It is almost like our glorious leader does not know what he is doing.
this post was submitted on 10 Mar 2025
188 points (98.5% liked)
News
26876 readers
5857 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
The "Magnificent Seven" cohort — once the stars of this bull market — led the declines Monday as investors dumped the group for perceived safer plays. Tesla tumbled 13%, heading for its worst day since 2020
https://en.wikipedia.org/wiki/Wealth_of_Elon_Musk
Having been first listed on the Forbes Billionaires List in 2012,[4] around 75% of Musk's wealth was derived from Tesla stock in November 2020
In terms of out-of-pocket costs for the Trump presidency, Musk is paying considerably more in terms of stock losses than in the ~$300 million he donated to the campaign.
As shares of Tesla Inc. lose ground, the company's chairman and presidential adviser Elon Musk is losing big.
Forbes, which maintains a real-time billionaire wealth tracking tool, estimates the 53-year-old was worth $342.4 billion as of the close of business Thursday, down a whopping $121.2 billion from its all-time high of $464 billion, set Dec. 17. He's still the richest person in the world, however.
That's not just due to Trump being re-elected and Musk's very public role there, but it sure doesn't help.
They make money when stocks go down when they short them.
So pretty sure he knows what he is doing.
Step 1: Sell stocks
Step 2: Crash the entire economy thru sheer ineptitude
Step 3: buy stocks, and then let adults recover the economy.
Repeat as necessary.
That churn makes a shit ton of money for a shit ton of terrible people.
Republicans don't give a shit which way the numbers go as long as they knew it was coming, either way you can "make" money, by exploiting people trying to play the same game without the same insider information.
Our entire economy is a fucking grift and we need to admit it
One thing is for sure: the insider traders we may or may not have elected to office are not breaking a sweat.
"Tesla is going down the toilet" is not insider information.
I remember the last crash, Dow hit 7,800. People at work were literally crying because their 401K evaporated overnight.
I was like "Wait, isn't this a GREAT time to buy?"
8 years of Obama later...
Anyone of these dumb dumb could have read a history book.
Tanking the Dow is a wild way to avoid recession...
For a moment i thought that that’s Commander Adama on the bridge of the Galactica
Ha I can see it
I only saw the MST3K version of Bride of Galactica.
Like the economy was soaring and they wanted to rebuild from scratch. Are we winning yet?
Welp time to buy!
Trump has ruined the stock market so much.