Why Musk is likely the most important business player in U.S. politics right now

Elon Musk has three essential ingredients to unrivaled political power among CEOs: control of a massive social media platform, astonishing personal wealth — and now former President Trump's open and willing ear.

Why it matters: That makes Musk arguably the most important business player in modern American politics. He has the power to sway or repel voters — and stands ready to win or lose big, given his companies' deep ties to government.

Driving the news: Musk and Trump have begun speaking several times a month since privately meeting in March at the home of billionaire investor Nelson Peltz, The Wall Street Journal revealed Wednesday.

The two men reportedly have discussed an advisory role for Musk if Trump wins back the White House in November — potentially giving the Tesla CEO influence over economic and border policies.

Musk, in turn, briefed Trump in March about his plans to invest in a data-driven project devoted to preventing voter fraud, according to the Journal.