Elon Musk endorsed JD Vance for a potential VP pick for the Trump administration, causing a stir.

The Biden campaign accused Musk of leveraging his wealth for political influence.

Musk's shift from Democrat to Republican has raised concerns about his priorities and fiduciary responsibility to Tesla investors.

Possible changes to EV tax incentives under a Trump/Vance administration are a concern for Tesla investors.

Despite political uncertainties, Tesla's stock boosted following strong second-quarter deliveries.

Tech analyst Gene Munster believes a favorable government environment could support Tesla's autonomous driving ambitions and drive up stock.

Silicon Valley tech elites, including Musk and Andreessen Horowitz, are openly backing Trump over concerns about Biden's Big Tech regulation stance.

Biden's fundraising challenges post-debate have allowed Trump to surpass him in campaign funds, raising concerns about Biden's competitiveness in the upcoming election.

Investors are speculating about the impact of Musk's political activities on Tesla's future trajectory.

There is a noticeable trend of the tech industry shifting towards supporting Trump.