Elon Musk Says 'Good' That Biden Administration Declared Nicolás Maduro Rival As Venezuela Election Winner
Portfolio Pulse from Benzinga Neuro
Elon Musk responded positively to the U.S. Department of State's assessment of the Venezuelan presidential election, which criticized the election process and declared Edmundo González Urrutia as the rightful winner over Nicolás Maduro. Musk has previously been vocal about his disapproval of Maduro's election practices.
August 02, 2024 | 1:21 am
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NEUTRAL IMPACT
Elon Musk's public stance on the Venezuelan election may impact Tesla's stock as it reflects his active engagement in political matters, which could influence investor sentiment.
Musk's political statements can affect Tesla's stock due to his high-profile status. However, the direct impact on Tesla's business operations is minimal, leading to a neutral short-term price direction.
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