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WKN: 851270 / ISIN: US4138751056

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04.11.2024 15:19:54

Elon Musk's Big Gamble: Will Tesla Stock Plunge if Kamala Harris Wins the Election?

At least in terms of dollars, there may be nobody with more on the line in the upcoming election than Tesla (NASDAQ: TSLA) CEO Elon Musk.Out of any well-known business leader, Musk has been the most visible advocate for former president Donald Trump, even appearing at his rallies, including Trump's "closing argument" rally last Sunday at New York City's Madison Square Garden.It's a bit ironic that Musk has chosen to align with Trump, as the former president has regularly derided electric vehicles and renewable energy, but Musk seems to prioritize the GOP's promise to cut regulations and believes Trump is more aligned with his views on other issues like "free speech." Musk was also reportedly stung by President Joe Biden's not inviting him to participate in a panel discussion on EVs near the start of Biden's administration. He has since drifted away from Democrats and toward Republicans.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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