Turn for the CEO of Tesla Inc Elon Musk, who announced yesterday that despite voting for Democrats in the past, he will now vote for Republicans. “In the past I voted for the Democrats as it was (mostly) the noblest political party. But, they became the political party of division and hatred. “I can no longer support them and I will vote for the Republicans,” Musk said in a Twitter post.
“Now, I’m watching the campaign they are doing with their dirty tricks against me,” he wrote. Musk, the richest man in the worldwhere has agreed to acquire Twitter Inc.
The 50-year-old billionaire recently stated that will reverse the Twitter ban against former US President Donald Trump when it completes its takeover of the aforementioned social networking platform. He has said that Twitter has been influenced by the far left, as it is based in California, a US state known for its progressive policies.
The price of its shares Tesla fell 6.8% yesterday after Musk said he backed Republicans as the company moved away from a closely monitored sustainability index.
Twitter posts mocking Elon as “poor Elon” have been hailed as user commentary, prompting Musk’s mother, Maye Musk, to take a stand through her account to defend her son.
“Poor Elon. No progressive will buy your cars anymore, when there are so many richer options “typically mentioned a post.
Musk’s mother criticized some of the posts as “pitiful comments”, implying that they were trolls or comments made from fake user accounts.
Musk is an outspoken critic of the Biden administration and the Democrats for their proposals to tax billionaires and give more tax incentives to buy electric vehicles made by workers who are members of American trade unions.
Last year, the company, which ranks California as its largest market in the United States, moved its headquarters from California to Texas, which is politically more conservative.
Musk moved his personal residence from California to Texas, where there is no state income tax.
He himself sold shares of Tesla, worth about $ 25 billion from last year, in order to pay taxes and finance his takeover of Twitter.
Financial analysts said stock sales helped him gain financial liquidity from competing for Tesla shares, but also diversify his wealth, according to Reuters and the Athens News Agency.
Source: News Beast
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