Reports about Chinese officials eyeing Musk as the buyer of TikTok’s U.S. operations are “not a total shock” given Musk’s relationship with Trump, says Wedbush analyst Dan Ives.

In other news, the future of TikTok in America is in doubt and now Elon Musk’s name has been thrown into the mix. Watch ICYMI This Week: The Chinese government is mulling an idea that would sell TikTok’s U.

China-owned ByteDance, TikTok's parent company, would prefer to keep ownership of the platform but is reportedly open to Musk acquiring it and integrating it with X, formerly known as Twitter, as part of a contingency plan, according to the Bloomberg report, which cites unnamed people familiar with the matter.