No one said this. What I'm countering is the commonly used statement that he is only motivated by money and him being in Trump's ear is all about self promotion. It's nonsense though, we can play these games from which point we want to measure stock performance to make it seem like his losses are a lot or a little, but fact of the matter is these recent polices are net negative. Tesla crashed harder than any of the mag 7 by a large margin, and it's not just because of its beta.

This post was edited by ofthevoid on Apr 8 2025 11:50am

I don't think there's really any games, fairly certain endorsement till fall out or whatever happens happens is probably how it should be measured for immediate, long term performance, with Tesla, it probably hinges on Musk's next big breakthrough more than anything else.

Lets be real, what happened immediately following him tossing up his little troll "hand gesture. Act like a tool face the repercussions of acting like one. You're going to immediately lose market confidence. It's basically a daily fall from that moment onward. Probably makes sense that the fall is not just his beta when he's doing absolutely dumb shit like that for self indulgence. What investor confidence is there if a guys now acting like an absolute tool and troll on the world stage, i'd be considering taking my money out of that ticking time bomb too if was there at that moment. Pretty understandable pullout, if you're an investor and this is what this guys pulls at the first ceremony you have to be shitting your pants.

This post was edited by SBD on Apr 8 2025 12:05pm

The hand gesture is a nothing burger lmao. Demand growth in EVs plummeting, multiple compression in mag 7, Elon not getting a bunch of gifts just because he's friends with POTUS are the actual reasons.

You have to chose one, either Elon is in to get rich and influence the president towards policies that he wants and we see tangible proof or he's not. Plenty on the left have made the case that it is all about money. Stock tanked, a bunch of policy like tariffs go into place that hurt Tesla, so no tangible proof of benefit but now you want to pivot to some hand gesture for reason of stock dropping?

Yes, I think people put investment in Elon in creating innovation and his erratic actions lead investors losing confidence in the guy. It was a freefall from that moment forward for him. I am not saying it was just a hand gesture, I am saying his entire demeanor an actions in general. He became an even more lose cannon and Tesla's stock is not built on cars its built on him leading the path of innovating automation to the next stage. Act like a retard, and people are going to lose confidence that you're going to be the one to do that. People have bet on him as a person for a decade, and certainly as far as wealth goes from latching onto Tumps nuts, its fair to say the entire market believed that it was for beneficial power and or company wealth creation, hence the parabolic increase.

This post was edited by SBD on Apr 8 2025 01:21pm

there's some truth here but you're starting from a false premise. as if before he endorsed trump he had ANY amount of credibility with people. he's the same guy that randomly called a scuba diver "pedo guy" in 2018 when those kids got trapped in a cave. he's always been erratic, this isn't chapter 1 or 2, this is chapter 100 in erratic elon behavior. and all of those chapters cost him insane amounts of money. hard to accept but elon became the richest man on earth while constantly shooting his own feet. Bezos has a clinically scrubbed clean persona he's spent years crafting, and he's in 2nd place behind a guy who calls people pedos and shitposts on twitter.

I think there's erratic, and then there's erratic guy on the world stage with the POTUS's ear, or perceived to be that way.

Going to be honest, I rarely paid attention to the guy outside investing. I consider myself to be a normal, probably average on being up on things. And while he clearly had attention of people being this figure, especially on something like WSB, I don't think he had the entire worlds eyes on him as much as he did now wearing that MAGA had whispering into Trumps ears. That's a new level of attention and I think people starting seeing the cracks a little more looking that close.

It's with all hopes he can step away, fade into the background for a little while and come up with his next big announcement. Remove the spotlight, and I don't think it will take long, there's soo much other commotion in the world now, if he wants to step away, he will be yesterdays news within a month while all eyes sit on the spat with China.

can't argue that the MAGA alliance gave Elon 100x more attention. my only point was that if we're saying he joined the whitehouse to enrich himself, given 15 years of history of Elon we can look back at, that may be the first time he acted in his "own interest". he's been actively sabotaging himself and his own businesses for his entire career. he's got like 10 babies with his employed underlings. he goes on tv and tells people not to buy his stock because its overpriced. but then one day he wakes up and decides joining the whitehouse is how he'll take over? he was already the richest man on earth, despite actively trying not to be the richest man on earth. it just doesnt track.

sam is butthurt he didnt get a bet paid out and got ghosted, so he paints elon as a super villain bent on world domination with a defining goal to seize world control. when elon being a level 10 wierdo eccentric autist is far closer to the truth.

It's funny how the story from the TDS crowd when Elon bought Twitter was "lol he just threw away 44 billion dollars and destroyed Twitter" now it's "everything he does is to enrich himself" now that his purchase was successful and he grew X into a far better product than Twitter ever was and made all the money back with his monetization scheme (which the same people were also saying wouldn't work, lol). He took a huge risk and it paid off

The fact is that Elon has done these things and taken these risks to pursuit of the common good, and because he has done such diligently he was naturally rewarded for it

This post was edited by El1te on Apr 8 2025 02:44pm

one doesn't become a maga zombie instantly

it's a process

as he said, " am become meme"

Didn't he sell X to himself? I don't believe anybody else would have paid 44 billion for the shithole it currently is