Typical market manipulation move. He’ll probably announce something regarding bitcoin and the federal reserve today to artificially bump that up too.

  • TommySoda@lemmy.world
    40·
    2 days ago

    There’s literally no reason besides market manipulation. Even if he knew how to drive, the president is not allowed to drive for the rest of their life after being elected.

    • yesman@lemmy.world
      11·
      2 days ago

      Even if he knew how to drive, the president is not allowed to drive for the rest of their life

      • TommySoda@lemmy.world
        6·
        2 days ago

        It’s not a law, but more of a rule enforced by the secret service. Ever since JFK the secret service has restricted the ability of the president to drive outside of private property. There was one time during Obama’s presidency when the secret service went into an immediate panic when decided to drive around the white house.

        So I guess you technically could, it’s just an incredibly stupid thing to do. It’s an easy way to piss off the secret service and put your life at risk for no reason.

    • Voroxpete@sh.itjust.works
      49·
      2 days ago

      This isn’t even market manipulation. It’s one sale. That makes functionally zero difference to Musk’s bottom line.

      In fact, if you’re dumping Tesla stock because the brand image has been utterly destroyed by Musk’s actions, this is just more reason to sell. Trump openly associating himself with the car is just making that problem worse.

      The only good outcome for Musk here is if Trump’s cult all decide to follow suit, and that ends up being a win for the rest of us anyway since now all the “Fuck the environment” guys are suddenly driving electric cars.

      • kn0wmad1c@programming.devOPEnglish
        17·
        2 days ago

        The only good outcome for Musk here is if Trump’s cult all decide to follow suit

        That’s the manipulation

        • CmdrShepard42@lemm.ee
          3·
          2 days ago

          Except his cult is made up of trailer park dwellers that elected him because they couldn’t afford the $100 it takes to fill up their 2004 RAM 3500. Those people aren’t buying Teslas which is why their stock is down 50% since the beginning of the year.

          • kn0wmad1c@programming.devOPEnglish
            21·
            2 days ago

            Stock price isn’t based on what people are buying, it’s based on what people think the value of the company is.

            If the president endorses a product, the market as a whole values the company that makes said product more.

            Case in point, Tesla stock is up over $8 since Trump’s announcement.

      • Bob Robertson IX @discuss.tchncs.deEnglish
        3·
        2 days ago

        Let the ‘good ol’ boys’ know that the rolling coal equivalent for an electric vehicle is to connect the battery to the frame. That’ll really show the libs!

      • buddascrayon@lemmy.world
        1·
        2 days ago

        Yeah I really highly doubt any MAGAts out there are going to pony up to buy an electric car. LoL, Musk torched the base of people who were buying his dumb cars and now he’s paying for it.

        The all-too-slow decline of TSLA stock value is a daily source of joy for me.

        P.S. I’m also going to have a glass of wine in celebration when Bill Gates cashes in his short.

    • over_clox@lemmy.world
      22·
      2 days ago

      Ironically, presidents aren’t even allowed to drive.

      And even if they were, I wonder if Turnip even knows how to drive a golf cart, let alone an automobile…? 🤔

        • over_clox@lemmy.world
          61·
          2 days ago

          Daily internet challenge…

          Find any video footage of Turnip driving anything…

          Honorary mention for any legit evidence whatsoever that he even comprehends how wheels work, like does he even know how to ride a bicycle tricycle?

          No cheating, no AI, is there any evidence that the orange turnip knows anything about the wheel?

  • Blackmist@feddit.ukEnglish
    14·
    2 days ago

    Wow. Musk pays millions to get Trump elected.

    Trump offers to buy a single Tesla in response. Which he won’t do anyway, because he’s too cheap to pay for anything, so he’ll get given it for free and won’t drive it because he’s not allowed. He’s driven everywhere in The Beast which weighs about 10 tonnes.

  • Chozo@fedia.io
    11·
    2 days ago

    The executive branch isn’t allowed to endorse a product. It’s even more on-the-nose this time than with the Goya situation.

    Pretty sure he’s doing this intentionally to tie up the courts with frivolous, bullshit cases so they never get around to any important ones.

    • bamboo@lemmy.blahaj.zoneEnglish
      2·
      2 days ago

      Short of turning the white house into a Tesla dealership, I don’t think it could be more on-the-nose than the Goya situation.

      Trump advertising Goya beans on the Resolute Desk in the Oval Office

  • DaddleDew@lemmy.world
    10·
    2 days ago

    I wonder how his fans will react to that. Will they get angry that their idol buys a “woke” electric car or will they suddenly wish they could afford one too?

  • MyOpinion@lemm.ee
    4·
    2 days ago

    Sounds like our actions are having an effect. Not one more penny to Elon the Nazi.

  • yesman@lemmy.world
    2·
    2 days ago

    Tesla has been due for a correction since forever. A single car company couldn’t be worth $1T unless they sold every car in the American market, new and used.

    Tesla’s value was always a bubble and I’m gratified by the popping sound.