Monday, July 22, 2024

Musk's Bromance With Trump Hurting Tesla




Megalomaniac and crashing car / rocket mogul Elon Musk's embrace of the Malignant Loser's election campaign is reportedly costing him the patronage of Democratic buyers. The multi-billionaire man child with a Bond villain persona wants to place his car / truck company at risk with his pledge to give the Malignant Loser $45 million month in campaign contributions (ed. better make sure the check clears). From Quartz

"The electric vehicle maker’s favorability among Democrats has dropped to 16% as of July 16, down 20 percentage points from January, Yahoo Finance reports, citing new data from analytics firm CivicScience. Favorability among Republicans has also dropped, falling 13 percentage points to 23%.

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CivicScience CEO John Dick told Yahoo Finance that the firm’s data has found that 'Democrats, more closely than Republicans, associate Elon Musk and his actions with the brand.'

That might be a problem for Tesla going forward."  (our emphasis)

Yes, it just might be a problem for Tesla to have your owner closely aligned with a fossil fuel promoting, anti-EV crusader, threatening to abolish tax credits for EVs and more. Although he thinks it will hurt foreign EV makers more, he's letting his megalomania interfere with his judgment. And he just got a $56 billion pay day from his gullible shareholders. Hopefully a Harris Administration will be brought to heel.

(photo: "Hey, I've got mine, now you get yours." Reuters)

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