I don’t understand the power of trump over this guy. Isn’t he richer than trump? Didn’t trump posted a derogatory tweet about him saying something like “he’ll kneel if I’ve asked”
Trump is just a tool like himself, but trump is a favorite of much richer than him putin.
BTW, Elon publicly showed off behavior when there were those boys caught up in the cave, but he really did a massive switch right in the middle of 2020 where Tesla stock got an unexplained price spike. It feels like foreign governments put some money there. I'm wondering if the bonus he got recently was getting that money out.
Lol, it was not unexplained. They'd gotten over the model 3 problems looming over the company and were starting to bring in very high profits per car as well as having profitable quarters. Once that happened, that also made entry into the s&p500 a possibility which if happens, typically also drives the stock price up as billions of *(dollars of) shares get bought up for ETFs and removed from circulation due to being held longer and not traded.
It was obvious to anyone watching it that something was going to happen IF the model 3 was a success and they became profitable. The risk was were they going to pull it off, and there was legitimately a point where they almost didn't.
As soon as those crazy high margins dropped off years later, the stock came down hard.
Edit: they'd also been getting credit rating increases prior to this, which was a lead up to the S&P500 inclusion, which were bullish signals.
If Trump cancels EV subsidies or pressures NASA to stop bankrolling SpaceX, Musk is basically fucked.
That is why Trump said that.
As with most giant corporations, if the government stopped heavily subsidizing them in many direct and many more indirect ways, they would basically collapse under their own incompetence quite quickly.
Its truly funny to watch libertarian types pretend they built their empires from the ground up, when the truth is that they basically always started from a very privileged background, more or less did shady things bordering on or actually being fraud, got some of their parent's or parent's friends to invest, and then grew further from massive government aid of one kind or another.
The family were rich: a punt on an emerald mine by Errol Musk, an engineer, had delivered a fortune. But he and Maye, a model from Canada, left raising Elon and his younger siblings, Tosca and Kimbal, to black servants.