Commerce Secretary Howard Lutnick urged Fox News viewers to buy Tesla stock, calling CEO Elon Musk "probably the best person to bet on" he had ever met.
Tesla spent two decades building it’s brand only to lose world wide appeal in a matter of weeks.
There is a very clear trend in what Elon touches turning to shit.
X is clearly not recovering to its previous highs.
And Tesla is likely now fucked too.
Simply because neither of these companies have a path forward to reaching the value they had without a worldwide consumer base. Supply and demand determine value and both of these companies shifted their demand base from billions of people world wide to millions of people brainwashed in the US.
The active consumer base for both products is now American, and only so much value can be extracted from Americans compared to the entire world.
Add in a pending US economic crisis to that smaller user base of both companies, and there’s absolutley no hope either survive or recover to the value they previously had.
Invest in either if you want to lose money in the long run. Otherwise short both.
Tesla spent two decades building it’s brand only to lose world wide appeal in a matter of weeks.
There is a very clear trend in what Elon touches turning to shit.
X is clearly not recovering to its previous highs.
And Tesla is likely now fucked too.
Simply because neither of these companies have a path forward to reaching the value they had without a worldwide consumer base. Supply and demand determine value and both of these companies shifted their demand base from billions of people world wide to millions of people brainwashed in the US.
The active consumer base for both products is now American, and only so much value can be extracted from Americans compared to the entire world.
Add in a pending US economic crisis to that smaller user base of both companies, and there’s absolutley no hope either survive or recover to the value they previously had.
Invest in either if you want to lose money in the long run. Otherwise short both.