This week, it was reported that billionaire Musk recently met with Trump and noted that the Trump campaign may seek to raise funds from Musk to close the funding gap with the Biden campaign.。In the rumor of the uproar, Musk personally responded!

On March 6, local time, Musk posted on X, "To clarify, I will not donate to any of the US presidential candidates.。"

As the election approaches, Musk's tendencies are under the spotlight.

The rumors are of concern to the outside world, mainly because the current situation of Musk and Trump looks very complementary。

On the one hand, Trump is now lawsuit-ridden, and rising legal fees are draining his campaign money, compared to the Biden campaign, which has a significant cash advantage.。Musk is one of the richest people in the world, with an estimated net worth of more than $195 billion, according to Forbes.。If you can get Musk's money, Trump's campaign money won't have to worry about.。

Musk, on the other hand, also appears to have an incentive to work with Trump。According to media statistics, Musk currently has at least 11 regulatory or legal disputes with the Biden administration and independent federal agencies.。If Trump gets Musk's financial aid and ends up winning the election, those legal battles are likely to have positive developments.。

In recent months, Musk has often spread far-right conspiracy theories about the Biden administration on X.。This can not help but make the outside world curious, whether Musk will tilt the Republican Party in both parties。Now, Musk's "no donations for any of the U.S. presidential candidates" remarks can reassure Democrats a little。

However, as a billionaire who often speaks in public view, Musk's comments and votes will still have an impact on public opinion.。Earlier this week, Musk criticized the Biden administration's immigration policies on X, calling them "treason."。

Although Musk has been at the top of the U.S. rich list all year round, he has always avoided getting himself deeply involved in the bipartisan battle, at least from what is currently known.。

According to data recorded by the Federal Election Commission, Musk has made a total of 19 personal political donations since 2020, all of which are small: $15,013 to Republicans and $11,218 to Democrats.。Musk's biggest donor was former House Speaker Kevin McCarthy of California.。From 2011 to 2017, Musk gave McCarthy $98,000, documents show。And these figures are nothing compared to his worth.。

The reason why Musk is so "stingy" on election donations may have something to do with his views on the electoral system.。

On March 6, Musk posted on X: "Politics is tribal, rather than logical."。A netizen commented at the bottom of the post: "We need to abolish the two-party system."。Let people vote according to their personal ideas。Musk replied: "Yes.。"

Tesla's market capitalization shrinks, falls out of top 10 U.S. stock market values

Although Musk is one of the richest people in the world, his wealth is currently shrinking.。That's because a large part of Musk's personal valuation comes from Tesla, but Tesla's stock price has been falling recently。

On Wednesday (March 6) local time, Tesla's share price fell 2.32%, at 176.54 美元。This week, Tesla shares closed down for the third day in a row, and the company's market capitalization has shrunk to $562.2 billion.。So far, Tesla has fallen out of the top 10 companies in the U.S. by market capitalization, the first time Tesla has fallen out of the top 10 since January 2023.。Tesla shares have fallen 29% this year.。

On the news, Morgan Stanley analyst Adam Jonas lowered his price target on Tesla stock to $320 from $345.。Reasons for the downgrade include slower revenue growth, lower profit margins and slower growth in Tesla's mobility plans such as autonomous driving.。

Analysts have also cut Tesla's delivery forecasts, and now expect Tesla sales to fall below 2 million in 2024, down from the 2 million widely predicted by Wall Street and up only about 10 percent from the 1.8 million in 2022.。It comes after Tesla's weak February sales in China added to concerns about its slowing growth and increased competition.。Analysts believe that despite Tesla's sharp price cuts, demand for electric vehicles in major markets, including China, continues to be weak。

According to the Federation of Passenger Cars, Tesla China's wholesale passenger car sales in February were 60,365, down 19% year-on-year and down 15% month-on-month..5%, the lowest level since December 2022。In January-February this year, Tesla China sold a total of 131.812 million vehicles, down about 6% year-on-year.。

Separately, Tudor Pickering analyst Matt Portillo also believes Tesla's stock price is under pressure.。"To justify the current equity valuation, Tesla needs a mass-market vehicle, and Cybertruck is clearly not going to be the solution," he said.。In addition, he also said that Musk has not yet fulfilled his promise of full autonomy over the years, which has also put pressure on the stock.。