How Elon Musk Might Use His Pull With Trump to Help Tesla

Published On Oct 29, 2024, 11:54 AM

The article discusses the political dynamics between former President Donald Trump and Tesla CEO Elon Musk. Although Trump has opposed electric vehicle policies championed by the Biden administration, his potential re-election could nonetheless benefit Musk and Tesla. Trump may ease regulatory scrutiny and maintain subsidies that favor Tesla, despite his rhetoric against electric vehicles. Musk's substantial financial support for Trump's campaign and efforts to mobilize voters could enhance his influence on policies affecting Tesla. Meanwhile, there is a disconnect between Musk's priorities and Trump's stance on electric vehicles, especially in key battleground states like Michigan.

Read full article

Stock Forecasts

TSLAView TSLA chart on TradingView

Positive

Given Trump's potential to maintain supportive policies for Tesla despite rhetoric against electric vehicles, investor sentiment towards Tesla is likely to improve. Tesla, as a key player in the electric vehicle market, may see stock price growth if regulatory pressures ease and subsidies remain intact.

Related News

Musk Repeatedly Raises the Idea That Harris, or He, Could Be Assassinated

Oct 28, 2024, 5:39 PM

The billionaire and his PAC have used foreboding language about the vice president in their support of former President Donald Trump.

TSLA

Tesla short sellers lose more than $4 billion on EV-maker's post-earnings stock rally

Oct 28, 2024, 12:19 PM

Tesla short sellers have lost more than $4 billion following the EV maker’s third quarter earnings last Wednesday, according to data from week.

TSLA

Magnificent 7 shake-up: Why Wall Street is reassessing Tesla's position and looking toward Netflix

Oct 27, 2024, 9:00 AM

Despite a monstrous earnings report, Wall Street is once again reevaluating the stock's inclusion in the Magnificent 7.

NFLX
TSLA