[arista]

https://www.theguardian.com/business...ness-live-news


Stocks are Tumbling down.

[user104658]

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.

[Cherie]

Meanwhile Canada have increased the price they sell electricity to the USA ...this is going well

[user104658]

Originally Posted by Cherie

Meanwhile Canada have increased the price they sell electricity to the USA ...this is going well

It makes no sense, even if they were genuinely pursuing US isolationism... you build the self-sufficient infrastructure first and then make moves to end or reduce international trade. Not the other way round, lol... they'll need Canadian resources to build the stuff they'd need to build to generate their own resources. It's all utter nonsense, thus why I'm convinced it's a scheme to harvest as much $$$$$ as possible over the next 4 years and then hand the ruined economy back to someone else.

[Niamh.]

What a **** show

[Glenn.]

The trumpettes are real quiet huh

[joeysteele]

He's ridiculous.

[arista]

Overnight
President Trump changed 50%
back down to 25%

[Cherie]

Originally Posted by arista

Overnight
President Trump changed 50%
back down to 25%

okay....

[user104658]

Originally Posted by Quantum Boy

Buy the dip.

He'll make a strategic announcement to rebound the market within a week.

Originally Posted by arista

Overnight
President Trump changed 50%
back down to 25%

his chaos is becoming a very predictable chaos.

[Ammi]

Originally Posted by Quantum Boy

his chaos is becoming a very predictable chaos.

…it’s all about the money, honey…there ain’t no quick dollar like a chaos dollar…

[user104658]

Originally Posted by Ammi

…it’s all about the money, honey…there ain’t no quick dollar like a chaos dollar…

[bots]

The tesla shareholders are going to be really pissed because musk brought this on himself

[Cherie]

No wonder Trump was squeezing himself into a far too small Tesla yesterday

[James]

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.

[user104658]

Originally Posted by James

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.

If European leaders have genuinely had enough they could financially end Musk with a few policy tweaks. Europe is far too big a market for him to be messing around like he has been, I've noted he's an awful lot quieter recently.

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.

[user104658]

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.

[Ammi]

…so with the Tesla shares/stocks plummeting so quickly, has Musk made himself not the richest person in the world …?…

[user104658]

Originally Posted by Ammi

…so with the Tesla shares/stocks plummeting so quickly, has Musk made himself not the richest person in the world …?…

Not yet, he was too far ahead - he has lost over $100 billion though. The insane part being of course, that he can have lost $100 billion and still be richest.

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).

[user104658]

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.

[Niamh.]

Originally Posted by Quantum Boy

If European leaders have genuinely had enough they could financially end Musk with a few policy tweaks. Europe is far too big a market for him to be messing around like he has been, I've noted he's an awful lot quieter recently.

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.

Very true

[Ammi]

Originally Posted by Quantum Boy

Not yet, he was too far ahead - he has lost over $100 billion though. The insane part being of course, that he can have lost $100 billion and still be richest.

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).

…I’m not sure who the other big Tesla share holders are but I imagine he’s not so popular with some people of big money and power atm ….

…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….

[Niamh.]

Originally Posted by Quantum Boy

Not yet, he was too far ahead - he has lost over $100 billion though. The insane part being of course, that he can have lost $100 billion and still be richest.

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).

Imagine losing 100billion and still being the richest person in the world, it's sickening

[bots]

Originally Posted by Niamh.

Imagine losing 100billion and still being the richest person in the world, it's sickening

it's actually impossible to quantify how rich musk will become over the next few years, but it's astronomical.

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

[Niamh.]

Originally Posted by bots

it's actually impossible to quantify how rich musk will become over the next few years, but it's astronomical.

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

**** yeah, jesus, that's bad, it's seems like such a breach of power and trust, America is a mess