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The Margin

Elon Musk throws his ‘full support’ behind Kanye West for president

Mark Cuban also offered his support, to a degree

Musk says Kanye West has his ‘full support.’

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Rapper icon Kanye West, as he has teased several times before, said in a tweet on Saturday night that he’s “running for president” in the 2020 election.

As absurd as that may sound, Tesla’s TSLA, +1.91% Elon Musk seems to be on board:

The “announcement” follows closely on the heels of another, perhaps more realistic, announcement: West teased a short excerpt from a new song, “Wash Us in the Blood,” on Monday and also said he plans to release a new album titled “God’s Country.”

Days after that, he apparently spent some time with his presidential backer:

Then there’s billionaire Mark Cuban. He stopped short of offering his “full support” but did acknowledge that West wouldn’t be the worst option:

Cuban went on to address those doubting his sincerity.

“If you think Biden is a joke compared to Trump you aren’t paying attention. It’s time to step away from all the memes and look at reality,” he said. “The Pandemic Response could not be botched any worse and he refuses to take any responsibility or try to improve it. That’s disqualifying.”

Aside from the two billionaires, the rest of Twitter was more like this:

But really, how crazy is the idea? Well, the odds of West becoming president moved from 500-to-1 to 50-to-1 after his tweet. Here’s how the whole field looks, according to OddsChecker.com:

“It’s not just the bookmakers who think Kanye West has a slight chance of pulling off an upset, the betting public has been quick to support the music mogul,” OddsChecker.com’s Sam Eaton said. “Since his tweet, Kanye West has accounted for a massive 61% of all bets in the market.”