Tesla’s Musk Says He ‘Can’t Support’ Democrats Anymore, ‘Will Vote Republican’

Elon Musk attends the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo

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SAN FRANCISCO, May 18 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk said on Wednesday that if he had voted for Democrats in the past, he would now vote for Republicans.

“In the past, I voted Democrat, because they were (mostly) the party of kindness. But they became the party of division and hate, so I can’t support them anymore and I will vote Republican “, he tweeted.

“Now watch their backstabbing campaign against me unfold,” said Musk, the world’s richest man, who agreed to buy Twitter Inc (TWTR.N).

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The 50-year-old billionaire recently said he would reverse the ban on Twitter imposed on former US President Donald Trump, a Republican, when he buys the social media platform. He also said Twitter was skewed to the far left because it was headquartered in California, a state known for its progressive politics.

Tesla’s stock fell 6.8% on Wednesday after it announced its support for Republicans and Tesla was removed from a closely watched sustainability index. Read more

Tweets mocking Elon as “poor Elon” were trending on social media platform Twitter, prompting his mother Maye Musk to jump in with her own tweet in defense of her son.

“Poor Elon may only be the 2nd or 3rd richest man in the world now,” one Twitter user said.

“Poor Elon. No liberal will buy his cars anymore, when there are so many better options,” said another.

Musk’s mother slammed some tweets for “unpleasant comments” and alleged they were “troll or bot”, referring to fake accounts.

Musk has sharply criticized the Biden administration and Democrats for their proposals to tax billionaires and give more tax incentives to union-made electric vehicles. Tesla has no unions in its US factories.

Last year, Tesla, which sees California as its biggest market in the United States, moved its headquarters from California to the more politically conservative Texas.

Musk moved his personal residence from California to Texas, where there is no income tax. He has sold about $25 billion worth of Tesla stock since last year to pay taxes and fund his plan to acquire Twitter. Analysts said the sales helped him cash in on Tesla’s stock market rally and diversify his wealth.

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Reporting by Hyunjoo Jin in San Francisco Editing by Matthew Lewis and Richard Pullin

Our standards: The Thomson Reuters Trust Principles.

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