President Biden Loves His 1967 Corvette, Once Hit 132 Miles Per Hour — Here's Why He'll Never Sell The Nostalgic Automobile
Portfolio Pulse from Chris Katje
President Joe Biden, an automobile enthusiast, expressed his fondness for his 1967 Corvette Stingray, a family heirloom and a gift from his father. In an interview with Conan O'Brien, Biden reminisced about the car's sentimental value and his love for driving, despite not knowing much about engines. He also discussed the potential of electric vehicles (EVs), praising the electric Corvette's acceleration and the electric Ford Bronco. Biden's support for the transition to EVs aligns with his administration's goals for federal employees to adopt or support electric vehicles.
December 23, 2023 | 6:57 pm
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NEUTRAL IMPACT
Sirius XM Holdings Inc gains visibility as the platform for Biden's interview with Conan O'Brien, where he discussed his Corvette and electric vehicles.
While the interview on Sirius XM's podcast provides some exposure, it is unlikely to have a significant short-term impact on the company's stock price.
CONFIDENCE 70
IMPORTANCE 20
RELEVANCE 30
POSITIVE IMPACT
Biden praised the electric Ford Bronco's performance, which could reflect positively on Ford Motor Company as it competes in the EV market.
The President's endorsement of the electric Ford Bronco may enhance Ford's reputation in the EV space, potentially attracting investor interest in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
President Biden's affection for his 1967 Corvette, made by General Motors, highlights the company's automotive legacy and potential role in the EV transition.
Biden's positive remarks about his Corvette and the transition to electric vehicles could bolster GM's image as it moves towards an electric future, potentially influencing investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70