• Lit@lemmy.world
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    2 days ago

    Commerce Secretary is heavily invested in tesla stock.

    dump that stock.

    make the bank collect on Elon tesla stock loan collateral.

    make Elon pay taxes on that stock.

  • Yerbouti@sh.itjust.works
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    2 days ago

    This is most probably illegal, even in the US. But, oh well, it’s just Wednesday in naziland.

  • ArseAssassin@sopuli.xyz
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    2 days ago

    Next week they’ll probably try to rename the country as United States of America sponsored by Tesla Motors.

  • splonglo@lemmy.world
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    2 days ago

    People who take this advice are going to be disappointed when Tesla gets outcompeted by every other EV company and it drops to zero. It’s just like the trump shitcoins. Just scamming their base at every turn because they’ve gotten used to lying about everything without consequences.

    • Match!!@pawb.social
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      2 days ago

      matter of time before Seattle starts disregarding tariffs and dumping teslas into the harbor

  • Birdie@thelemmy.club
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    2 days ago

    When the government starts promoting particular products, whether it’s Goya beans or Teslas, there is a line being crossed. This administration is completely topsy-turvy.

  • nxn@biglemmowski.win
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    2 days ago

    “Elon Musk is probably the best person to bet on I have ever met,” said Lutnick. “And I think, we all know that, I mean, gosh, in the same week that he saves astronauts with his rockets that he invented — imagine that. He’s building, he’s building the coolest robots you’ve ever seen. Go online and look up ‘Optimus’ — it’s the coolest thing you’ve ever seen, we’re all gonna be buying robots, they’re gonna cost about $30,000, you’re buying a Tesla robot, and anybody who doesn’t buy a Tesla robot is gonna be silly, no one’s gonna be keying anything. Elon Musk is the best entrepreneur and technologist in America and I’d bet on him — I wish I was allowed, but I’m not allowed to buy any stock!”

    Thank you for this transcript. I doubt I could have made out anything of what Lutnick was saying given how deep into Elon’s asshole his tongue appears to be.

  • GaMEChld@lemmy.world
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    2 days ago

    Encourage the public to buy it while executives unload millions, yeah, wonder why they are recommending that.

  • A_norny_mousse@feddit.org
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    3 days ago

    Remember Trump 1.0 selling beans straight from the White House?

    Apart from that, TSLA most certainly is not good to bet on, despite its owner being one of the richest and most powerful people in the USA rn.

    • CosmoNova@lemmy.world
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      3 days ago

      It‘s a bad bet because he is so insanely rich and powerful. Just take a look at Putin‘s Gasprom. Oligarchs know how to extract money out of a company before lesser oligarchs can get their hands on it. Avoid any stocks that are too close to the government right now.

      • Possibly linux@lemmy.zip
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        18 hours ago

        It is frankly a terrible business move for a company to align itself with the government.

        I think it is funny that Zuck decided to align himself with the administration. I’m sure it was to avoid being thrown under the bus by Trump but I don’t think it is helping there general PR.

    • jonne@infosec.pub
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      3 days ago

      Eh, as long as he stays in Trump’s favour, Tesla will get a bunch of government contracts to keep them afloat. There was already the state department contract, they can keep slinging more contracts his way of they like.

      • shrugs@lemmy.world
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        2 days ago

        Government needs to buy a hell of a lot of cars to minimize the losses Tesla is reeking in everywhere else.

        EV sales grew by 27% still Teslas is down 70% in Germany.

        Btw. who should drive them if all government workers get fired?

    • Lost_My_Mind@lemmy.world
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      3 days ago

      I do not remember trump selling beans. It honestly sounds more like something from the Carter playbook. I can imagine Carter with a nice little bean farm. I cannot envision trump doing even miniscale farming.

  • katy ✨@lemmy.blahaj.zone
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    2 days ago

    tesla must be loving their image shifting from a “cool tech company” to a brand only loved by insufferable partisan pricks.

    • immutable@lemm.ee
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      2 days ago

      Brand that old uncool politicians go on tv and beg people to buy.

      Good thing American consumers love desperation.

  • Clevererhans@lemmynsfw.com
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    2 days ago

    So much for the old “the government should not pick winners and losers!” line conservatives used to swear by…

  • frazw@lemmy.world
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    3 days ago

    Except for the fact that he is single handedly responsible for a massive decrease in teslas value. I would not bet on anything he touches because even if he were loved inside the US, he is now despised everywhere else. Tesla was built on left wing progressive ideals and so was spacex, and solarcity, etc etc. Musks turn to the right betrays all of those who liked his companies for ideological reasons. I don’t expect tesla stock to recover any time soon.

    • BedSharkPal@lemmy.ca
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      2 days ago

      This.

      Not sure how he imagined a hard pivot from the left to the right was going to pan out.

      Early on I was a huge fan and kept telling others he wasn’t like the other CEOs, it wasn’t about the money. It became obvious a couple years ago I was horribly wrong. The worst part is some of the people who distrusted him before now are all in.

      These people are not charismatic at all, I don’t get how they keep fooling people.

        • BedSharkPal@lemmy.ca
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          2 days ago

          Yeah at that point I was still believing his BS about how it wouldn’t be good for the employees or the company. I just got hopped up on someone finally helping stop climate change in a meaningful way.

          Simpler times…