Elon Musk supports Nelson Peltz's bid for a Disney board seat, pledging to buy shares if Peltz wins.

Elon Musk has expressed support for activist investor Nelson Peltz's attempt to secure a seat on the Walt Disney Company's board, stating he would buy Disney shares if Peltz wins. This endorsement follows Musk's previous criticism of Disney CEO Bob Iger for halting advertising on Musk's platform, X. Disney is expected to stave off a challenge from Peltz's Trian Fund Management over leadership and strategy.