Elon Musk’s Endorsement Of Trump Could Be A Grave Mistake For Tesla

During Tesla’s earnings call this week, after the top electric vehicle maker posted disappointing results with worse-than-expected revenue from its car business, analysts and retail investors did not CEO Elon Musk the most obvious question: Why did you announce your vocal support for Donald Trump for president, when that could politicize Tesla’s brand for its mostly Democratic buyers?

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[jimgeorgas]

Sell your Tesla stock before it’s too late😅

[wa]

Elon Musk will go down in history with the likes of Howard Hughes and John Welch Jr.; smart guys who went completely nuts. So despised that they are intentionally forgotten like dirt swept under a rug.

[Homeschoolsw]

Every smart company is apolitical. There's no need to pick sides. Make money.

[kingsleycasper]

I’ve been so surprised to see his race baiting on Twitter. I’ve never taken him to be a racist but it seems like that’s what he’s all about now

[JS-zqgp]

Absolute Power Corrupts. EM not doing what is best for anyone except EM. not taking delivery

[Curious-hlbu]

What of Netflix CEO's endorsement of Kamala?

[oscarvm]

Wrong move from Musk, that's my opinion, only time will tell

[petuniaromania]

Naw, it'll be just fine. Elon has the right, just like anyone else, to support the candidate of his choice. You'll find that he'll continue to gain new investors in his brilliant projects.

[recoveredconservative]

He's made enough anti-semitic remarks to condemn Tesla--no worries on what he does with Don the Con.

[yvanpajevic]

And yet somehow, someway the Model Y is still the best selling car in the

[lkxhrjq]

Looks like Musk needs to get out of EV's and start making Dino Juice guzzlers. What more could he do wrong.

[posthocprior]

Could Musk be sued for violating his fiduciary responsibilities to Tesla? I assume that this depends upon defining causation between his far-right political opinions and Tesla’s drop in revenue. If, however, it can be, could a legal argument be made that Musk is purposely trying to harm Tesla?

[MadHamster]

Yup, California is down on everything 😂

[andrejnadrah]

Forbs is The Oracle and they know, Tesla is doomed. Poor Musk. GM and Ford will rise from this as phoenix with UAW.

[erikandele]

Made me look else where for my new EV.

[JimRoss-tmno]

Elon can’t undo backing a total a bad looser your stock will be worthless harder they fall

[Billybobcan]

For some people what they care most about is not money, but rather a pursuit of idea.

[beefjerky]

Does he make his money from developing stuff, or from reinvesting free handouts from government?

[wt]

Yeah!! I want to see a massive price drop.
I want my 25, 000 dollar Model X plaid 😅😊

[taurusvip]

I hope that climate change deniers do not buy Tesla car as well 😂 So much alternative out there. I.e. Tesla is doomed from the left to right wings 🪽