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Elon Musk Promises a Big Surprise for the Midterm Elections

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Elon Musk Promises a Big Surprise for the Midterm Elections

Elon Musk is an unconventional CEO.

Tesla CEO (TSLA) – Get Tesla Inc report Recently decided not to interfere in political affairs.So the billionaire redefines the role of the CEO, like the government – think Florida and Disney (DIS) – Get The Walt Disney Company Report and the “Don’t Say Gay” Act – an attempt to force companies to be neutral on social issues and focus primarily on their products and services.

Musk’s political offensive was marked by his April 14 bid to buy Twitter for $44 billion. Ten days ago, he disclosed a 9.2% stake in the microblogging site.

For tech tycoons, Twitter (TWTR) – Get Twitter, Inc. reports It is the de facto Times Square of our time. Musk said that by taking control, he hopes to restore freedom of speech at the site, which he said was improperly restricted by the platform’s management.

He pledged to restore the website of former President Donald Trump, who was banned from the social network after the Jan. 6, 2021, Capitol Hill incident.

in the name of freedom of speech

The billionaire has announced that any speech will be accepted on the site, up to the legal limits of the country in which it is made.

The decision angered many within the Democratic Party and prominent figures such as Microsoft co-founder Bill Gates (MSFT) – Get Microsoft Corporation ReportsIf this is to become the benchmark for Twitter under Musk, the site will foster hate speech, bullying and misinformation, these critics say.

Those criticisms had zero impact on Musk, who reiterated that Twitter would be open to everyone. The billionaire further said he will now vote Republican in the face of what he calls Democratic radicalization.

He recently reiterated that he was a Democrat who voted for Barack Obama in 2008 and 2012, but the intolerance of Democratic progressives pushed him first to the centrist and then to the Republicans .

“I voted Democrats in the past because they are (mostly) the good party,” the world’s richest man said recently. “But they have become a party of division and hatred, so I can no longer support them and will vote Republican.”

“Now, watch their dirty tricks unfold against me… 🍿”

Musk: Moderate wave will support Republicans

Jon Favreau, Barack Obama’s former speechwriting director, points out to Musk that he’s closer to Democrats than Republicans on the environment, and that Tesla survived , thanks to the efforts of the Democratic administration.

Musk predicts that a large number of moderate Democratic voters or simply moderate voters will vote Republican in November’s midterm elections.

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“I know you’re pissed that the member of the White House who made Tesla possible isn’t giving Tesla enough love right now, but supporting climate-denying MAGA politicians who want to overturn the election is not the answer,” Favreau told Musk . “You’re closer to the Democrats on climate, and I want democracy.”

“I just switched from a moderate D to a moderate R, as I think a lot of independent voters have done,” the tycoon responded on May 20. “We’ll know how serious this trend is in November. I think it’s huge.”

President Joe Biden’s approval ratings and concerns about the economy are currently causing Democrats to worry about possible losses in the 2022 midterm elections. Some Democratic leaders are bracing for the prospect that the party will at least lose control of the House of Representatives.

Recent election history shows that parties in the White House often lose in midterm elections. This was the case in 2010 and 2018, for example. Currently, Democrats have very thin majorities in the Senate and House of Representatives.

Relations between Musk and Democrats have always been good. In 2010, the electric car maker received a $465 million loan from the Department of Energy, crucial support for the startup at the time.

At the time, Tesla was an upstart in the auto industry, ravaged by the financial crisis and witnessed the bankruptcy of General Motors (GM) – Get General Motors Corporation Report and Chrysler (STLA) – Get Stellantis NV report. Tesla had an IPO in June of that year. (The company repaid the federal government loan in 2013.)

In April 2010, President Barack Obama visited Musk and toured SpaceX’s launch facility at Cape Canaveral Air Force Station in Florida during a trip to NASA’s Kennedy Space Center. In April 2016, Obama also took the lead in applauding the successful landing of a SpaceX rocket at sea.

“Congratulations to SpaceX for landing a rocket at sea. It is because of innovators like you and NASA that America continues to lead the way in space exploration.”

Musk immediately thanked him.

“Thanks to @POTUS on behalf of an amazing team at SpaceX!”

Musk’s divorce from Democrats comes as several government agencies are investigating Tesla.

The National Highway Traffic Safety Administration is investigating Tesla’s driver-assistance system, Autopilot. The company promises that its vehicles will be fully self-driving by the end of this year.

The SEC recently subpoenaed Tesla and Musk to settle in 2018 over the CEO’s tweets that he would take the automaker private.

The FTC is reviewing Musk’s Twitter bid on antitrust concerns, while the Federal Aviation Administration is reviewing SpaceX’s plans to launch a Nova rocket from Boca Chica, Texas.

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