"Few Democrats Willing to Buy a Tesla" After Elon Musk Backs Trump, Investor Warns

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"Few Democrats Willing to Buy a Tesla" After Elon Musk Backs Trump, Investor Warns

Yahoo Finance07-22

Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.New data from analytics firm CivicScience shows Tesla’s favorability among Democrats ...

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壮志高飞
·07-22
Remember DemonCraps are the one pushing hard green energy zero emissions agenda in their state. Also like it or not, Tesla is still the best pure EV among US made. Are they gonna be seen driving gas car or inferior EV? So, suck it up. 😂
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Globalrisk.fund
·07-22
Alienating yourself to the people that buys your cars is not a very good idea. He is losing a big part of his customer base from his political actions. This could be a good time to go short if you are willing to take some risks for big rewards. But never under estimate what Elon Musk can do either. Just like Trump he can succeed against all odds..... Maybe time to buy an Corvette instead....
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- Globalrisk.fund:
  Musk is not against his own customers as such. He wants people to buy his cars. He makes good cars. But you might find that segments of the buyers don't like his political strong views , and choose to take business somewhere else.
  
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  07-22
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- LeonTse:
  Siding with trump is not against Tesla customers, FYI
  07-22
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Dr Rck
·07-22
Nah I think it is negligible for TSLA, those who care for Democrats or part of them are already not keen on TSLA or can't afford anyway! They are opened to almost everything as usual.
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Among Republicans, the data shows favorability decreased to 23% from 36% in the same time period.CivicScience CEO John Dick tells Yahoo Finance its “data has shown consistently that Democrats, more closely than Republicans, associate Elon Musk and his actions with the brand.”And that could be problematic for the brand's business. Tesla short seller Mark Spiegel told Yahoo Finance a potential boycott from Democrats would be “terrible” for the EV maker.“He completely alienated most of his buying base… It's going to kill the business,” Spiegel warned. “I can't imagine a single Democrat, or, let's say, very few of them, willing to buy a Tesla at this point.”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.\"“This final stance of Elon has put me in a really difficult moral position,” Gerber said. \"I’m driving a Cybertruck and now it's like a MAGA truck.”According to research firm Strategic Vision, the number of Tesla owners who identify as Democrats has dropped to 26% compared to 39% last year. The data shows a dramatic drop in November when Musk made antisemitic comments on X and has steadily decreased since then.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.“If the $7,500 credit goes away, Tesla is going to have to raise prices. And if it has to raise prices, it's going to sell fewer cars,” Spiegel added.Guggenheim’s Ron Jewsikow told Yahoo Finance the current $7,500 federal EV tax credit is a “key affordability enabler” for the company and that repealing it would be a \"negative.\"The uncertainty surrounding EV tax credits is nothing new to Tesla or legacy automakers. Gabelli Asset Management portfolio manager Brian Sponheimer told Yahoo Finance the topic has been a \"political football for quite some time,\" urging caution and a \"wait-and-see approach\" from investors.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.\"“If Elon thinks paying Trump $45 million a month will somehow stop Trump from destroying the EV tax credit, he's 100% wrong,” Gerber said. “The first thing they'll go after is all of the solar and EV tax credits. The government has a huge deficit and it's an easy thing to kill.”Musk, though, isn’t worried about a potential rollback in EV credits.\"Take away the subsidies,\" he wrote in a post on X. \"It will only help Tesla.\"Musk's support for Trump marks a shift from his past endorsements. In 2020, the billionaire said he voted for President Biden, and in 2016, he criticized Trump during his campaign against Hillary Clinton, saying, “He doesn’t seem to have the sort of character that reflects well on the United States.”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.”Since then, Musk has used his megaphone on X to condemn Democrats and fuel narratives about the attempted assassination to his 190 million followers.Tesla did not respond to Yahoo Finance’s request for comment.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[{"id":330257026298032,"gmtCreate":1721634811452,"gmtModify":1721636497514,"author":{"id":"3554819591940598","authorId":"3554819591940598","name":"壮志高飞","avatar":"https://static.tigerbbs.com/d49448839db6ec13a56ec95df9761db9","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":1,"idStr":"3554819591940598","authorIdStr":"3554819591940598"},"htmlText":"Remember DemonCraps are the one pushing hard green energy zero emissions agenda&nbsp;in their state. Also like it or not, Tesla is still the best pure EV among US made.&nbsp;Are they gonna be seen driving gas car or inferior EV?&nbsp;So,&nbsp;suck it up. 😂&nbsp;","listText":"Remember DemonCraps are the one pushing hard green energy zero emissions agenda&nbsp;in their state. Also like it or not, Tesla is still the best pure EV among US made.&nbsp;Are they gonna be seen driving gas car or inferior EV?&nbsp;So,&nbsp;suck it up. 😂&nbsp;","text":"Remember DemonCraps are the one pushing hard green energy zero emissions agenda in their state. Also like it or not, Tesla is still the best pure EV among US made. Are they gonna be seen driving gas car or inferior EV? So, suck it up. 😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/330257026298032","repostId":2453274360,"repostType":2,"repost":{"id":"2453274360","pubTimestamp":1721628300,"share":"https://ttm.financial/m/news/2453274360?lang=&edition=fundamental","pubTime":"2024-07-22 14:05","market":"us","language":"en","title":"\"Few Democrats Willing to Buy a Tesla\" After Elon Musk Backs Trump, Investor Warns","url":"https://stock-news.laohu8.com/highlight/detail?id=2453274360","media":"Yahoo Finance","summary":"Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.New data from analytics firm CivicScience shows Tesla’s favorability among Democrats h","content":"<html><head></head><body><p style=\"text-align: start;\">Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.</p><p style=\"text-align: start;\">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.</p><p style=\"text-align: start;\">CivicScience CEO John Dick tells Yahoo Finance its “data has shown consistently that Democrats, more closely than Republicans, associate Elon Musk and his actions with the brand.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c3fced17394c5298a8d61708301a1a86\" tg-width=\"797\" tg-height=\"597\"/></p><p>And that could be problematic for the brand&#39;s business. Tesla short seller Mark Spiegel told Yahoo Finance a potential boycott from Democrats would be “terrible” for the EV maker.</p><p style=\"text-align: start;\">“He completely alienated most of his buying base… It&#39;s going to kill the business,” Spiegel warned. “I can&#39;t imagine a single Democrat, or, let&#39;s say, very few of them, willing to buy a Tesla at this point.”</p><p style=\"text-align: start;\">Longtime Tesla investor Ross Gerber of investment firm Gerber Kawasaki told Yahoo Finance that he&#39;s considering selling his vehicle because Musk&#39;s endorsement &#34;doesn’t align with my values.&#34;</p><p style=\"text-align: start;\">“This final stance of Elon has put me in a really difficult moral position,” Gerber said. &#34;I’m driving a Cybertruck and now it&#39;s like a MAGA truck.”</p><p style=\"text-align: start;\">According to research firm Strategic Vision, the number of Tesla owners who identify as Democrats has dropped to 26% compared to 39% last year. The data shows a dramatic drop in November when Musk made antisemitic comments on X and has steadily decreased since then.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2bac62ba3e99b5412e6edf926e5f9235\" tg-width=\"793\" tg-height=\"600\"/></p><p>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.</p><p style=\"text-align: start;\">“If the $7,500 credit goes away, Tesla is going to have to raise prices. And if it has to raise prices, it&#39;s going to sell fewer cars,” Spiegel added.</p><p style=\"text-align: start;\">Guggenheim’s Ron Jewsikow told Yahoo Finance the current $7,500 federal EV tax credit is a “key affordability enabler” for the company and that repealing it would be a &#34;negative.&#34;</p><p style=\"text-align: start;\">The uncertainty surrounding EV tax credits is nothing new to Tesla or legacy automakers. Gabelli Asset Management portfolio manager Brian Sponheimer told Yahoo Finance the topic has been a &#34;political football for quite some time,&#34; urging caution and a &#34;wait-and-see approach&#34; from investors.</p><p style=\"text-align: start;\">Trump, though, didn&#39;t sugarcoat his stance during his speech at the Republican National Convention. The former president told the crowd he would &#34;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.&#34;</p><p style=\"text-align: start;\">“If Elon thinks paying Trump $45 million a month will somehow stop Trump from destroying the EV tax credit, he&#39;s 100% wrong,” Gerber said. “The first thing they&#39;ll go after is all of the solar and EV tax credits. The government has a huge deficit and it&#39;s an easy thing to kill.”</p><p style=\"text-align: start;\">Musk, though, isn’t worried about a potential rollback in EV credits.</p><p style=\"text-align: start;\">&#34;Take away the subsidies,&#34; he wrote in a post on X. &#34;It will only help Tesla.&#34;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ea136f7f4c05173d935b37ee8324567d\" tg-width=\"797\" tg-height=\"648\"/></p><p>Musk&#39;s support for Trump marks a shift from his past endorsements. In 2020, the billionaire said he voted for President Biden, and in 2016, he criticized Trump during his campaign against Hillary Clinton, saying, “He doesn’t seem to have the sort of character that reflects well on the United States.”</p><p style=\"text-align: start;\">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.”</p><p style=\"text-align: start;\">Since then, Musk has used his megaphone on X to condemn Democrats and fuel narratives about the attempted assassination to his 190 million followers.</p><p style=\"text-align: start;\">Tesla did not respond to Yahoo Finance’s request for comment.</p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Few Democrats Willing to Buy a Tesla\" After Elon Musk Backs Trump, Investor Warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Few Democrats Willing to Buy a Tesla\" After Elon Musk Backs Trump, Investor Warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-22 14:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/few-democrats-willing-to-buy-a-tesla-after-elon-musk-backs-trump-investor-warns-170050119.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.New data from analytics firm CivicScience shows Tesla’s favorability among Democrats ...</p>\n\n<a href=\"https://finance.yahoo.com/news/few-democrats-willing-to-buy-a-tesla-after-elon-musk-backs-trump-investor-warns-170050119.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","TSLA":"特斯拉","LU0823411888.USD":"法巴消费创新基金 Cap","BK4511":"特斯拉概念","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4548":"巴美列捷福持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4592":"伊斯兰概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2063271972.USD":"富兰克林创新领域基金","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4555":"新能源车","LU0823414478.USD":"法巴经典能源转换基金","BK4533":"AQR资本管理(全球第二大对冲基金)","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4527":"明星科技股","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4588":"碎股","BK4550":"红杉资本持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4581":"高盛持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close"},"source_url":"https://finance.yahoo.com/news/few-democrats-willing-to-buy-a-tesla-after-elon-musk-backs-trump-investor-warns-170050119.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2453274360","content_text":"Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.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.CivicScience CEO John Dick tells Yahoo Finance its “data has shown consistently that Democrats, more closely than Republicans, associate Elon Musk and his actions with the brand.”And that could be problematic for the brand's business. Tesla short seller Mark Spiegel told Yahoo Finance a potential boycott from Democrats would be “terrible” for the EV maker.“He completely alienated most of his buying base… It's going to kill the business,” Spiegel warned. “I can't imagine a single Democrat, or, let's say, very few of them, willing to buy a Tesla at this point.”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.\"“This final stance of Elon has put me in a really difficult moral position,” Gerber said. \"I’m driving a Cybertruck and now it's like a MAGA truck.”According to research firm Strategic Vision, the number of Tesla owners who identify as Democrats has dropped to 26% compared to 39% last year. The data shows a dramatic drop in November when Musk made antisemitic comments on X and has steadily decreased since then.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.“If the $7,500 credit goes away, Tesla is going to have to raise prices. And if it has to raise prices, it's going to sell fewer cars,” Spiegel added.Guggenheim’s Ron Jewsikow told Yahoo Finance the current $7,500 federal EV tax credit is a “key affordability enabler” for the company and that repealing it would be a \"negative.\"The uncertainty surrounding EV tax credits is nothing new to Tesla or legacy automakers. Gabelli Asset Management portfolio manager Brian Sponheimer told Yahoo Finance the topic has been a \"political football for quite some time,\" urging caution and a \"wait-and-see approach\" from investors.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.\"“If Elon thinks paying Trump $45 million a month will somehow stop Trump from destroying the EV tax credit, he's 100% wrong,” Gerber said. “The first thing they'll go after is all of the solar and EV tax credits. The government has a huge deficit and it's an easy thing to kill.”Musk, though, isn’t worried about a potential rollback in EV credits.\"Take away the subsidies,\" he wrote in a post on X. \"It will only help Tesla.\"Musk's support for Trump marks a shift from his past endorsements. In 2020, the billionaire said he voted for President Biden, and in 2016, he criticized Trump during his campaign against Hillary Clinton, saying, “He doesn’t seem to have the sort of character that reflects well on the United States.”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.”Since then, Musk has used his megaphone on X to condemn Democrats and fuel narratives about the attempted assassination to his 190 million followers.Tesla did not respond to Yahoo Finance’s request for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":330253678362784,"gmtCreate":1721633990802,"gmtModify":1721634002023,"author":{"id":"4128135742152662","authorId":"4128135742152662","name":"Globalrisk.fund","avatar":"https://community-static.tradeup.com/news/72ff9b798ca839033c36029a02c7b4f6","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4128135742152662","authorIdStr":"4128135742152662"},"htmlText":"Alienating yourself to the people that buys your cars is not a very good idea. He is losing a big part of his customer base from his political&nbsp;actions. This could be a good time to go short if you are willing to take some risks for big rewards.&nbsp; But never under estimate what Elon Musk can do either. Just like Trump he can succeed against all odds..... Maybe time to buy an Corvette instead....","listText":"Alienating yourself to the people that buys your cars is not a very good idea. He is losing a big part of his customer base from his political&nbsp;actions. This could be a good time to go short if you are willing to take some risks for big rewards.&nbsp; But never under estimate what Elon Musk can do either. Just like Trump he can succeed against all odds..... Maybe time to buy an Corvette instead....","text":"Alienating yourself to the people that buys your cars is not a very good idea. He is losing a big part of his customer base from his political actions. This could be a good time to go short if you are willing to take some risks for big rewards. But never under estimate what Elon Musk can do either. Just like Trump he can succeed against all odds..... Maybe time to buy an Corvette instead....","images":[{"img":"https://community-static.tradeup.com/news/c03e70552d928661e7d8cd3550dc8032"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/330253678362784","repostId":2453274360,"repostType":2,"repost":{"id":"2453274360","pubTimestamp":1721628300,"share":"https://ttm.financial/m/news/2453274360?lang=&edition=fundamental","pubTime":"2024-07-22 14:05","market":"us","language":"en","title":"\"Few Democrats Willing to Buy a Tesla\" After Elon Musk Backs Trump, Investor Warns","url":"https://stock-news.laohu8.com/highlight/detail?id=2453274360","media":"Yahoo Finance","summary":"Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.New data from analytics firm CivicScience shows Tesla’s favorability among Democrats h","content":"<html><head></head><body><p style=\"text-align: start;\">Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.</p><p style=\"text-align: start;\">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.</p><p style=\"text-align: start;\">CivicScience CEO John Dick tells Yahoo Finance its “data has shown consistently that Democrats, more closely than Republicans, associate Elon Musk and his actions with the brand.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c3fced17394c5298a8d61708301a1a86\" tg-width=\"797\" tg-height=\"597\"/></p><p>And that could be problematic for the brand&#39;s business. Tesla short seller Mark Spiegel told Yahoo Finance a potential boycott from Democrats would be “terrible” for the EV maker.</p><p style=\"text-align: start;\">“He completely alienated most of his buying base… It&#39;s going to kill the business,” Spiegel warned. “I can&#39;t imagine a single Democrat, or, let&#39;s say, very few of them, willing to buy a Tesla at this point.”</p><p style=\"text-align: start;\">Longtime Tesla investor Ross Gerber of investment firm Gerber Kawasaki told Yahoo Finance that he&#39;s considering selling his vehicle because Musk&#39;s endorsement &#34;doesn’t align with my values.&#34;</p><p style=\"text-align: start;\">“This final stance of Elon has put me in a really difficult moral position,” Gerber said. &#34;I’m driving a Cybertruck and now it&#39;s like a MAGA truck.”</p><p style=\"text-align: start;\">According to research firm Strategic Vision, the number of Tesla owners who identify as Democrats has dropped to 26% compared to 39% last year. The data shows a dramatic drop in November when Musk made antisemitic comments on X and has steadily decreased since then.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2bac62ba3e99b5412e6edf926e5f9235\" tg-width=\"793\" tg-height=\"600\"/></p><p>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.</p><p style=\"text-align: start;\">“If the $7,500 credit goes away, Tesla is going to have to raise prices. And if it has to raise prices, it&#39;s going to sell fewer cars,” Spiegel added.</p><p style=\"text-align: start;\">Guggenheim’s Ron Jewsikow told Yahoo Finance the current $7,500 federal EV tax credit is a “key affordability enabler” for the company and that repealing it would be a &#34;negative.&#34;</p><p style=\"text-align: start;\">The uncertainty surrounding EV tax credits is nothing new to Tesla or legacy automakers. Gabelli Asset Management portfolio manager Brian Sponheimer told Yahoo Finance the topic has been a &#34;political football for quite some time,&#34; urging caution and a &#34;wait-and-see approach&#34; from investors.</p><p style=\"text-align: start;\">Trump, though, didn&#39;t sugarcoat his stance during his speech at the Republican National Convention. The former president told the crowd he would &#34;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.&#34;</p><p style=\"text-align: start;\">“If Elon thinks paying Trump $45 million a month will somehow stop Trump from destroying the EV tax credit, he&#39;s 100% wrong,” Gerber said. “The first thing they&#39;ll go after is all of the solar and EV tax credits. The government has a huge deficit and it&#39;s an easy thing to kill.”</p><p style=\"text-align: start;\">Musk, though, isn’t worried about a potential rollback in EV credits.</p><p style=\"text-align: start;\">&#34;Take away the subsidies,&#34; he wrote in a post on X. &#34;It will only help Tesla.&#34;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ea136f7f4c05173d935b37ee8324567d\" tg-width=\"797\" tg-height=\"648\"/></p><p>Musk&#39;s support for Trump marks a shift from his past endorsements. In 2020, the billionaire said he voted for President Biden, and in 2016, he criticized Trump during his campaign against Hillary Clinton, saying, “He doesn’t seem to have the sort of character that reflects well on the United States.”</p><p style=\"text-align: start;\">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.”</p><p style=\"text-align: start;\">Since then, Musk has used his megaphone on X to condemn Democrats and fuel narratives about the attempted assassination to his 190 million followers.</p><p style=\"text-align: start;\">Tesla did not respond to Yahoo Finance’s request for comment.</p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Few Democrats Willing to Buy a Tesla\" After Elon Musk Backs Trump, Investor Warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Few Democrats Willing to Buy a Tesla\" After Elon Musk Backs Trump, Investor Warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-22 14:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/few-democrats-willing-to-buy-a-tesla-after-elon-musk-backs-trump-investor-warns-170050119.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.New data from analytics firm CivicScience shows Tesla’s favorability among Democrats ...</p>\n\n<a href=\"https://finance.yahoo.com/news/few-democrats-willing-to-buy-a-tesla-after-elon-musk-backs-trump-investor-warns-170050119.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","TSLA":"特斯拉","LU0823411888.USD":"法巴消费创新基金 Cap","BK4511":"特斯拉概念","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4548":"巴美列捷福持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4592":"伊斯兰概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2063271972.USD":"富兰克林创新领域基金","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4555":"新能源车","LU0823414478.USD":"法巴经典能源转换基金","BK4533":"AQR资本管理(全球第二大对冲基金)","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4527":"明星科技股","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4588":"碎股","BK4550":"红杉资本持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4581":"高盛持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close"},"source_url":"https://finance.yahoo.com/news/few-democrats-willing-to-buy-a-tesla-after-elon-musk-backs-trump-investor-warns-170050119.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2453274360","content_text":"Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.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.CivicScience CEO John Dick tells Yahoo Finance its “data has shown consistently that Democrats, more closely than Republicans, associate Elon Musk and his actions with the brand.”And that could be problematic for the brand's business. Tesla short seller Mark Spiegel told Yahoo Finance a potential boycott from Democrats would be “terrible” for the EV maker.“He completely alienated most of his buying base… It's going to kill the business,” Spiegel warned. “I can't imagine a single Democrat, or, let's say, very few of them, willing to buy a Tesla at this point.”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.\"“This final stance of Elon has put me in a really difficult moral position,” Gerber said. \"I’m driving a Cybertruck and now it's like a MAGA truck.”According to research firm Strategic Vision, the number of Tesla owners who identify as Democrats has dropped to 26% compared to 39% last year. The data shows a dramatic drop in November when Musk made antisemitic comments on X and has steadily decreased since then.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.“If the $7,500 credit goes away, Tesla is going to have to raise prices. And if it has to raise prices, it's going to sell fewer cars,” Spiegel added.Guggenheim’s Ron Jewsikow told Yahoo Finance the current $7,500 federal EV tax credit is a “key affordability enabler” for the company and that repealing it would be a \"negative.\"The uncertainty surrounding EV tax credits is nothing new to Tesla or legacy automakers. Gabelli Asset Management portfolio manager Brian Sponheimer told Yahoo Finance the topic has been a \"political football for quite some time,\" urging caution and a \"wait-and-see approach\" from investors.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.\"“If Elon thinks paying Trump $45 million a month will somehow stop Trump from destroying the EV tax credit, he's 100% wrong,” Gerber said. “The first thing they'll go after is all of the solar and EV tax credits. The government has a huge deficit and it's an easy thing to kill.”Musk, though, isn’t worried about a potential rollback in EV credits.\"Take away the subsidies,\" he wrote in a post on X. \"It will only help Tesla.\"Musk's support for Trump marks a shift from his past endorsements. In 2020, the billionaire said he voted for President Biden, and in 2016, he criticized Trump during his campaign against Hillary Clinton, saying, “He doesn’t seem to have the sort of character that reflects well on the United States.”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.”Since then, Musk has used his megaphone on X to condemn Democrats and fuel narratives about the attempted assassination to his 190 million followers.Tesla did not respond to Yahoo Finance’s request for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":330281050284144,"gmtCreate":1721640941170,"gmtModify":1721640971642,"authorId":4128135742152662,"author":{"id":4128135742152662,"idStr":"4128135742152662","authorId":4128135742152662,"name":"Globalrisk.fund","avatar":"https://community-static.tradeup.com/news/72ff9b798ca839033c36029a02c7b4f6","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-2","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Executive Tiger","description":"The transaction amount of the securities account reaches $300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.64%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":330253678362784,"type":1,"supId":0,"prevId":0,"content":"Musk is not against his own customers as such. He wants people to buy his cars. He makes good cars.&nbsp; But you might find&nbsp; that segments of the buyers don't like his political&nbsp; strong views , and choose to take business&nbsp; somewhere else.<p></p>\n<p dir=\"ltr\">.</p>","text":"Musk is not against his own customers as such. He wants people to buy his cars. He makes good cars.&nbsp; But you might find&nbsp; that segments of the buyers don't like his political&nbsp; strong views , and choose to take business&nbsp; somewhere else.<p></p>\n<p dir=\"ltr\">.</p>","html":"Musk is not against his own customers as such. He wants people to buy his cars. He makes good cars.&nbsp; But you might find&nbsp; that segments of the buyers don't like his political&nbsp; strong views , and choose to take business&nbsp; somewhere else.<p></p>\n<p dir=\"ltr\">.</p>"},{"id":330268916756704,"gmtCreate":1721637719143,"gmtModify":1721639981591,"authorId":3581487542902541,"author":{"id":3581487542902541,"idStr":"3581487542902541","authorId":3581487542902541,"name":"LeonTse","avatar":"https://community-static.tradeup.com/news/f5906955cfbbd703548aa75205eee8bc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":330253678362784,"type":1,"supId":0,"prevId":0,"content":"Siding with trump is not against Tesla customers, FYI","text":"Siding with trump is not against Tesla customers, FYI","html":"Siding with trump is not against Tesla customers, FYI"}],"langContent":"EN"},{"id":330252524241120,"gmtCreate":1721633717056,"gmtModify":1721633733203,"author":{"id":"3576157343730083","authorId":"3576157343730083","name":"Dr Rck","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3576157343730083","authorIdStr":"3576157343730083"},"htmlText":"Nah I think it is negligible for TSLA, those who care for Democrats or part of them are already not keen on TSLA or can't afford anyway! They are opened to almost everything as usual.","listText":"Nah I think it is negligible for TSLA, those who care for Democrats or part of them are already not keen on TSLA or can't afford anyway! They are opened to almost everything as usual.","text":"Nah I think it is negligible for TSLA, those who care for Democrats or part of them are already not keen on TSLA or can't afford anyway! They are opened to almost everything as usual.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/330252524241120","repostId":2453274360,"repostType":2,"repost":{"id":"2453274360","pubTimestamp":1721628300,"share":"https://ttm.financial/m/news/2453274360?lang=&edition=fundamental","pubTime":"2024-07-22 14:05","market":"us","language":"en","title":"\"Few Democrats Willing to Buy a Tesla\" After Elon Musk Backs Trump, Investor Warns","url":"https://stock-news.laohu8.com/highlight/detail?id=2453274360","media":"Yahoo Finance","summary":"Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.New data from analytics firm CivicScience shows Tesla’s favorability among Democrats h","content":"<html><head></head><body><p style=\"text-align: start;\">Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.</p><p style=\"text-align: start;\">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.</p><p style=\"text-align: start;\">CivicScience CEO John Dick tells Yahoo Finance its “data has shown consistently that Democrats, more closely than Republicans, associate Elon Musk and his actions with the brand.”</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c3fced17394c5298a8d61708301a1a86\" tg-width=\"797\" tg-height=\"597\"/></p><p>And that could be problematic for the brand&#39;s business. Tesla short seller Mark Spiegel told Yahoo Finance a potential boycott from Democrats would be “terrible” for the EV maker.</p><p style=\"text-align: start;\">“He completely alienated most of his buying base… It&#39;s going to kill the business,” Spiegel warned. “I can&#39;t imagine a single Democrat, or, let&#39;s say, very few of them, willing to buy a Tesla at this point.”</p><p style=\"text-align: start;\">Longtime Tesla investor Ross Gerber of investment firm Gerber Kawasaki told Yahoo Finance that he&#39;s considering selling his vehicle because Musk&#39;s endorsement &#34;doesn’t align with my values.&#34;</p><p style=\"text-align: start;\">“This final stance of Elon has put me in a really difficult moral position,” Gerber said. &#34;I’m driving a Cybertruck and now it&#39;s like a MAGA truck.”</p><p style=\"text-align: start;\">According to research firm Strategic Vision, the number of Tesla owners who identify as Democrats has dropped to 26% compared to 39% last year. The data shows a dramatic drop in November when Musk made antisemitic comments on X and has steadily decreased since then.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/2bac62ba3e99b5412e6edf926e5f9235\" tg-width=\"793\" tg-height=\"600\"/></p><p>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.</p><p style=\"text-align: start;\">“If the $7,500 credit goes away, Tesla is going to have to raise prices. And if it has to raise prices, it&#39;s going to sell fewer cars,” Spiegel added.</p><p style=\"text-align: start;\">Guggenheim’s Ron Jewsikow told Yahoo Finance the current $7,500 federal EV tax credit is a “key affordability enabler” for the company and that repealing it would be a &#34;negative.&#34;</p><p style=\"text-align: start;\">The uncertainty surrounding EV tax credits is nothing new to Tesla or legacy automakers. Gabelli Asset Management portfolio manager Brian Sponheimer told Yahoo Finance the topic has been a &#34;political football for quite some time,&#34; urging caution and a &#34;wait-and-see approach&#34; from investors.</p><p style=\"text-align: start;\">Trump, though, didn&#39;t sugarcoat his stance during his speech at the Republican National Convention. The former president told the crowd he would &#34;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.&#34;</p><p style=\"text-align: start;\">“If Elon thinks paying Trump $45 million a month will somehow stop Trump from destroying the EV tax credit, he&#39;s 100% wrong,” Gerber said. “The first thing they&#39;ll go after is all of the solar and EV tax credits. The government has a huge deficit and it&#39;s an easy thing to kill.”</p><p style=\"text-align: start;\">Musk, though, isn’t worried about a potential rollback in EV credits.</p><p style=\"text-align: start;\">&#34;Take away the subsidies,&#34; he wrote in a post on X. &#34;It will only help Tesla.&#34;</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ea136f7f4c05173d935b37ee8324567d\" tg-width=\"797\" tg-height=\"648\"/></p><p>Musk&#39;s support for Trump marks a shift from his past endorsements. In 2020, the billionaire said he voted for President Biden, and in 2016, he criticized Trump during his campaign against Hillary Clinton, saying, “He doesn’t seem to have the sort of character that reflects well on the United States.”</p><p style=\"text-align: start;\">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.”</p><p style=\"text-align: start;\">Since then, Musk has used his megaphone on X to condemn Democrats and fuel narratives about the attempted assassination to his 190 million followers.</p><p style=\"text-align: start;\">Tesla did not respond to Yahoo Finance’s request for comment.</p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>\"Few Democrats Willing to Buy a Tesla\" After Elon Musk Backs Trump, Investor Warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n\"Few Democrats Willing to Buy a Tesla\" After Elon Musk Backs Trump, Investor Warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-22 14:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/few-democrats-willing-to-buy-a-tesla-after-elon-musk-backs-trump-investor-warns-170050119.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.New data from analytics firm CivicScience shows Tesla’s favorability among Democrats ...</p>\n\n<a href=\"https://finance.yahoo.com/news/few-democrats-willing-to-buy-a-tesla-after-elon-musk-backs-trump-investor-warns-170050119.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","TSLA":"特斯拉","LU0823411888.USD":"法巴消费创新基金 Cap","BK4511":"特斯拉概念","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4548":"巴美列捷福持仓","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4592":"伊斯兰概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2063271972.USD":"富兰克林创新领域基金","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","BK4555":"新能源车","LU0823414478.USD":"法巴经典能源转换基金","BK4533":"AQR资本管理(全球第二大对冲基金)","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","SG9999015978.USD":"利安颠覆性创新基金A","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4527":"明星科技股","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4588":"碎股","BK4550":"红杉资本持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4574":"无人驾驶","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4581":"高盛持仓","LU0234570918.USD":"高盛全球核心股票组合Acc Close"},"source_url":"https://finance.yahoo.com/news/few-democrats-willing-to-buy-a-tesla-after-elon-musk-backs-trump-investor-warns-170050119.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2453274360","content_text":"Elon Musk’s endorsement of former President Donald Trump isn’t sitting well with potential Tesla (TSLA) customers.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.CivicScience CEO John Dick tells Yahoo Finance its “data has shown consistently that Democrats, more closely than Republicans, associate Elon Musk and his actions with the brand.”And that could be problematic for the brand's business. Tesla short seller Mark Spiegel told Yahoo Finance a potential boycott from Democrats would be “terrible” for the EV maker.“He completely alienated most of his buying base… It's going to kill the business,” Spiegel warned. “I can't imagine a single Democrat, or, let's say, very few of them, willing to buy a Tesla at this point.”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.\"“This final stance of Elon has put me in a really difficult moral position,” Gerber said. \"I’m driving a Cybertruck and now it's like a MAGA truck.”According to research firm Strategic Vision, the number of Tesla owners who identify as Democrats has dropped to 26% compared to 39% last year. The data shows a dramatic drop in November when Musk made antisemitic comments on X and has steadily decreased since then.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.“If the $7,500 credit goes away, Tesla is going to have to raise prices. And if it has to raise prices, it's going to sell fewer cars,” Spiegel added.Guggenheim’s Ron Jewsikow told Yahoo Finance the current $7,500 federal EV tax credit is a “key affordability enabler” for the company and that repealing it would be a \"negative.\"The uncertainty surrounding EV tax credits is nothing new to Tesla or legacy automakers. Gabelli Asset Management portfolio manager Brian Sponheimer told Yahoo Finance the topic has been a \"political football for quite some time,\" urging caution and a \"wait-and-see approach\" from investors.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.\"“If Elon thinks paying Trump $45 million a month will somehow stop Trump from destroying the EV tax credit, he's 100% wrong,” Gerber said. “The first thing they'll go after is all of the solar and EV tax credits. The government has a huge deficit and it's an easy thing to kill.”Musk, though, isn’t worried about a potential rollback in EV credits.\"Take away the subsidies,\" he wrote in a post on X. \"It will only help Tesla.\"Musk's support for Trump marks a shift from his past endorsements. In 2020, the billionaire said he voted for President Biden, and in 2016, he criticized Trump during his campaign against Hillary Clinton, saying, “He doesn’t seem to have the sort of character that reflects well on the United States.”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.”Since then, Musk has used his megaphone on X to condemn Democrats and fuel narratives about the attempted assassination to his 190 million followers.Tesla did not respond to Yahoo Finance’s request for comment.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":8,"commentSize":3,"repostSize":4,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}