Musk: The Democrats in the US have become a hate party and I will support the Republicans (09:33) – 20220519 – Instant Financial News

He added that in the past he supported Democrats because “they were (mostly) good-will parties”, but now he has changed his mind. “They’ve become a party of division and hate, so I can’t support them anymore, I’m going to vote Republican.”

U.S. stocks tumbled, Tesla tumbled to its lowest level this year, and Musk’s fortune shrunk by $12.3 billion. On the other hand, shares of Twitter, which was acquired by Musk, have also been under pressure. Musk has lost $49 billion since launching the acquisition of Twitter last month.

Musk remains the world’s richest man with a fortune of $209.9 billion, according to the Bloomberg Billionaires Index. His fortune has lost $60.4 billion this year, trailing only Binance CEO Changpeng Zhao’s $81 billion and Amazon founder Jeff Bezos’ $62 billion.

In the past I voted Democrat, because they were (mostly) the kindness party.

But they have become the party of division & hate, so I can no longer support them and will vote Republican.

Now, watch their dirty tricks campaign once morest me unfold … ????
— Elon Musk (@elonmusk) May 18, 2022

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