Tesla Stock: Are We Headed for a Trump-Musk Throwdown?
Buz Investors Trump-Musk Throwdown (NASDAQ:TSLA) stock is up nearly three percent on Monday as 2016 nears its end. What has otherwise been a year of generally good news for the green tech company hasn’t exactly been fantastic for Tesla stock; it’s down 22% since the beginning of the year and it fell seven percent last week.
To make matters worse, Jacob Bayer, CEO of energy consulting firm Luminext Incorporated, believes that President-elect Donald Trump and tech luminary Elon Musk are bound to butt heads in the next four years.
- Trump plans to wage,the two men’s drastically divergent worldviews on the environment will lead to “strong language, criticism and maybe even a power struggle in the upcoming years.” (Source: “The looming energy battle between Elon Musk and Donald Trump,” The Hill, December 5, 2016.)
Trump-Musk Throwdown To make matters worse, Jacob Bayer, CEO of energy consulting firm Luminext Incorporated, believes that President-elect Donald Trump and tech luminary Elon Musk are bound to butt heads in the next four years.
“As chief executive officer of an energy consultancy and someone who has worked in the energy sector for a decent portion of my life,” he wrote,
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“it was hard for me to read those concoctions aimed to brainwash our less informed fellow men and women.”
With all the uncertainty surrounding the President-elect’s true stance on climate change, the details of the policies he plans to enact, and just how the Trump-Musk dynamic will play out over the coming years, Bayer remains hopeful that Trump will gain new insight, having ascended to the highest office in the land, but he remains unsure.
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