Tesla Faces 'Terrible' Outlook as Favorability Plummets Among Democrats After CEO Elon Musk Endorses Trump

Benzinga
Benzinga
  • 3 months ago
Elon Musk's support for former President Donald Trump has led to a decline in Tesla's favorability among both Democrats and Republicans, according to new data from CivicScience. CivicScience CEO John Dick emphasized that Democrats tend to associate Musk's actions more closely with the Tesla brand than Republicans.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Elon Musk's support for former President Donald Trump has led to a decline in Tesla's
00:07favorability among both Democrats and Republicans, according to new data from Civic Science.
00:12Civic Science CEO John Dick emphasized that Democrats tend to associate Musk's actions
00:16more closely with the Tesla brand than Republicans do.
00:20Tesla short-seller Mark Spiegel warned that a potential boycott from Democrats would be
00:23terrible for the EV maker, and that he can't imagine a single Democrat willing to buy a
00:28Tesla at this point.
00:29Former President Trump pledged to abolish the electric vehicle mandate, potentially
00:33forcing Tesla to increase prices.
00:35For all things money, visit Benzinga.com.

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