joekar1990 @ joekar1990 @lemmy.world

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2 yr. ago

I've seen a new talking point popping up that he's crashing the market on purpose to refi US debt and force the fed to drop interest rates...

Honestly they probably plugged it into Grok and asked it to spit out the list of countries to tariff.

It's probably dumber than you think why they weren't on there. The formula they used to come up with the countries tarrifs rate is based simply on trade deficit calculations. So if you aren't exporting/importing from those countries they wouldn't be included. It doesn't even matter if there was a trade surplus.

For example, take the figures for China:

• Goods trade deficit: $291.9bn
• Total goods imports: $438.9bn
• 291.9/438.9 = 0.67, or 67%
• And halved = 34%

Sources:

https://www.ft.com/content/e025d7e6-512d-4e82-9c25-7900b94ac153

https://news.sky.com/story/do-trumps-tariff-numbers-add-up-after-liberation-day-announcement-13340903

https://www.theguardian.com/us-news/2025/apr/03/trumps-idiotic-and-flawed-tariff-calculations-stun-economists

There have been multiple companies who have gone through public image issues that have survived, but never regained their original status in the market.

The thing that it has been with Tesla is the company value never made sense and it was driven by hype for Elon and his "genius vision". With that facade going away the stock should continue to adjust to closer to other comparable car companies. Even recently they had a trailing P/E ratio of 121. That's crazy with only so few things in their product pipeline that we know about.

So the question now is how does the new public perception impact any new products they launch in the near term and how do they recover the confidence of the consumers? Not saying that it can't be done.

Tesla has been losing ground for a while. They were one of the first mass produced EVs with charging infrastructure, but now what makes them special? They have positioned themselves as a software/ai company but it was just a way to boost stock price. They don't have full self driving (fsd) that's been promised as next year for the past 10 years. On top of it they only rely on cameras for fsd and no lidar systems so I don't think they'll ever get full clearance outside the US.

So even if they ditch Elon I'm not sure if the sentiment can be brought back. Sure they may not go bankrupt but the stock should fall in line with other auto manufacturing companies.

I'm starting to see more opinion pieces from media personalities like Cramer trying to pivot the Tesla narrative to they are more than a car company they are AI and humanoid robot company. Which is hilarious because it's been 10 years since Elon said any day we'd have full self driving.

“On JPMorgan cutting TSLA to $120 and losing brand value] He very quickly has to talk once again about how the company is an artificial intelligence, humanoid company."

Source: https://finance.yahoo.com/news/jim-cramer-urgent-advice-tesla-180851867.html

Then privatize it to TurboTax

I can't find anything on what he's claiming about high tariffs with trade partners. Is it because they have tariff rate quotas?

Ketamine is also a hell of a drug

Step 1: Strip it and claim it's not working

Step 2: Sell off and privatize

Step 3: Profit

Half the country has about a sixth grade reading comprehension level...so you definitely aren't wrong.

Democrats right now are also showing to be absolutely terrible opposition party members. Only a few are constantly speaking up.

Also might be just me but trump seems to be showing his age more to me in terms of appearance. His hair in particular is more white than ever to me.

You forgot the press conference slow reading of a statement from Schumer who takes his glasses off at the end to drive his point home.

Just like how they think the department of education sets the ciriculum in the states.

The board has close ties to musk. His brother is on the board. That's why they will always pay the guy.

He did that already in 2018 and they expired in 2024.

https://www.aeaweb.org/articles?id=10.1257%2Faer.20190611

Tariffs resulted in a pass through cost greater than 100%.

They also find the employment effect (1800 jobs, not 2000) but the cost to the public of those jobs was $800,000+ each.

If you think about it. Have you ever seen him actually laugh or just smirk?

Oh look... An actual weaponized DOJ. Projection of drumps goals strikes again.

He has a call with Trudeau later today.

I mean he did write a children's book proclaiming trump king.