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Elon Musk is finding out why Warren Buffett steers clear of politics
- Elon Musk's involvement in the Trump administration caused backlash against Tesla, damaging the company.
- Warren Buffett avoids politics to prevent negative repercussions on his employees and shareholders.
- Musk's political foray, in contrast to Buffett's stance, has drawn criticism for potentially hurting Tesla.
- Musk supported Trump's campaign, leading to protests, boycotts, and vandalism against Tesla.
- Despite Musk's shock at the violence, he has faced backlash for his political affiliations.
- Buffett explained his decision to abstain from political endorsements to protect Berkshire's reputation and stakeholders.
- Lux highlights Musk's goal of influencing US policy for his Mars mission, contrasting with Buffett's focus on consistent returns.
- Musk's support for Trump's campaign was seen as a strategic move for SpaceX, benefiting from FCC decisions.
- Critics argue the backlash against Musk's political actions has resulted in lost sales and brand damage for Tesla.
- Business leaders, like Musk, need to evaluate the risks of political involvement impacting their companies and public image.
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