Elon Musk's Trump Endorsement Backfires on Tesla
Investigation into Data Fraud, Loss of Investor Confidence
Tesla CEO Elon Musk's endorsement of former President Donald Trump has sparked controversy, leading to an investigation into data fraud concerns and a loss of investor confidence in the electric vehicle maker.
The Political Action Committee (PAC) associated with Trump is now under investigation by the Federal Election Commission (FEC) over allegations of data fraud related to small-dollar donations. These concerns have raised questions about the legality of the PAC's fundraising practices.
Musk's past comments, which have often been at odds with Tesla's business practices, have further alienated investors. For example, Musk's recent tweets about a possible sale of Tesla shares and his controversial takeover of Twitter have raised concerns about his focus and commitment to the EV maker.
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