this post was submitted on 22 Jul 2024
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'Problem for Tesla': Dems flee automaker over Musk’s Trump endorsement (www.rawstory.com)
submitted 4 months ago by dragontamer to c/realtesla
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But Musk later changed his mind, reportedly donating $45 million a month of his money to the pro-Trump political action committee American PAC.

`Nuff said. CEOs are often Republican, but to be this outspokenly political is normally a bad thing for CEOs like Musk. Media company heads (and Twitter/X is a media company) are supposed to at least pretend to be neutral.

And catering to the far-right seems like a bad idea if your company makes EVs. But what do I know?

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[–] UnderpantsWeevil 1 points 4 months ago* (last edited 4 months ago)

Tesla's down overall for the year. I agree its still comically overvalued. But big investment firms and hedge funds are still more than willing to prop it up, seemingly indefinitely. This isn't liberal democrats fleeing the brand, because liberal democrats aren't the ones doing all the HFT.