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'Problem for Tesla': Dems flee automaker over Musk’s Trump endorsement (www.rawstory.com)
submitted 1 month ago by [email protected] to c/[email protected]
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But Musk later changed his mind, reportedly donating $45 million a month of his money to the pro-Trump political action committee American PAC.

`Nuff said. CEOs are often Republican, but to be this outspokenly political is normally a bad thing for CEOs like Musk. Media company heads (and Twitter/X is a media company) are supposed to at least pretend to be neutral.

And catering to the far-right seems like a bad idea if your company makes EVs. But what do I know?

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[-] [email protected] 5 points 1 month ago

You mean the 4% drop that happened after the ginormous 27% bump that happened, basically resetting their price to where they were a few months ago? I'm sure musk is hurting real bad. Articles like this just infuriate me.

[-] [email protected] 7 points 1 month ago

Tesla stock has never been based on any real metrics or logic. It'll be interesting to see sales over the next quarter.

[-] [email protected] -2 points 1 month ago* (last edited 1 month ago)

Most of the stock market growth is due to things like buybacks.

[-] [email protected] 1 points 1 month ago* (last edited 1 month ago)

Tesla's down overall for the year. I agree its still comically overvalued. But big investment firms and hedge funds are still more than willing to prop it up, seemingly indefinitely. This isn't liberal democrats fleeing the brand, because liberal democrats aren't the ones doing all the HFT.

this post was submitted on 22 Jul 2024
134 points (97.2% liked)

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