Tesla’s Musk says he ‘can no longer support’ Democrats, will ‘vote Republican’
SAN FRANCISCO (Reuters) – Tesla Inc CEO Elon Musk said that while he voted Democrat in the past, he would now vote Republican.
“In the past I voted for Democrats, because they were (mostly) the kind party. But they have become a party of division and hatred, so I can no longer support them and will vote Republican,” he tweeted.
Musk, the world’s richest man who agreed to buy Twitter Inc., said: “Now, look at their dirty tricks campaign against me.”
The 50-year-old billionaire recently said he would reverse Twitter’s ban on former US President Donald Trump, a Republican, when he buys the social media platform. He also said that Twitter is very left-wing as it is headquartered in California, which is known for its progressive politics.
Tesla stock fell 6.8% on Wednesday after declaring its support for Republicans and Tesla was removed from the closely watched permanent index.
Tweets mocking Elon as “poor Elon” were trending on the social media platform Twitter, causing his mother, Maye Musk, to weigh in with her tweet to protect her son.
One Twitter user said, “Poor Elon could now be the second or third richest man in the world.”
“Poor Elon. No liberal is going to buy his cars anymore, when there are so many good options,” said another.
Musk’s mother criticized some of the tweets for “nasty comments” and alleged that they were “trolls or bots”, referring to the fake accounts.
Musk has been a vocal critic of the Biden administration and Democrats for proposals to tax billionaires and give more tax incentives to union-built electric vehicles. Tesla has no unions in US factories.
Last year, Tesla, which counts California as its largest market in the United States, moved its headquarters from California to more politically conservative Texas.
Musk moved his personal residence from California to Texas, where there is no state income tax. He has sold nearly $25 billion worth of Tesla stock since last year to pay taxes and finance his proposed acquisition of Twitter. Analysts said the sale helped them capitalize on Tesla’s stock rally and diversify their assets.