Trump is Musk's "Get Out of Jail Free" Card But Doesn't Save Tesla
Elon Musk endorses Trump after the former President was almost assassinated on Saturday; Tesla initially rose by nearly 7% on this news but is now flat
After the assassination attempt on former President Trump last Saturday, Elon Musk tweeted, “I fully endorse President Trump and hope for his rapid recovery”.
Tesla shares were up nearly 7% to $266 on this news in Monday’s premarket but closed at $253 (only +1.8%). The bump to Tesla’s stock price after Musk endorsed Trump is no surprise:
Musk is under m…
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