Elon Musk On Ukraine's Counteroffensive Against Russian Defenses: 'So Much Death For So Little'
Portfolio Pulse from Adam Eckert
Tesla CEO Elon Musk has expressed his discontent over Ukraine's counteroffensive against Russian-held territories. Musk has previously spoken out on the Russia-Ukraine war, suggesting a redo of elections of annexed regions and that Crimea remain formally a part of Russia. Musk's comments have been met with backlash, including from Ukrainian Diplomat Andrii Melnyk. Musk's Starlink service was estimated to have gained around 150,000 users in Ukraine roughly two months after the Tesla CEO supplied the nation with its high-speed connectivity.
September 18, 2023 | 10:11 pm
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NEUTRAL IMPACT
Elon Musk's comments on the Ukraine-Russia conflict and the backlash received could potentially impact Tesla's reputation. However, the increase in Starlink users in Ukraine could boost Tesla's revenues.
Elon Musk's comments on the Ukraine-Russia conflict have been controversial and received backlash, which could potentially harm Tesla's reputation. However, the increase in Starlink users in Ukraine, due to Tesla providing high-speed connectivity, could potentially boost the company's revenues. The net impact on Tesla's stock price is uncertain in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75