President Donald Trump has come to the defense of Tesla Inc. CEO Elon Musk, who has been facing increasing backlash over his political activities.
Elon Musk: A Good Person
When asked about a recent poll that showed Musk’s popularity had taken a hit, Trump stated that he doesn’t know if the poll is accurate. However, he believes Musk is a “good person” who has had a “really bad moment.” Trump reiterated his belief in Musk’s character, saying he thinks Musk is a “really good person.”
Tesla Under Scrutiny
This news comes as Tesla may face increased scrutiny from the government. Trump’s pick for the NHTSA administrator, Jonathan Morisson, has called for tougher oversight on autonomous driving in the U.S. This could potentially hinder Musk’s ambitions for Robotaxi, a service he hopes to use to serve half the population of the U.S.
Criticism of Robotaxi Ambitions
Experts such as Ross Gerber, co-founder of Gerber Kawasaki, have criticized Musk’s Robotaxi plans, calling them “a wild exaggeration.” Gerber also referred to Tesla’s FSD as “an oxymoron.” Despite the criticism, Musk remains committed to his goals, aiming to deploy Robotaxis as soon as possible.
Market Insights
Tesla currently scores well on Momentum, Quality, and Growth metrics but offers poor Value. For more insights and stock rankings, consider signing up for a premium service.
More on the Future of Mobility
To stay up-to-date on the latest developments in the mobility sector, check out more coverage on the topic. You can also read about Elon Musk’s other ventures and statements, such as his claim that a $150K investment in Tesla could make someone a millionaire.