According to Peltz, he hosted both figures for breakfast at his residence in late spring, months before Musk publicly supported Trump’s campaign. Speaking at CNBC's Delivering Alpha Conference in Manhattan, Peltz shared that he and his son Diesel, a tech entrepreneur, played matchmakers for Musk and Trump.

Peltz elaborated on the encounter during his conversation with CNBC's Sara Eisen. "Elon was at the house for a weekend, and we had a breakfast and invited Donald for breakfast, and they sort of reunited again," Peltz recalled. He speculated that this connection might have been pivotal for Trump's sweeping victory, especially highlighting Musk's active presence in Pennsylvania. "Elon was in Pennsylvania, I thought he was going to be Amish, he was there full time," he added humorously.

Musk's involvement in Trump’s administration appears set to continue, with plans for him to co-head the "Department of Government Efficiency." Peltz expressed confidence that Musk would leverage his cost-cutting acumen to benefit the government. "If Donald gives him the opportunity he will cut costs. And that's what we need to do," Peltz emphasized.

The conversation also touched upon Peltz’s recent proxy battle with The Walt Disney Co., which he ultimately lost. He hinted at potentially reviving his efforts if Disney’s stock price falls sufficiently. During the session, Peltz noted that he acquired Disney stock when it was priced in the 80s and sold it at $119, but the stock's fluctuating value left little room for celebration. "If the stock goes back to the 80s, I'll be back. You can count on me," he remarked with a laugh.

Furthermore, Peltz predicted that Disney would appoint a successor to current CEO Bob Iger by the end of next year, earlier than the previously indicated year of 2026. He voiced his confidence in Chairman James Gorman’s ability to select a capable leader. "I know Gorman. He's a good man, he is going to do a great job. And he will get a respectable CEO," Peltz concluded. Reflecting on the leadership at Disney, he quipped, "The last two CEOs, Iger and Michael Eisner, I don't know what happens in that office at Disney, if you're there for a couple of years, you think your name is Walt Disney."