Elon Musk Intensifies Battle With Disney: 'I Think Walt Disney's Turning In His Grave Faster Than A Drill Bit'
Portfolio Pulse from Chris Katje
Elon Musk, CEO of Tesla Inc, has intensified his conflict with Walt Disney Co by criticizing the company's decision to suspend advertisements on his social media platform, X. During an interview with Sandy Munro, Musk expressed his disdain for political correctness and predicted internal challenges for civilizations, hinting at the 2024 election. Disney's ad suspension followed Musk's interaction with an antisemitic post, for which he later apologized. Musk's comments have led to social media trends calling for the cancellation of Disney Plus and Hulu subscriptions, and he foresees a 'meaningful decline' in Disney's future.
December 06, 2023 | 12:14 am
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NEGATIVE IMPACT
Disney's suspension of ads on Musk's platform and the subsequent social media backlash, including calls to cancel Disney Plus and Hulu, could negatively impact DIS's stock price in the short term.
The public dispute with Musk and the trending calls to cancel subscriptions could lead to a decrease in Disney's streaming service users, which is a significant revenue stream for the company.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Elon Musk's public feud with Disney and controversial statements may affect Tesla's brand image and investor sentiment, potentially impacting TSLA's stock price in the short term.
While the feud is more personal and related to Musk's social media platform, it could spill over to Tesla's public perception. However, Tesla's stock is often resilient to Musk's media controversies.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 60