Trump Says Electric Cars Are 'Fantastic' After Tesla CEO Elon Musk's Endorsement: 'I Have To Be, You Know… I Have No Choice' (Corrected)
Portfolio Pulse from Anan Ashraf
Donald Trump, now endorsed by Tesla CEO Elon Musk, has expressed support for electric vehicles (EVs) despite previous criticisms. Trump highlighted the high costs and reliance on China for EV manufacturing but acknowledged their potential. Musk's endorsement and comments on EV subsidies suggest a nuanced impact on Tesla and its competitors.
August 05, 2024 | 8:27 am
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Tesla CEO Elon Musk's endorsement of Donald Trump and comments on EV subsidies suggest a nuanced impact on Tesla. While Trump supports EVs, he seeks to eliminate subsidies, which Musk believes would slightly impact Tesla but devastate competitors.
Musk's endorsement of Trump and his comments on the potential elimination of EV subsidies indicate a complex scenario. While the removal of subsidies might slightly impact Tesla, it could be devastating for competitors, potentially benefiting Tesla in the long term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100