Musk Thanks Right-Wing German Paper's Editor For Lauding Tesla CEO's 'F**k You' To Advertisers As Triumph Against Woke Culture
Portfolio Pulse from Rounak Jain
Elon Musk, CEO of Tesla Inc., received support from Welt's editor-in-chief Ulf Poschardt, who praised Musk's 'Go f**k yourself' response to advertisers boycotting his social network X. Poschardt views Musk's stance as a triumph against 'woke' culture. Musk has been criticized for his comments and for endorsing a debunked anti-Semitic conspiracy theory, leading to major advertisers like Apple, Disney, Warner Bros. Discovery, and others halting their ads on X. Despite the controversy, Musk found support from hedge manager Bill Ackman, who remains invested in X.
December 01, 2023 | 10:53 am
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NEUTRAL IMPACT
Musk previously blamed Netflix's stock price fall on 'woke mind virus', which could impact investor perception of Netflix's content strategy.
Musk's past comments on Netflix may influence investor perception but are unlikely to have a direct impact on the stock price in the short term.
CONFIDENCE 50
IMPORTANCE 30
RELEVANCE 40
NEUTRAL IMPACT
Elon Musk's controversial statements and the support from Welt's editor may polarize investors but show resilience against cultural pressures, potentially affecting Tesla's stock.
While Musk's actions may affect Tesla's public perception, the direct impact on the stock is uncertain. The support from Welt's editor is unlikely to significantly sway investor decisions.
CONFIDENCE 60
IMPORTANCE 50
RELEVANCE 70
NEGATIVE IMPACT
Apple Inc. has stopped advertising on Musk's social network X following his controversial comments, which could impact the company's marketing strategy.
Apple's decision to stop advertising on X could be a strategic move to distance itself from controversy, which may have a minor negative impact on the stock in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 60
NEGATIVE IMPACT
Disney has joined other major advertisers in halting ads on X due to Musk's controversial remarks, which could reflect on the company's stance on social issues.
Disney's withdrawal from advertising on X may be seen as aligning with its corporate values, potentially having a slight negative impact on the stock in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 60
NEGATIVE IMPACT
Musk criticized advertisers for not boycotting Meta Platforms' Instagram over alleged issues, which could bring negative attention to Meta.
Musk's criticism of Meta Platforms could draw negative attention to the company, potentially affecting its stock price in the short term.
CONFIDENCE 60
IMPORTANCE 40
RELEVANCE 50
NEGATIVE IMPACT
Warner Bros. Discovery has ceased advertising on X in response to Musk's comments, which could influence the company's public relations and stock.
Warner Bros. Discovery's decision to stop advertising on X may be part of its reputation management, which could have a minor negative impact on the stock in the short term.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 60