Tesla Vs. Nvidia Stock Performance Under Biden Might Reveal Truth About Elon Musk's Support For Trump

Elon Musk's endorsement of Donald Trump's 2024 presidential campaign might seem surprising to some, especially given Musk's past political inclinations.

Once a supporter of Democratic candidates, he voted for Barack Obama in 2008, 2012 and Hillary Clinton in 2016, Musk publicly soured on the party in recent years, and turned his focus to Trump's bid to retake the White House.

Musk's shift might seem ideological on the surface, but a closer look suggests his motivations may be less about politics and more about money.

Musk's support for Trump, and his fierce rejection of Vice President Kamala Harris, aligns closely with the performance of his biggest asset: Tesla Inc. (NASDAQ:TSLA).

✋ https://t.co/9ofZwRQHGU

— Elon Musk (@elonmusk) November 4, 2024

Tesla: Thriving under Trump, Lagging under Biden

To understand Musk's motives, it's crucial to examine Tesla's stock performance during Trump's presidency compared to Biden's.

During Trump's term from November 2016 to November 2020, Tesla stock surged by an astounding 987%, ...