Media whiffs on tying business predictions to politics
January 12, 2021
Elon Musk, CEO of Tesla and SpaceX, is now the richest man in the world. Surpassing Amazon’s Jeff Bezos and Microsoft’s Bill Gates, Musk has pioneered transportation advancement and opened the public up to the world of space travel. The bets weren’t always placed on the South African CEO, as an outspoken critic of leftist political schemes, the media was convinced he had just committed business suicide.
It seems they were wrong, as Tesla stocks soared along with Musk’s net worth, which is now at approximately $135 billion.
This comes after people planned to boycott the tech company over Musk’s tweets criticizing the recent pandemic lockdown.
Jeff Bezos was the opposite, the Amazon executive, despite being the epitome of capitalistic success, has earned staunch support from leftists. His newspaper, the Washington Post remains a consistent critic of conservative ideas.
In 2019, Vice reported, “The buying public is on the left side of a lot of culture-war issues.”.
With boycotts called constantly and politicians bashing brands, coming out as conservative is supposed to be a death sentence for business.
Time and time again, this has not proven to be the case. Musk heading Tesla is the best example to date.
After Tesla’s move to Republican-led Texas from Democratic stronghold California, the tech mogul’s worth soared. The opposite effect the media wanted from the attempts to criticize, and progressives’ cries to boycott.
Companies with conservative ideals seem to be thriving even against mainstream media’s stance that the conservative is on the wrong side of history. If that were true wouldn’t the value of companies touting right-leaning executives tank, and ultimately destroy business?