I fear this is exactly what is going on. The likes of Elon and other tech billionaire Trump supporters stand to lose a significant of money and stocks in the markets, but why would they actively partake in this? A tighter grip on power and a promise of a slice of it, it would seem. It's what they really crave, they hate democracy, thats how the likes of minimum wage, employee rights and health and safety comes about. Elon's already a foot in the door in that aspect, anyway...
If they can eliminate pointless regulations that prevent businesses running efficiently then they will make millions over the next few years
by "pointless regulations" I mean things like not being able to fire staff for no reason - regulations about safety and pollution
things that allow people to sue companies just because they got crippled due to a lack of safety equipment at work
regulation limiting the amount of time you can demand someone works
all that sort of stuff that woke lefty Europeans have and cripple their businesses
and remember - these millionaires (and above) know when things like tariffs will be imposed so they can time buying and selling shares to make a maximum profit
in lefty woke countries this is called "insider trading" when really it is just wise use of information and sensible investment strategy