Elon Muskrichest person in the world, started a wide-ranging effort to help former President Donald Trump get elected.

Musk, the owner of X, frequently shares messages supporting Trump on the social media platform where he has more than 202 million followers. At Trump rallies, Musk would occasionally take to the stage to make an impassioned plea for votes. He also donated nearly $75 million to Trump in the three months ending in September, according to government filings.

Moreover, Musk has recently to start $1 million daily giveaway to registered voters in battleground states. Philadelphia District Attorney Larry Krasner later lawsuit filed It is claimed that Musk organized an illegal lottery.

To enter the giveaway, individuals must sign a petition distributed by Musk’s America PAC pledging support for the First and Second Amendment. The America PAC website says the only people eligible to sign are registered voters in seven key states.

Musk’s lawyers rejected the prosecutor’s illegal claims and filed documents Wednesday to move the case to federal court. Daily draws continue.

Musk, who leads Tesla and SpaceX, appears to be aligned with Trump on many issues, including mass deportation and deregulation. But the election also has major ramifications for Musk’s companies, many of which do business with the U.S. government and face disputes with federal agencies.

“Elon Musk’s relationship with the federal government is unprecedented,” Stephen Diamond, a professor at Santa Clara University School of Law who specializes in corporate governance and securities law, told ABC News.

ABC News contacted Musk-owned companies Tesla and Space X to reach Musk for comment. He did not answer immediately. Musk’s America PAC also did not respond to a request for comment.

Here’s what concerns Musk in the 2024 elections:

Billion-dollar government contracts

A number of companies run by Musk do business with the US government or receive federal support.

“You’re talking billions of dollars a year,” Richard Pierce, a law professor at George Washington University who focuses on government regulation, told ABC News about Musk’s business dealings. “The president has tremendous discretion over government contracts.”

SpaceX, an aerospace company, sees the United States as an important customer. In June, NASA awarded SpaceX $843 million to build a vehicle to help lift the International Space Station from orbit. As recently as last week, the U.S. Space Force awarded SpaceX more than $700 million to assist with a series of launches in the coming years.

Tesla also received contracts from the Department of Defense and the Department of Transportation, among other agencies.

SpaceX and Tesla have received government contracts totaling at least $15.4 billion over the past decade. New York Times analysis found.

Tesla also benefited from billions of dollars in federal subsidies. According to one report, Tesla has received $9 billion in such government support since 2018. Reuters Analysis of securities filings. The funds came primarily from a program that rewards producers for exceeding carbon emissions limits.

“Musk is financially intertwined with the federal government,” Diamond said.

Friendlier regulators needed

Musk-led companies are currently embroiled in a series of disputes with federal agencies and regulators.

The National Highway Traffic Safety Administration has launched several investigations into Tesla due to alleged dangers associated with Tesla’s self-driving capability. NHTSA earlier this month announced New research on the system’s ability to navigate in “reduced roadway visibility” conditions.

According to Tesla’s statement website“Currently active Autopilot and Full Self-Driving (Supervised) features require active driver control and do not make the vehicle autonomous.”

Meanwhile, the National Labor Relations Board has filed multiple complaints against SpaceX over the terms of the severance agreement and allegations of illegal firing of employees who wrote a letter to management criticizing Musk.

SpaceX filed a lawsuit with the NLRB in January, claiming administrative hearings violate the U.S. Constitution. In the lawsuit, SpaceX’s lawyers claimed they were “disenfranchised” by proceedings involving in-house judges at the NLRB. (SpaceX) “It is the constitutional right to a trial by jury.”

The lawsuit stated that the letter criticizing Musk “caused the distraction of SpaceX employees across the country.” The lawsuit also stated that some employees included in the letter were terminated “for violating numerous company policies.”

In July, a federal judge in Texas temporarily blocked the NLRB’s complaints, and the company’s constitutional challenge worked its way through the courts. The judge did not give a reason for his decision, but such an order requires a finding that the plaintiff is likely to prevail in his case. Reuters reported.

Pierce said federal agencies enforce laws passed by Congress, but enforcement decisions largely depend on directives and personnel decisions from the sitting president. In turn, he added that the election has significant implications for Musk in this area.

“Agencies are controlled by the president, and so the president can tell the heads of the agencies to ‘do this or do that,'” Pierce added. “Of course they have legal limits, but they are doing what the president tells them to do.”

In August, Trump praised Musk for his willingness to fire striking workers. “You’re the best cutter,” Trump told Musk during an interview on X. “I look at what he’s doing. He walks in and says, ‘Do you want to quit?’ “I won’t name the company, but they go on strike and you say, ‘You all left.'”

The Trump campaign said the support from Musk and other entrepreneurs underscores the strength of the candidate’s economic plans.

“President Trump’s agenda includes economic, energy and regulatory policies that will allow the United States to regain global dominance in innovation and technology. It is a credit that his long list of supporters includes dozens of industry leaders such as Elon Musk and David Sacks. He is a veteran of the Trump campaign “I think President Trump is the clear choice,” Brian Hughes, one of his advisers, told ABC News.

A potentially huge tax cut

If Trump wins the election, Musk could benefit from a big tax break.

The tax savings could result from a proposed plan by Trump that would see Musk take on a role as head of a new “government efficiency commission” in the Trump administration. Because Musk’s companies do important business with the federal government, Musk may need to sell the shares he owns in various companies.

Under these circumstances, Musk would likely benefit from Section 1043 of the federal tax code, which allows an individual to defer any capital gains taxes arising from the sale of such assets.

This tax law, enacted in 1992, was intended to reduce the potential costs wealthy people face when deciding to join the federal government, Edward McCaffery, a law professor who focuses on tax policy at the University of Southern California, told ABC News.

If he joins the Trump administration, Musk will be the richest person to benefit from this provision. Tax cut could save Musk tens of billions of dollars, according to ArmFirst to report potential benefit.

Despite the huge potential tax savings, Musk could try to bypass that requirement or give up a key role in the administration, McCaffrey said. Musk may not want to give up his stakes in companies over which he has tight control, or he may not be tempted to trade high-growth stocks for less attractive investments permitted by law.

“There are reasons to be skeptical,” McCaffrey said. “I don’t see any indication that Musk wants to give up control of Tesla or SpaceX.”

ABC News’ Ayesha Ali contributed to this report.