Are Elon Musk and Vladimir Putin Talking?

Published On Oct 25, 2024, 8:49 AM

Elon Musk has been actively supporting Donald Trump's presidential campaign while maintaining ongoing communications with Russian President Vladimir Putin. Reports suggest that Musk has been in regular contact with Putin since late 2022, discussing various topics including business and geopolitics. This relationship has raised eyebrows, especially given Musk's extensive contracts with the U.S. government through his companies, such as SpaceX and Starlink, which are integral to defense and communication operations. Musk has also floated the idea of changing regulations related to autonomous vehicles if he is placed in a governmental role, which aligns with Tesla’s interests.

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Stock Forecasts

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Negative

Elon Musk's close relationships with politically controversial figures like Putin, combined with his support for Trump, could impact public sentiment toward Tesla and SpaceX. Increased scrutiny and potential backlash against Musk could negatively affect Tesla's stock price, especially if these ties provoke political controversies or regulatory hurdles. However, if Musk's political maneuverings result in favorable regulations for Tesla, there could be a positive outcome as well.

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