Tesla (TSLA) CEO Elon Musk has voiced his support for former President Donald Trump who, on the campaign trail, has made comments about rolling back tax credit incentives and policies for electric vehicles, a core point of Tesla's business.

New York Times Opinion Columnist and Nobel Laureate Paul Krugman joins Wealth! to give insight into Musk's leadership of Tesla and how his views impact the company and the world.

"He's confirmed all the worst expectations. I mean, he's he's well along that sort of conveyor belt from conservatism... to full on QAnon type conspiracy theorist. So it's an amazing thing to watch someone who could afford to finance a personal intelligence operation comparable to that of a medium-sized country, instead buy into random bots, tweeting conspiracy theories on on on his site."

When talking about Musk's support for Trump ahead of the 2024 election, Krugman identifies the mindset of tech billionaires to be "a very peculiar set of politics."

"They [billionaires] aren't all that rational in their political beliefs. Remember, a lot of people to some extent, Musk included, went gaga over RFK Jr., who is clearly a crank.... I think this really is about Musk's personal hang-ups. A Trump administration would be really bad for Tesla's core business."

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This post was written by Nicholas Jacobino