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Musk Donates to Trump, Tapping Vast Fortune to Swing 2024 Race
(www.bloomberg.com)
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this post was submitted on 13 Jul 2024
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politics
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Putting this guy’s shitty politics aside for a moment, Trump and the GOP have be shitting on EVs extra hard over the past year. Tesla is hurting right now, and if Trump wins the dead heat, that company could be fucked. Moreover, he also has a bunch of government contracts keeping Space X and Starlink alive.
If Musk doesn’t pay up and kiss the ring, he could be screwed if Trump wins.
Elon will be fine with his massive bonus that he totally earned for all the great work he's done for Tesla.
Greed gonna greed. He wants more.
You missed the /s in your comment.
My use of "totally" is an alternate convention for the same thing.
Elon doesn't care if Tesla succeeds, he's just using it as a way to launder financial gifts from other billionaires/millionaires and using poor people to help subsidize.
Eg if his friend, MBS from Saudi Arabia, has 2-5 people with trading algorithms and a few million dollars, they can inflate the stock. This makes it look appealing to regular buyers who think the stock is actually organically reaching that price. Then they invest more, increasing the price, and MBS can start to withdraw some of his money out, but Elon will still have that funding/money from the real investors. If the stock starts to deflate, they can just pump it again.
At some point, the stock will correct. Either when Elon stops convincing rich people (eg MBS) he can deliver on his promises, or when it becomes clear to the public it was a grift the whole time. I think Elon assumes it will be soon, which is why he took out so much recently (like 40 billion, right?) and risked removal from the company.
It's entirely possible Elon is worried about crimes he's committed and supports Trump explicitly for a pardon (which we know Trump is selling).