Elon Musk and Ben Horowitz Split on Trump
Published On Oct 7, 2024, 8:25 AM
Elon Musk supported Donald Trump at a rally, emphasizing his alignment with the MAGA movement. Meanwhile, venture capitalist Ben Horowitz, previously a Trump supporter, announced his support for Vice President Kamala Harris and plans to donate to her campaign. Horowitz's shift is notable given his earlier endorsement of Trump and criticism of the Biden administration for its tech policies.
Stock Forecasts
TSLA
Negative
Musk's continued support for Trump may indicate stability for Tesla (TSLA) among Trump's base, but it also risks alienating customers and investors who favor Harris. With Horowitz's shift, there could be increased scrutiny on tech sector policies, affecting stocks in that area if Harris wins.
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