Elon Musk is the biggest loser. He made grave errors backing Donald Trump and Tesla will pay the price of it.
Firstly, his bumped up for backing Trump only lasted a month or so after the election was confirmed. Then his association with Doge acclerated the fall in sales of Tesla cars down. Global boycott is giving markets shares to competitors who were waiting for this.
Now he has added to his list haters the pro-Trulp Republicans. I cannot remember a time when someone is as universally hated by both the left and the right.
I think Tesla share price is going down back to below November 2024. Probably even lower as besides politics, fundamentals are going to be noted.
What has changed since then on the fundamentals? Sales of Tesla cars have plummeted where sales of it's competitors are going higher.
And as for Robotics, what does his head of Robotics leaving say about that?
Trump Says Musk Relationship over, Warns of "Serious Consequences" If He Funds Democrats
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
