Is Elon Musk in Trouble?

[rareboy]

Oh the fake salute controversy again? Ha ha ha, no!

what utter bullshit.

 

[KaraBulut]

The Daily Show took on Kanye, Teslas and Elon. Preview: "Nazis bad!".

View attachment The Daily Show-Ricky Velez's Advice to Trump, Elon & Kanye Supporters Dealing with Buyer's Rem...mp4

 

[KaraBulut]

Not quite down to the pre-election low of ~$215/share but getting there... Elon has lost over $100 billion in personal wealth since the election.

 

[rareboy]

 

[KaraBulut]

^Mark is from Wisconsin. He represents US House District 2. His neighboring district is WI-03 and is represented by Derrick Van Orden, a Republican. Rep Pocan has invited constituents from WI-03 to attend his Town Hall since Rep Van Orden isn't going to do any open meetings for consitutuents. Rep Pocan also extended an invitation to Rep Van Orden to attend so that he can learn how Town Halls are done.

Pocan to hold Belmont town hall

BELMONT — U.S. Representative Mark Pocan (WI-02) announced that he will host a town hall in Belmont on Saturday, March 8, at 11 a.m.

themonroetimes.com

On Wednesday, U.S. Representative Mark Pocan announced that he will host a town hall in Belmont this Saturday, March 8, at 11:00 am in the Village of Belmont Community Building. The town hall will be held less than 10 miles from the border of Wisconsin’s 3rd Congressional District. Pocan has invited constituents from both his district and the 3rd to hear from a Member of Congress. Pocan said he’s hosting this town hall close to the 3rd district because the current Representative has not held an open town hall in more than two years.

 

[rareboy]

I suspect that Starlink is the next business to be destroyed by Musk's behaviour.

Ontario recently cancelled our contract with Starlink.

European companies, realizing what damage this psychopath could wreak, are looking to develop a network to protect Ukraine and Starlink just lost a multi-billion dollar contract in Central America and Mexico because of Musk.

Recently Starlink had a rapid unscheduled disassembly event though that is going to fundamentally alter the landscape for American telcom access south of the rio grande.

[Quoted Text: Removed]

and:

MSN

 

[rareboy]

We are all in trouble.

 

[rareboy]

 

[rareboy]

Just an update:

Tesla sales in…

Germany: Down 60% in Germany and 76% in February

Australia: Down 66% in January and February

China: Down 49% in February

Norway: Down 44% in January and February

Portugal: Down 50% in January and February

 

[Dargelos]

Don't open the champagne just yet, sales of the cars rose slightly in the UK in Feb. Shame on us. But the Cybertruck will never be sold here, it breaks so many safety regulations it is illegal to drive on our roads. A man imported one from Albania and was arrested as soon as he went for a ride in the damned monstrocity.

 

[rareboy]

 

[rareboy]

 

[rareboy]

 

[rareboy]

 

[Norri]

Biden reduced the deficit…..are we still working in base 10?

 

[rareboy]

Perhaps in real terms.

Every regime in the US forever is going to have to deal with the explosion of the deficit by Trump.

Because the putative carrying costs of the debt represemnt an ever increasing percentage of the debt.

But increasingly these cost burdens are underplayed. It depends on who is holding the debt.

 

[KaraBulut]

Biden reduced the deficit…..are we still working in base 10?

It is true that since GHW Bush, no President or Congress has increased revenue to offset expenses, resulting in increasing deficits. During Clinton's time, revenue increased due to tax increases that GHW Bush passed, along with an economic boom from 1994-2000.

Then 9/11 happened and the Republican Congress passed another tax decrease. When the economic fallout of 9/11 had passed, Congress did not increase taxes to cover the cost of the "War on Terror".

Then the 2008 financial crisis happened. After the bailouts and the economic recovery of 2010-2018. Obama nor Congress attempted to recoup the bailout spending from the culprits responsible for the crisis.

Trump inherited a good economy in 2017. This would have been another opportunity to increase taxes to take advantage of the economic recovery to reduce the deficit. Instead, Congress passed a massive tax cut at the end of 2017 in anticipation that they were going to lose the majority. The 2017 tax cuts accelerated the growth in the deficit.

When the economy was doing well between 2016-2018, Congress should have increased taxes to reduce the deficit. They did not, which meant that there was no reduction prior to the 2020-2022 COVID spending. Congress and Biden did to stimulus spending when the economy recovered but they did not raise taxes. The excess spending ultimately triggered higher inflation, even though the rate of inflation was among the lowest in developed countries.

 

[KaraBulut]

And the post-election gains in Telsa are gone.


Still about $90/share to go before it gets to the 5 year low...

 

[ravenstone]

 

[rareboy]

^ Doesn't even make sense.

DOGE has found nothing of the sort. Their moves have been reckless and arbitrary.

Anyone could come in and slash services and jobs.

The Right just can't meme.