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Tesla hits $1tn market value after Musk-backed Trump win (www.theguardian.com)

submitted 3 days ago by BrikoX@lemmy.zip to c/teslamotors@lemmy.zip

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Car company’s valuation saw sharp rally on growing bets CEO would reap the benefits of his support for president-elect

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[–] BrikoX@lemmy.zip 18 points 3 days ago (3 children)

Fascism pays I guess.

[–] Sanctus@lemmy.world 7 points 3 days ago (1 children)

Historically, its the oligarchs who pay the fascists so this is right in line with the quid pro quo orgy. The stock vibes are helping Trump get that quid pro quo easy. The bumps the stocks have right now are the bodies piling beneath them already.

[–] pdxfed@lemmy.world 3 points 3 days ago (1 children)

The bumps the stocks are getting are the future bodies that they know can be piled when agencies are defanged, supreme Court will be able to overrule many challenges, any legislation can be passed or existing laws mangled or removed.

[–] PunnyName@lemmy.world 2 points 3 days ago

This country is done. Put a fork in it.

[–] DarkCloud@lemmy.world 1 points 3 days ago

Gonna pay a lot more if they crash the economy to do a wealth transfer to themselves:

https://www.independent.co.uk/news/world/americas/us-politics/elon-musk-economy-trump-hardship-b2637850.html

[–] PunnyName@lemmy.world 1 points 3 days ago

Always has.

[–] Didros@beehaw.org 5 points 3 days ago

Profits? Negative millions.

"Value" 1 trillion dollars pinky in mouth