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Trump-Vance Administration Will Be 'Terrible' For Tesla, Says Bear: Elon Musk 'Has Completely Alienated Most Of His Buying Base'

Benzinga ·  Jul 18 05:50

ATesla, Inc.(NASDAQ:TSLA) bear on Wednesday said a second term for Republican nomineeDonald Trumpis a negative for CEOElon Muskand his electric-vehicle giant.

Terrible For Tesla:Musk has been subject to several Department of Justice investigations, said Stanphyl Capital Managing MemberMark Spiegel. "There are.... several at least fraudulent things he's done in plain sight," he said, adding that the billionaire is having trouble with the DOJ.

The portfolio manager also said a Trump second term will likely be a negative for Tesla. "It is unquestionable that a Trump-Vance administration is terrible...

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