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Elon Musk's Gold Card Visa Faces Criticism in Trials

5/12/2025

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Summary

Story summary

Elon Musk has revealed that the $5 million Gold Card visa program, initiated by President Trump, is currently in a "quiet trial" phase to test its effectiveness before launching publicly. Designed to replace the EB-5 visa, this initiative promises swift U.S. residency for affluent investors, sparking criticism over potential favoritism and lack of transparency.

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Story summary

Elon Musk has revealed that the $5 million Gold Card visa program, initiated by President Trump, is currently in a "quiet trial" phase to test its effectiveness before launching publicly. Designed to replace the EB-5 visa, this initiative promises swift U.S. residency for affluent investors, sparking criticism over potential favoritism and lack of transparency.