A person named Elon Musk, who is the boss of a car company called Tesla, once said he liked a man named Donald Trump. Donald Trump was the boss of America for a while. Some people think that because Elon Musk liked Donald Trump, it might change how Tesla cars are treated by the people in charge of America. This could maybe help Tesla sell more cars, especially if they can put special driving helpers in their cars. Some people think this is important, and others don't. Read from source...

According to veteran tech analyst Gene Munster, Elon Musk's recent endorsement of former President Donald Trump could have significant implications for Tesla Inc. Munster believes that Musk's endorsement of Trump could potentially influence Tesla's future, and a favorable government environment could facilitate the deployment of more Full Self-Driving (FSD) vehicles, a key goal for Tesla, which could positively impact Tesla's stock.

What happened: During Trump's first administration, the government rolled back over 100 environmental policies. Despite Trump's public criticism of the electric vehicle industry, Musk revealed that Trump is a big supporter of electric vehicles. Following a shooting incident at a Trump rally, Musk endorsed Trump and disclosed that he had faced similar threats in the past year.

Price action: Tesla's stock closed at $252.64, marking a gain of 1.78% on Monday. In premarket trading, the stock was up 1.24% at the time of writing.

The story highlights the relationship between Musk and Trump and how it could impact Tesla's future. It also presents the potential benefits of having a favorable government environment for Tesla's goals, such as deploying more FSD vehicles.

Bullish

This article suggests a positive impact on Tesla due to Elon Musk's endorsement of former President Trump. According to veteran tech analyst Gene Munster, Musk's endorsement could potentially influence Tesla's future and create a favorable government environment for the company. This could lead to more Full Self-Driving (FSD) vehicles being deployed, which is a key goal for Tesla and could positively impact the company's stock.

According to veteran tech analyst Gene Munster, Elon Musk's recent endorsement of former President Donald Trump could have significant implications for Tesla Inc. Munster 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.

Musk's relationship with Trump has been a subject of interest. In March, Musk announced that he would not be financially supporting either Trump or current President Joe Biden after a reported private meeting with Trump. However, in June, Musk revealed that Trump is a big supporter of electric vehicles, despite his public criticism of the industry. Musk also disclosed that Trump frequently calls him, although the reason for these calls remains unclear.

Following a shooting incident at a Trump rally on Saturday, Musk endorsed Trump and disclosed that he had faced similar threats in the past year. Musk has reportedly committed to allocating $45 million per month to a new super political-action committee in support of former President Trump's potential 2024 presidential campaign.

Potential risks: Musk's endorsement of Trump could negatively impact Tesla's reputation among some consumers who do not support Trump, potentially affecting sales.

Investment recommendations: Based on Munster's analysis, investors who are bullish on Tesla's future should consider buying or holding Tesla's stock, as it could benefit from a favorable government environment, which could facilitate the deployment of more FSD vehicles. However, investors should also consider potential risks, such as the impact of Musk's endorsement on Tesla's reputation and sales.