereas @howardlutnick will actually enact change. Business-as-usual is driving America bankrupt, so we need change one way or another.”
Musk’s post ignited a flurry of reactions on X. Some critics called Lutnick too disruptive, warning that he might take a “cowboy’s approach” to managing the Treasury Department. Others praised Lutnick as a bold thinker and capable of driving innovation.
The idea of a public debate on X between Lutnick and Bessent, floated by some users, gained traction after Musk signaled his willingness to moderate such an event. Billionaire investor Bill Ackman called the proposal a “good idea.”
Despite the online buzz, Trump transition spokeswoman Karoline Leavitt sought to temper speculation.
“President-elect Trump is making decisions on who will serve in his second administration,” she said in a statement to media outlets. “Those decisions will be announced when they are made.”
Musk’s decision to spotlight the Treasury secretary race to his 200 million-plus followers underscored his growing influence in Trump’s inner circle. While some media outlets have framed his involvement as overreach, citing anonymous sources close to Trump, the president-elect has publicly embraced Musk’s presence.
“He likes this place. I can’t get him out of here!” Trump joked recently about Musk’s frequent visits to Mar-a-Lago.
By Tom Ozimek
