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Wall Street is filled with people who value REAL management skills, and not with those
who who seem to do everything for the sake of a made-for-TV effect.
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CF has always been a site that welcomes people from different backgrounds and beliefs to participate in discussion and even debate. That is the nature of its ministry. In view of recent events emotions are running very high. We need to remind people of some basic principles in debating on this site. We need to be civil when we express differences in opinion. No personal attacks. Avoid you, your statements. Don't characterize an entire political party with comparisons to Fascism or Communism or other extreme movements that committed atrocities. CF is not the place for broad brush or blanket statements about groups and political parties. Put the broad brushes and blankets away when you come to CF, better yet, put them in the incinerator. Debate had no place for them. We need to remember that people that commit acts of violence represent themselves or a small extreme faction.
Wall Street is becoming Disillusioned with Musk
- Thread starter Stephen3141
- Start date
Wall Street is filled with people who value REAL management skills, and not with those
who who seem to do everything for the sake of a made-for-TV effect.
Reluctant Theologian
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Tesla shares fall because much it early moving advantage is eroding (Chinese cheaper manufacturers quickly catch-up) and market saturation for the gadget-lover/rich/green demographics. It's simply market adjustment. I don't think the alleged lack of Musk's management skills are to blame for this. It's inevitable at the moment.
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Attacking Musk's wealth is the only thing that can keep MAGA in check at this point; voting with our wallets. If investors flee from his stocks, he will have less and less power and influence.
I deleted my Twitter and Facebook accounts a month ago (long overdue). Anybody that bends the knee to a dictator should be fair game for divestment.
I deleted my Twitter and Facebook accounts a month ago (long overdue). Anybody that bends the knee to a dictator should be fair game for divestment.
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Profits in Europe are down like 50% because of recent events. I think some countries it’s in the 70 percent region.
Even Norway, which historically had adopted Tesla earlier and been a big proponent.
They really didn’t appreciate the Nazi salutes.
I will forever have respect for some of his efforts, like revolutionising the space industry, but I do wish he’d go back to that and leave politics alone.
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Reluctant Theologian
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To pretend Musk performed a Nazi salute quite frankly dissolves your credibility - does Musk foster any allegiance to Hitler's ideology? Wasn't he a great friend of Israel visiting a concentration camp in Poland recently? Stop the nonsense ...
It's certainly true some people boycott Tesla because they can't stomach Musk's political affiliation ... and instead they can buy a Chinese EV vehicle from a nation with more supposedly enlightened principles?
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Laodicean60
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The mental manipulation in this article is astounding. Musk hit piece that gets liberals excited, not realizing stock go up and down. Sadly, many bobbleheads agree with this garbage. Americans are ignorant about the economy and stocks.
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Job 33:6
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I enjoy hearing about red states losing jobs. Mess around and find out, as they say. Time will tell what fallout the Republican party will have to deal with when the dust settles.
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Laodicean60
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I agree. The last administration's fiscal policy allowed a Republican to get elected, and this one...? As you said, time will tell.
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Trump’s Economy Is Flashing Red
Trade wars, rising prices, falling confidence, and sinking stock markets are not what Wall Street or Main Street voted for.
foreignpolicy.com
The actions of Musk, supposedly, represent the president's will.
"Shortly before the election, billionaire Elon Musk, Trump’s biggest backer during the campaign and now his hatchet-cum-chainsaw man gutting the federal government, explicitly stated that the goal was to inflict short-term pain, including a few market crashes, in order to put the U.S. economy on a healthier footing. The problem is that, so far, the gains are looking to be as ephemeral or as invented as Musk’s government cost savings.
A few decades ago, a Republican candidate for president was roundly and repeatedly mocked for running on “voodoo economics,” which, of course, soon became gospel for the GOP. This is like voodoo, except the sharp pins and pain don’t only get jabbed into dolls."
I think that many American citizens, are quickly coming to the conclusion
that the president (and Musk), have no clue how to manage the American
economy.
AND, their blundering is hurthing American citizens, and American companies.
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Truth7t7
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You mean like the many $Billionaires$ in the world standing in the oval office over the past 5 weeks in their pledges totaling over a $Trillion$ in American investment?
It's amazing how the many that dislike president Trump sit silent on the facts before their eyes
Glad to see the Liberal Media is catching on, Trump hating doesn't sell
(CNN) Brian Stelter "Gone" Chris Cuomo "Gone" Don Lemon "Gone" Jim Acosta "Gone"
(MSNBC) Joy Reid "Gone" Rachel Maddow Staff cut, the axe is coming
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Job 33:6
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Over the past several decades, the wealthiest Americans have seen significant income and wealth gains compared to other income groups. This trend is often referred to as the "Great Divergence."
Income Inequality: Since the late 1970s, income inequality in the United States has increased markedly. Data indicates that the share of total income received by the top 1% of earners grew from around 9% in 1976 to approximately 20% by 2019. This shift suggests that income growth has been disproportionately concentrated among the highest earners.
en.m.wikipedia.org
Wealth Concentration: Wealth inequality has also intensified. As of 2021, the top 1% of Americans held about 32% of the nation's wealth, up from 23% in 1989. In contrast, the bottom 50% saw their share of wealth decrease over the same period.
en.m.wikipedia.org
Contributing Factors:
Tax Policy Changes: Since the 1980s, various tax reforms have reduced the top marginal income tax rates and capital gains taxes, benefiting high-income individuals and contributing to increased income inequality.
en.m.wikipedia.org
Decline of Labor Unions: The weakening of labor unions has reduced collective bargaining power, leading to wage stagnation for middle- and lower-income workers, while top earners have continued to see income growth.
en.m.wikipedia.org
Technological Advancements and Globalization: These forces have increased demand for high-skilled labor, leading to higher wages for top earners, while outsourcing and automation have suppressed wage growth for lower-skilled jobs.
en.m.wikipedia.org
These trends underscore the growing economic disparities in the United States over recent decades, with the wealthiest individuals experiencing substantial gains relative to the rest of the population.
It's great that some wealthy companies are investing in America. However, simultaneously, many are not. The rich are getting richer, the poor are getting poorer, and Trump's response is to simply continue to cut taxes for the rich.
Income Inequality: Since the late 1970s, income inequality in the United States has increased markedly. Data indicates that the share of total income received by the top 1% of earners grew from around 9% in 1976 to approximately 20% by 2019. This shift suggests that income growth has been disproportionately concentrated among the highest earners.
Income inequality in the United States - Wikipedia
Wealth Concentration: Wealth inequality has also intensified. As of 2021, the top 1% of Americans held about 32% of the nation's wealth, up from 23% in 1989. In contrast, the bottom 50% saw their share of wealth decrease over the same period.
Wealth inequality in the United States - Wikipedia
Contributing Factors:
Tax Policy Changes: Since the 1980s, various tax reforms have reduced the top marginal income tax rates and capital gains taxes, benefiting high-income individuals and contributing to increased income inequality.
Income inequality in the United States - Wikipedia
Decline of Labor Unions: The weakening of labor unions has reduced collective bargaining power, leading to wage stagnation for middle- and lower-income workers, while top earners have continued to see income growth.
Great Compression - Wikipedia
Technological Advancements and Globalization: These forces have increased demand for high-skilled labor, leading to higher wages for top earners, while outsourcing and automation have suppressed wage growth for lower-skilled jobs.
Income inequality in the United States - Wikipedia
These trends underscore the growing economic disparities in the United States over recent decades, with the wealthiest individuals experiencing substantial gains relative to the rest of the population.
It's great that some wealthy companies are investing in America. However, simultaneously, many are not. The rich are getting richer, the poor are getting poorer, and Trump's response is to simply continue to cut taxes for the rich.
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Richard T
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I looked at the insiders that were selling Tsla here. Interestingly two members of Congress bought the koolaid. Marjorie Taylor Green and Josh Gottheimer (D. NJ) bought Tesla shares at nosebleed prices. Most of the whole auto industry is in trouble once again because they listened to government. Tsla was poised to fall, and now many stockholders and buyers of Tesla's are alienated by Musk's political views.
I personally am short at least one TSLA option for the last couple of weeks. Seems like it could run a lot further down. But the whole market is way overvalued. DJT stock too is getting hammered. (I am short there as well). My thinking was Trump will cash out of much of the stock after holding it one year. (You need to hold one year or you will pay far more in taxes) He said he would not sell, but I am pretty sure he will come up with some excuse to do so.
I personally am short at least one TSLA option for the last couple of weeks. Seems like it could run a lot further down. But the whole market is way overvalued. DJT stock too is getting hammered. (I am short there as well). My thinking was Trump will cash out of much of the stock after holding it one year. (You need to hold one year or you will pay far more in taxes) He said he would not sell, but I am pretty sure he will come up with some excuse to do so.
| Transaction Date | Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|---|---|---|---|---|---|---|
| 3/3/2025 | Robyn M Denholm | Director | Sell | 112,390 | $299.61 | $33,673,167.90 | |
| 3/3/2025 | Vaibhav Taneja | CFO | Sell | 6,000 | $296.02 | $1,776,120.00 | |
| 2/6/2025 | Kimbal Musk | Director | Sell | 75,000 | $367.87 | $27,590,250.00 | |
| 2/3/2025 | Robyn M Denholm | Director | Sell | 112,390 | $384.04 | $43,162,255.60 | |
| 2/3/2025 | Vaibhav Taneja | CFO | Sell | 7,000 | $383.11 | $2,681,770.00 | |
| 1/31/2025 | Josh Gottheimer | U.S. Congress Member (D-NJ) | Buy | $404.60 | $1,001 - $15,000 | ||
| 1/30/2025 | Josh Gottheimer | U.S. Congress Member (D-NJ) | Buy | $400.28 | $1,001 - $15,000 | ||
| 1/28/2025 | Josh Gottheimer | U.S. Congress Member (D-NJ) | Buy | $398.31 | $1,001 - $15,000 | ||
| 1/8/2025 | Marjorie Taylor Greene | U.S. Congress Member (R-GA) | Buy | $394.94 | |||
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Richard T
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Excellent info. I might add that they last time the wealth was so concentrated at the top the Great Depression happened. As I have said before, the election of Trump may coincide with a judgment of God on the love of money. Ironic too that as a nation we are becoming more and more tight fisted. Sad but the USA has needed a shake up for a long time. Even many Christians like some that Trump hangs around are likely abusers of prosperity and the prosperity message. A shakeup in wealth too likely will help bring revival. I am not saying one cannot have prosperity in God. It just depends where your heart is.Over the past several decades, the wealthiest Americans have seen significant income and wealth gains compared to other income groups. This trend is often referred to as the "Great Divergence."
Income Inequality: Since the late 1970s, income inequality in the United States has increased markedly. Data indicates that the share of total income received by the top 1% of earners grew from around 9% in 1976 to approximately 20% by 2019. This shift suggests that income growth has been disproportionately concentrated among the highest earners.
Income inequality in the United States - Wikipedia
Wealth Concentration: Wealth inequality has also intensified. As of 2021, the top 1% of Americans held about 32% of the nation's wealth, up from 23% in 1989. In contrast, the bottom 50% saw their share of wealth decrease over the same period.
Wealth inequality in the United States - Wikipedia
Contributing Factors:
Tax Policy Changes: Since the 1980s, various tax reforms have reduced the top marginal income tax rates and capital gains taxes, benefiting high-income individuals and contributing to increased income inequality.
Income inequality in the United States - Wikipedia
Decline of Labor Unions: The weakening of labor unions has reduced collective bargaining power, leading to wage stagnation for middle- and lower-income workers, while top earners have continued to see income growth.
Great Compression - Wikipedia
Technological Advancements and Globalization: These forces have increased demand for high-skilled labor, leading to higher wages for top earners, while outsourcing and automation have suppressed wage growth for lower-skilled jobs.
Income inequality in the United States - Wikipedia
These trends underscore the growing economic disparities in the United States over recent decades, with the wealthiest individuals experiencing substantial gains relative to the rest of the population.
It's great that some wealthy companies are investing in America. However, simultaneously, many are not. The rich are getting richer, the poor are getting poorer, and Trump's response is to simply continue to cut taxes for the rich.
Upvote
0
Richard T
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Sure it is. Rebellion and public sentiment go hand-in-hand with stocks. Illegal stuff too can tank a stock price. If I remember my history, the guy who put cyanide in Tylenol bottles and killed a few people hurt the company.
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Richard T
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It is exactly what we voted for. The people wanted a materialist King who promised prosperity and a "golden age," so we have that and more. Unfortunately, there was no Samuel to suggest the consequences. It is in the word though how not to go into debt, how not to love money, how to hate bribery, how to not exact usury, etc.Trump’s Economy Is Flashing Red
Trade wars, rising prices, falling confidence, and sinking stock markets are not what Wall Street or Main Street voted for.
The actions of Musk, supposedly, represent the president's will.
"Shortly before the election, billionaire Elon Musk, Trump’s biggest backer during the campaign and now his hatchet-cum-chainsaw man gutting the federal government, explicitly stated that the goal was to inflict short-term pain, including a few market crashes, in order to put the U.S. economy on a healthier footing. The problem is that, so far, the gains are looking to be as ephemeral or as invented as Musk’s government cost savings.
A few decades ago, a Republican candidate for president was roundly and repeatedly mocked for running on “voodoo economics,” which, of course, soon became gospel for the GOP. This is like voodoo, except the sharp pins and pain don’t only get jabbed into dolls."
I think that many American citizens, are quickly coming to the conclusion
that the president (and Musk), have no clue how to manage the American
economy.
AND, their blundering is hurthing American citizens, and American companies.
Upvote
0
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Trump’s Economy Is Flashing Red
Trade wars, rising prices, falling confidence, and sinking stock markets are not what Wall Street or Main Street voted for.
The actions of Musk, supposedly, represent the president's will.
"Shortly before the election, billionaire Elon Musk, Trump’s biggest backer during the campaign and now his hatchet-cum-chainsaw man gutting the federal government, explicitly stated that the goal was to inflict short-term pain, including a few market crashes, in order to put the U.S. economy on a healthier footing. The problem is that, so far, the gains are looking to be as ephemeral or as invented as Musk’s government cost savings.
A few decades ago, a Republican candidate for president was roundly and repeatedly mocked for running on “voodoo economics,” which, of course, soon became gospel for the GOP. This is like voodoo, except the sharp pins and pain don’t only get jabbed into dolls."
I think that many American citizens, are quickly coming to the conclusion
that the president (and Musk), have no clue how to manage the American
economy.
AND, their blundering is hurthing American citizens, and American companies.
Musk struggles with empathy, I have noticed.
He also isn't nearly as smart as people think. His characterization of Social Security as a "Ponzi scheme", for instance, is just fatuitous right-wing shock jock rhetoric, and is wrong and misleading. His lack of empathy and curiosity, however, means that he doesn't care to actually understand how it works in the lives of millions of Americans.
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