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SCantiGOP

(14,638 posts)
Tue Aug 13, 2024, 10:28 AM Aug 2024

Musk played Trump for a chump

Stock prices for Tesla and Trump’s media company have both been slumping badly for several weeks. Tesla stock is down over 22% for the past month, and DJT down more than 42%.
When Trump agreed to appear on an interview last night on Twitter-X with Musk, Trump posted a promo about it on X, breaking his years-long pledge to only post on his own social media network.
The effect of Trump seemingly abandoning his forum in deference to the much bigger Musk platform? Approaching midday this morning, Tesla stock is up 3.8%, while Trump stock is down over 4%.
While both rich nepo babies are crazy, one actually understands how to make money with a company.

8 replies = new reply since forum marked as read
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Musk played Trump for a chump (Original Post) SCantiGOP Aug 2024 OP
Hilarious Johnny2X2X Aug 2024 #1
DJT is still massively overvalued VMA131Marine Aug 2024 #2
Suckers and Losers BoRaGard Aug 2024 #3
What does tesla have to do with x? getagrip_already Aug 2024 #4
You're right SCantiGOP Aug 2024 #6
If that's. Musk. His ego is obviously bigger than any business sense he has. bullimiami Aug 2024 #5
Trump stock posted a quarterly loss yesterday so that's why its down again. ZonkerHarris Aug 2024 #7
Musk's biggest actual skill seems to be stock manipulation ProfessorPlum Aug 2024 #8

Johnny2X2X

(23,656 posts)
1. Hilarious
Tue Aug 13, 2024, 10:35 AM
Aug 2024

Literally the only value Truth Social has is Trump posts there and if he would win in November he will make Truth Social the noffical US government platform for all communications. Him doing something on Twitter was stupid, if he was smart he'd have had Eolmo come to Douche Social.

VMA131Marine

(5,139 posts)
2. DJT is still massively overvalued
Tue Aug 13, 2024, 10:35 AM
Aug 2024

But, I expect it will continue to hold some value until the election. Assuming Trump loses, it will become basically worthless.

getagrip_already

(17,798 posts)
4. What does tesla have to do with x?
Tue Aug 13, 2024, 10:44 AM
Aug 2024

Other than they are both stained by musk that is?

Musk didnt get good press from that event, he bungled a small livecast.

Not a tech success by any means.

If tesla went up, it was unrelated to the interview.

SCantiGOP

(14,638 posts)
6. You're right
Tue Aug 13, 2024, 11:17 AM
Aug 2024

It’s a bit of a stretch, but I think there is some overlap between Tesla and X. And X is up today while DJT is down.

bullimiami

(14,071 posts)
5. If that's. Musk. His ego is obviously bigger than any business sense he has.
Tue Aug 13, 2024, 10:46 AM
Aug 2024

In the end it’s likely that everything Elon built will crumble to shit.

ProfessorPlum

(11,461 posts)
8. Musk's biggest actual skill seems to be stock manipulation
Tue Aug 13, 2024, 11:26 AM
Aug 2024

much of which is/should be illegal and would be pursued if we actually had a functioning SEC and the rule of law.

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