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#investing #elonmusk #uspolitics

Fatal mistake. There will be an inevitable falling out of the Trump / Musk marriage of convenience. Nobody can stand next to Trump without getting a knife in the back.

My investment advice: short #TSLA. Everything Trump touches turns to shit.

fortune.com/2024/10/26/elon-mu

Fortune · Musk gives at least $132 million to elect Trump, GOP alliesBy Bill Allison

@CheapPontoon keep in mind that the reason Musk is supporting Trump is in part because he's already had a knife in the back.

The whole Trump thing is based on bringing down a system that people feel has betrayed them. It really is about tearing down, not building up. And so at this point Musk has felt so spurned by the status quo that he might as well join in the table flipping.

So inevitable falling out isn't much of a threat for him. Yeah, Trump's going to screw him over, and I bet he knows that very well, but the powers that be are already screwing him over, so he might as well try to be screwed over by someone different in case it leads to something better down the road.

Trump is a system of a failed system, not a cause. It was entirely foreseeable. We should have, and we should, focus on fixing the system so that people don't resort to folks like Trump.

@CheapPontoon @volkris

Elon Musk is the world’s richest man. He controls 2/3 of the satellites in orbit. He casually purchased one of the world’s most important social media networks. He extracts vast wealth from the workers he controls and from the publics of states with which he has signed parasitic service contracts. He violates immigration, labor, drug, and electoral laws without consequence.

The idea that “Musk has felt…spurned by the status quo” is so trivially absurd that it’s hard to believe you’re doing anything but churning out low-rent propaganda for some employer. Who would seriously and unironically believe this? The entire global status quo exists to service him and his reactionary preferences.

@HeavenlyPossum @CheapPontoon @volkris

Agree with much of what is said in this thread. The question is why Elon thinks the system is evil/broken because it sometimes creates some obstacles. In the end he he has created en enormous wealth within this system. As a very public CEO it would be wishful thinking to expect everyone will worship you. His current actions alienates a great part of his loyal supporters through a decade++.

@volkris @dagb @CheapPontoon

Musk hasn’t created anything. He has captured revenue streams, but he does not actually make anything.

@HeavenlyPossum @volkris @CheapPontoon Any way you look at it, both SpaceX and Tesla was high risk companies. Both are now industry leading, which are both impressing and frightening at the same time,

@HeavenlyPossum @volkris @CheapPontoon This is abvoiusly not true. He did not found Tesla, but the achievement of making an EV maker a success is quite astonishing. Every new car manufacturer for almost 100 years have failed before that.

@dagb @volkris @CheapPontoon

He did not make anything. He used wealth inherited from an apartheid emerald mine to purchase control of the labor of other people, lobby for regulatory capture, and con investors via an inflationary asset bubble. Musk has never built anything or usefully labored in his life.

@volkris @dagb @CheapPontoon

Yes, he engaged in a lot of performative theater. What do you imagine he was doing, welding car frames? Wiring cars? He wasn’t actually performing labor. He’s not qualified or trained as an engineer, or a programmer, or a designer, or a tradesman. Every actual professional who has worked with him and reported about it has described him as a dilettante with outlandish and impractical ideas that have to be translated into something plausibly useful by people who actually know what they’re doing.

@HeavenlyPossum @volkris @dagb @CheapPontoon I’ve heard this many times “In June 2009, Tesla was approved to receive $465 million in interest-bearing loans from the United States Department of Energy. The funding, part of the $8 billion Advanced Technology Vehicles Manufacturing Loan Program, supported the engineering and production of the Model S sedan, as well as the development of commercial powertrain technology. Tesla repaid >>

@HeavenlyPossum @volkris @dagb @CheapPontoon >> the loan in May 2013, with $12 million in interest. (Wikipedia)” SpaceX, NASA and United States Armed Forces have a symbiotic relationship, bounded together by governmental contracts. (Wikipedia) What I know about these firms’ labor relations is that they have workers committed to the projects yet extremely exploited. For the safety of the planet, increasing worker governance is indicated.

Alice Dubiel 🔬💉🦠😷🌬☮️

@HeavenlyPossum @volkris @dagb @CheapPontoon It’s clear to me the US, and as a result, the world are suffering from the oligarchic whims of underregulated capitalism/industrialization, not the least those hoarders of common wealth who crave political power. Now appears an interesting opportunity to negotiate when so many workers and progressive international agencies have honed their skills in analysis, strategy and struggle.