Former Tesla Exec Says Harris, Not Trump, Will Be 'Far Better' For EV Giant's Long-Term Success: '…Still Trust Kamala More Even On The Issues Where I'd Generally Prefer A Republican'
Portfolio Pulse from Anan Ashraf
Former Tesla executive Rohan Patel believes Kamala Harris would be better for Tesla's long-term success than Donald Trump, despite Elon Musk's support for Trump. Patel argues that Harris's policies favor sustainable energy and EVs, while Trump's actions suggest a deceleration of these initiatives. Patel also highlights the benefits Tesla has received from the Democratic Party's Inflation Reduction Act.
August 21, 2024 | 12:02 pm
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Rohan Patel, former Tesla executive, supports Kamala Harris over Donald Trump for Tesla's long-term success, citing her favorable stance on sustainable energy and EVs. This contrasts with Elon Musk's endorsement of Trump, who aims to cut EV subsidies.
Patel's endorsement of Harris suggests a political environment more favorable to Tesla's core business of EVs and storage, potentially boosting investor confidence. Despite Musk's support for Trump, Patel's insights highlight the benefits Tesla has received from Democratic policies, such as the Inflation Reduction Act, which could positively impact Tesla's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90