Donald Trump and Elon Musk loom large over this year's World Economic Forum in Davos.

Musk, the world's richest man and a close ally to Trump, was accused by many of twice making a Nazi gesture while speaking briefly to a crowd of Trump supporters gathered for an indoor "Presidential Parade" at Washington's Capital One Arena shortly after Trump was sworn in for his second term on Monday.

During the World Economic Forum in Davos, Switzerland, the AI developer’s finance chief talked in detail about the company’s restructuring, Elon Musk’s legal actions and IPO best practices.

“It seems that Elon Musk made an awkward gesture in a moment of enthusiasm, not a Nazi salute,” the Anti-Defamation League wrote Monday in a statement on Musk’s own social media platform X, referring to Musk’s outstretched-arm movement that came as he was thanking his supporters.

Billionaire's wealth has grown faster last year, and now the world can expect at least 5 trillionaires within a decade, even as the number of people in poverty has barely budged since 1990.

Elon Musk’s controversial gesture, which some interpreted as a Nazi-style salute, drew criticism from Trump’s political opponents and energized fans on the far right.

It’s the latest clash in a feud between the two tech billionaires that started on OpenAI’s board and is now testing Musk’s influence with the new president.

Elon Musk responds to the criticism over his one-armed gesture during Trump's inauguration which sparked controversy.

Publicly Elon Musk couldn’t care less about attending the World Economic Forum in Davos, Switzerland, but privately he has a history of being the ultimate pick-me guy, according to the WEF’s former head of communications.

Follow The Hindu’s updates of Day 2 of the World Economic Forum 2025, in Davos, Switzerland, on January 21, 2025

The debate over Musk’s latest move has added fuel to other ongoing feuds, too.