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Musk backs Trump, risking China ties amid tariff debate

Elon Musk could be an advisor if Donald Trump is elected the US president, according to Trump’s statements.

Musk supports Trump and has donated over US$100 million to his campaign.

The partnership between Musk and Trump is attracting attention in China, where Musk has significant business interests.

Trump’s previous calls for economic separation from China raise questions about Musk’s support, as such policies might affect his business.

Despite these concerns, some believe Musk might impact tariff policies.

Recent Tesla developments

Timeline
07-Nov-2024 📈 Tesla gains 14.8% as EV rivals slump on policy outlook
  • Tesla shares rise 14.8% amid Trump policy speculations
  • Other EV makers like Nio, Rivian, and Lucid see declines
25-Oct-2024 🚀 Tesla shares soar 22% on strong sales growth outlook
  • Tesla shares soared 22%, largest jump since 2013
  • Musk predicts 20%-30% sales growth for next year
24-Oct-2024 ⚡ Tesla plans affordable EV launch in 2025
  • Tesla to launch affordable EVs by 2025
  • Q3 2024: $2.2B net income, revenue up 7%
24-Oct-2024 🚗 Tesla shares surge 12% in Q3
  • Tesla shares up 12% after Q3 earnings report
  • EPS at $0.72, beating forecast of $0.58
11-Oct-2024 🚖 Tesla launches much-awaited autonomous taxi

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