TECH - Will Elon Musk's Endorsement Of Trump Impact Tesla? This Veteran Analyst Thinks So Here's Why | Benzinga
Elon Musk‘s recent endorsement of former President Donald Trump could have significant implications for Tesla Inc. (NASDAQ:TSLA), according to veteran tech analyst Gene Munster.
What Happened: Munster, a tech analyst at Deepwater Asset Management, believes that Musk’s endorsement of Trump could potentially influence Tesla’s future.
“This endorsement, while it was predictable and obvious, it does hold some weight if [Tesla] can get a favorable environment around the government,” Munster said in an interview with CNBC’s Last Call.
Munster emphasized that a favorable government environment could facilitate the deployment of more Full Self-Driving (FSD) vehicles, a key goal for Tesla. This, in turn, could positively impact Tesla’s stock.
"This endorsement, while it was predictable and obvious, it does hold some weight if [Tesla] can get a favorable environment around the government," says @munster_gene after @elonmusk endorsed Trump. pic.twitter.com/9bMhEXSaEj — Last Call (@LastCallCNBC) July 15, ...