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President Trump Steel Tarriff to 50% (Back to 25%) on Canada
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Another day, another round of Trump deliberately shorting the entire Global stock market for billionaire gains. He's single-handedly managed to highlight every single flaw in both democratic government, and integrated global neoliberal economics.
Buy the dip. He'll make a strategic announcement to rebound the market within a week. |
Meanwhile Canada have increased the price they sell electricity to the USA ...this is going well
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What a **** show
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The trumpettes are real quiet huh
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He's ridiculous.
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Overnight
President Trump changed 50% back down to 25% |
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:worry: :joker: |
The tesla shareholders are going to be really pissed because musk brought this on himself
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No wonder Trump was squeezing himself into a far too small Tesla yesterday :laugh:
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A lot of Tesla's share value is from the electric vehicle mandates. If they wanted to punish Elon they would get rid of those.
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Also the fairly obvious issue that Trump/MAGA/that-side-of-the-fence are climate change denialists and NASCAR fans who want big, loud, American muscle and trucks... not electric cars. He's alienating his core market. Half of them also don't believe in outer space and think Mars is a myth. :shrug: |
Oh also -- and this is a little factoid that I really enjoy -- Musk did not buy Twitter outright in cash. He bought it on credit, leveraged against Tesla stock. If Tesla stock value drops too low, the lenders could consider the debt unleveraged which would allow them to repossess and sell X. Hahaha.
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…so with the Tesla shares/stocks plummeting so quickly, has Musk made himself not the richest person in the world …?…
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If this trajectory for him continues though he'll be over-taken by Zuckerberg, and not long after that, Bezos (previous richest individual not that long ago). |
Really the important thing to note is that when we're talking about this money - it's almost ALL in terms of net worth/stocks/financial holdings not physical assets or currency. It's "theoretical money" not money with liquidity that they actually have in the bank - which is why he can be "technically so rich" but still in trouble when it comes to things like X which is leveraged on stock. Market fluctuations can make billions appear or disappear over-night. A sustained drop can mean that lenders swoop in and take everything.
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…I just think of all of the ways that America could have been made great again with a donation injection of $100 billion….instead it’s just blown away in the wind…. |
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He and his team have open access to all US citizens data, including all his competitors. He has AI models churning through the data. That gives him access and advantage that no-one else has previously had. Tesla and X are basically throw away toys now |
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