According to new data, Tesla's favorability among Democrats has dropped since CEO Elon Musk announced his endorsement of former President Donald Trump.
New data from analytics firm CivicScience shows Tesla ’s favorability among Democrats has dropped to 16% as of July 16, compared to 39% in January. Among Republicans, the data shows favorability decreased to 23% from 36% in the same time period.
Longtime Tesla investor Ross Gerber of investment firm Gerber Kawasaki told Yahoo Finance that he's considering selling his vehicle because Musk's endorsement "doesn’t align with my values." And it’s not just pushback from Democrats that potentially spells trouble ahead for Tesla. Pros tell Yahoo Finance that threats from former President Donald Trump and his running mate, Senator JD Vance, to scrap government subsidies will also be a hit to the EV leader.
Trump, though, didn't sugarcoat his stance during his speech at the Republican National Convention. The former president told the crowd he would "end the electric vehicle mandate on day one — thereby saving the US auto industry from complete obliteration, and saving US customers thousands of dollars per car."
Roughly thirty minutes after the July 13 assassination attempt against Trump at a Pennsylvania rally, Musk announced he was all in on the former president. In a post on X, Musk wrote, “I fully endorse President Trump and hope for his rapid recovery.” After the first presidential debate for this election year, there have been concerns whether President Joe Biden is fit to run for office against former President Donald Trump. Many in the Democratic...Trump campaign releases letter on his injury, treatment after last week's assassination attempt
Elon Musk Democrats Tesla Mark Spiegel
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