Are two of the Internet’s most maligned men, former President Donald Trump and industrial powerhouse Elon Musk, joining forces? It seems that way, which creates a unique opportunity for those looking for stocks to buy ahead of the election.
The two had breakfast in March in Florida to discuss plans to forecast, identify and mitigate potential voter fraud in the upcoming election. Musk’s X platform is a prime source of potential misinformation and election-influencing content, so the collaboration is only natural. Better yet, Musk plans to platform a Trump town hall on X in the coming weeks, saying simply, “This will be interesting,” while X CEO Linda Yaccarino dubbed it “The People’s Town Hall.”
Beyond the known facts, sources close to Donald Trump claim he may leverage Musk’s unique insight and seemingly boundless energy in a White House role as policy advisor if he wins the vote in November. Some call Musk the “most important business player in U.S. politics,” which, while somewhat hyperbolic, still rings true as Musk becomes increasingly forthright with his political opinions on X.
Perhaps more impactful to the big picture, Musk serving in an advisory capacity could help Trump better understand public sentiment and how to best position himself moving forward, considering the depths of data X can aggregate. Likewise, this could help better position Donald Trump ahead of the election, as some see his current policy emphases as far more lukewarm and tepid than those that propelled him to power initially.
No matter what, with lines of communication between Donald Trump and Elon Musk clearly wide open, these stocks to buy may stand to gain from their current — and potential future — relationship.
Tesla (TSLA)
Tesla (NASDAQ:TSLA) is the clear winner among stocks to buy amid Donald Trump and Elon Musk’s growing relationship. While not explicitly implying any unfair advantage to the automaker, Trump’s past disdain for the electric vehicle industry could soften if Musk can effectively pitch an “America first” EV perspective. A policy pivot of this type is particularly relevant considering the current push from Chinese EV manufacturers to expand their footprint in Mexico, which creates an easy inroad for sales and market penetration farther north.
Their relationship already seems to be bearing fruit, as Trump recently said at a rally that he’s “a big fan of electric cars [and] a fan of Elon” and that Musk “does an incredible job with Tesla.” The June 6th remarks didn’t help Tesla stock much, as per-share pricing fell by about 2% since then. Still, the current share pricing concerns largely center around Musk’s pay package deliberations. If the shareholder vote shakes out in his favor, Tesla could be among the top stocks to buy if you want to capture Musk and Trump’s emerging political alliance.
Lithium Americas (LAAC)
Lithium Americas (NYSE:LAAC) is one stock that captures three of the most polarizing figures in global politics today: Elon Musk, Donald Trump and Argentina’s president Javier Milei. Milei and Musk met previously, and each touted Argentina’s lithium-rich resources, with Milei affirming a plan to ease operational barriers to lithium mining both before and after his Musk meeting. Likewise, Milei and Trump already have an existing relationship, with Milei modeling his Argentinian campaign after Trump’s (including “Make Argentina Great Again” hats).
The wider lithium market, and Lithium Americas stock in particular, suffered in recent months as global oversupply and reduced demand crushed the metal’s spot pricing. Still, analysts expect the supply/demand misalignment will soon reverse and project a 30% annual demand increase through 2030. That places Lithium Americas at a unique intersection among stocks to buy: cheap today with emerging tailwinds and bolstered by Elon Musk and Donald Trump’s focus on rightsizing American manufacturing and South American political relations.
Palantir Technologies (PLTR)
While perhaps a more peripheral stock to buy in light of Donald Trump and Elon Musk’s meeting series, Palantir Technologies (NYSE:PLTR) nevertheless captures multiple market segments exhibiting bullish tendencies. Palantir, of course, is a key player in ongoing Middle Eastern conflicts and is firmly entrenched in multiple allied and partner nation defense industries — creating a reliable series of revenue streams as they further embed themselves in national security infrastructure.
Palantir leveraged SpaceX’s Starlink platform in the past and may still use the service today to support global security support operations. Likewise, Musk and Palantir CEO Alex Karp are both at the fore of emerging regulatory and safety focus on artificial alignment, with Palantir being one of the top (overlooked) artificial intelligence stocks in today’s market and Musk increasingly vocal regarding perceived dangers surrounding current commercial leader OpenAI.
Likewise, though Trump hasn’t before (to my knowledge) spoken openly about Palantir or its leadership, founder Peter Thiel helped fund his past presidential bids (though he says he doesn’t plan to do so moving forward). Still, Palantir is a strong play in today’s market capturing ongoing geopolitical action alongside continued emphasis on commercial and government artificial intelligence integrations.
On the date of publication, Jeremy Flint held no positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.