Media: Musk denied donation US$45 million per month to Trump Super PAC
The Straits Times reported:
Elon Musk has denied reports that he was donating US$45 million (S$60 million) a month to a fund backing former US president Donald Trump’s latest White House bid.
Source:
Channel News Asia reported:
1) Musk has denied a media report that he pledged to donate US$45 million per month to Trump, but he said he had created a political action committee.
2) Tesla CEO Elon Musk said on Tuesday (Jul 23) that US presidential candidate Donald Trump's potential removal of support for electric vehicles would hurt other automakers more than Tesla.
Source:
The Guardian:
1) Tesla CEO Elon Musk has denied reports that emerged last week that he was planning to donate $45m a month to a Super Pac focused on getting Trump elected. On Tuesday, Musk appeared on Jordan Peterson’s show, where he said the claim was “simply not true”. “I am not donating $45m a month to Trump,” he said.
2) After the Peterson interview, Musk replied on X to a clip from the interview saying, “Yeah”, and to another tweet referencing the reports saying, “Yeah, it’s ridiculous. I am making some donations to America PAC, but at a much lower level and the key values of the Pac are supporting a meritocracy & individual freedom.
Source:
My Take: This is the latest news reporting that Elon Musk denied donating $45 a month to Trump Super PAC. I have reported that he has made the same statement a week ago. Read here: Elon confirms the $45 million a monthly pledge to pro-Trump PAC is FALSE
However, anti-Tesla (and someone) refused to accept this fact even when Reuters reported Elon Musk's name is not found in the donation list. This goes to show that they are hardcore who just wanted to see Tesla (or Elon Musk) failed.
I have already shared a post that Trump's removal of support of electric vehicles will not hurt Tesla and will help Tesla to win back the market share. It is reported that what Trump meant was to introduce a new law to "give consumers more choices" and "remove mandate to EV". It is a misconception that Trump wants to remove the $7,500 tax credit which can only be done through voting in the US Congress. The new US President cannot remove a bill that has been passed by the Congress and signed by the previous President.
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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Caladbolg : Time to sink
ZnWC OP Caladbolg : Read this and think again.
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Tesla Q2 2024 Earnings Hits
https://www.moomoo.com/community/feed/112838903660550?share_code=01au7A
Caladbolg ZnWC OP : Earnings are just volume, not margin hence more revenue on cars doesn't mean more money. But of course, it's volatile. I may be wrong, if it goes up good for yall, if it goes down then too bad.
ZnWC OP Caladbolg : It is common for a stock to go down and up that is what we call volatility risk. "Sinking" is one way down.
The earnings provide more than just revenue and margin - read the article again.
Caladbolg ZnWC OP : Okay, if you want to play with words, time to drop so we can buy at a dip
ZnWC OP Caladbolg : We are just showing you data and financial information about the earnings. If you don't like, just skip. Here is another post:
Luzi Ann Santos :Tesla Options Signal Positioning for Stock's Upward Potential Ahead of EV...
https://www.moomoo.com/community/feed/112830967775237?share_code=01aucG
OneDirection : Elon is the man! He is able to challenge anything
ZnWC OP OneDirection : Let's hope that Musk and his team can overcome the uncertainties faced by Tesla (like the time in 2019).