Tesla investors have a lot of questions for Musk about his political activism for Trump
Publishing timestamp: 2024-10-23 19:29:18
Summary
Investors are concerned about Elon Musk's political activism and its impact on Tesla's shareholder value. Musk has been campaigning for Trump and his actions have raised questions about potential harm to sales and growth. Analysts suggest that Musk's political commentary may have reduced Tesla's deliveries. Brand consultancy Interbrand found that Tesla's brand value declined this year, possibly due to market confusion about the company's changing focus. Musk's political engagement could be a major distraction from Tesla's core business. Tesla shares are down 14% for the year.
Sentiment: MIXED
Tickers: GOOGL, SMSD-GB, MSFT, AMZN, TSLA, AAPL,
Keywords: microsoft corp, technology, apple inc, amazon.com inc, breaking news: politics, electric vehicles, breaking news: technology, business news, donald trump, alphabet inc, politics, elon musk, autos, earnings, tesla inc, samsung electronics co ltd,
Source: https://www.cnbc.com/2024/10/23/tesla-investors-have-a-lot-of-questions-for-musk-about-trump.html