Trump helps out bigly and buys a Tesla

David49

Since Musks foray into politics Tesla shares have actually fallen by 56% thats a massive $800 billion. He is the pariah of Wall Street currently

Maybe Elon isn’t so clever after all, he lost $ billions buying Twitter too

Just shows how much confidence people have in this duo. I guess their ratings will go down even more if things don't work out with this deal in Ukraine

I am sorry, you always seem so knowledgeable about what happens in the US, I figured you knew this. Especially since you are always so involved in the conversation about what you think is happening in the US.

I am not at all interested in explaining economics to you. But I will say that Trumps policies have caused our stock market to drop 20% in the last 7 weeks. We have private retirement funds in the US that are fully dependent on the stock market. Anyone with an invested 401k has lost 20% of their retirement savings the last 7 weeks. After 35 years of investing for retirement, a percentage of money taken from every paycheck, 20% loss is a lot of money.

So no, not a "personal choice". This is the system we are forced into by the powers that be, and now 77 million other idiots are causing the rest of us to suffer.

It is being reported that Musk donated another $100 million to Trump after his Tesla stunt yesterday.

Quid pro quo seems to be the running theme in the Trump White House.

This is a great example of what is happening in our retirement accounts due to Trump.

"Lisa Paris of La Grange, Ky., and her husband were expecting a market “reset” within the next year but were still surprised by the sluggish economic performance during the first months of Trump’s return to office. The couple have lost $70,000 in retirement savings since January"

www.msn.com/en-ie/money/markets/meet-the-trump-voters-downplaying-hits-to-their-401-k-s/ar-AA1AJ3eS

Sadly, the Trump voters in the article still believe in his ability to save them from themselves.

iamaround -
Well said. I too am horrified at how that monster and his sidekick are destroying our country. No Project 2025? Ha. This is all payback for his losing to Biden.

So much for Reeves wanting us to invest in the stock market. The market was ready for a readjustment, Trump set it in motion, for now sit tight and ride out the storm, the speculators will reverse the position, they’ve made a killing selling Tesla but even now they are worth more than a year ago, so is the NASDAQ.

David, you are incorrect regarding the current value of Tesla cars. No idea where you get your information from

Well well. D Trump can go to Trumpton with his little car! Who knows he might meet Noddy visiting too!!

Grandmabatty

David, you are incorrect regarding the current value of Tesla cars. No idea where you get your information from

I’ve no idea where you get your prices from
Currently Tesla shares are 250 12 months ago the were around 180

Churchview

Just imagine - your business isn't doing well, you're losing sales and your share price is plummeting. Then, just when you think things couldn't get any worse, Trump endorses your product. Might as well turn the lights off on the way out.

😂😂😂😂😂

CNBC "Tesla shares plunge 15%, suffering steepest drop in five years"
I googled Tesla and it didn't take long. BBC, Reuters, Time magazine all record a drop in share price and a catastrophic fall in new car sales.

Tesla shares reached a peak of 480 in December and fell back to 220 2 days an ago a fall of over 50%.
Now recovered to 250
250 is higher than 180 12 months ago check the actual share prices not the scare stories you read in the Daily Mail

I do not read the Daily Mail. Stop being so unpleasant because you were found wrong.

Forbes also reported the drop in stocks and shares. Forbes are highly regarded. Are you going to accuse them of being Daily Mail readers?

The insult of last resort, being a DM reader.

Markets correct all the time. What is happening isn't a normal correction if it continues to play out. Trump is deliberately causing this and if he doesn't stop, the markets will continue to fall and wipe out our retirement accounts.

That's what we are worried about. Not normal market corrections.

And, to top it all off, this is all completely avoidable That is what irks me when people (who aren't affected by this) come by and insinuate we should all calm down, because this is normal.

You have all our sympathy imaround, let’s hope he sees some sense and realises that his economic approach is not working. Surely it must be affecting his supporters and backers too, some of whom are mega rich and must be seeing their personal and company fortunes diminish by the day.

imaround

I am sorry, you always seem so knowledgeable about what happens in the US, I figured you knew this. Especially since you are always so involved in the conversation about what you think is happening in the US.

I am not at all interested in explaining economics to you. But I will say that Trumps policies have caused our stock market to drop 20% in the last 7 weeks. We have private retirement funds in the US that are fully dependent on the stock market. Anyone with an invested 401k has lost 20% of their retirement savings the last 7 weeks. After 35 years of investing for retirement, a percentage of money taken from every paycheck, 20% loss is a lot of money.

So no, not a "personal choice". This is the system we are forced into by the powers that be, and now 77 million other idiots are causing the rest of us to suffer.

Quite a mean spirited response at my genuine question. Tart and dismissive. Says more about you than me I think. Hey ho.

And as an aside if sticks go down in 7 weeks (tanked?) can they not perhaps also go back up? That’s what I always thought could happen on the stock exchange. We have warnings here to say so. It’s risk based to some extent, isn’t it?

I don’t have disposable money to dabble so I’m only surmising here.

Why yes, stocks that go down can come back up. But not when the government is doing everything they can to purposly bring them down.

Trump policies caused this. His and his alone. Not Biden, not Obama. Not Canada nor the EU. Only he can reverse this. And he won't.

You didn't just ask a question though. You insinuated that we are somehow responsible for our loss because of course your Sainted Trump couldn't cause this. Despite being proven wrong over and over, you still can't seem to accept that maybe Trump is a bad man who is literally hurting millions of people around the world.

When you repeatedly tell everyone that you support Trumps policies and admire the man, and those policies are ruining people, real people with families and he is pushing the world to the brink of WWIII, you are going to get some push back. And every time you come here with opinions not based in facts, I am going to point out the truth. Not for you, of course, but for all the other people who read these threads and want to stop this from happening in their own countries as much as possible.

Many do not understand the stock market which is why shares come with a warning.

Whether you make money depends on when you buy or sell
If you had bought Tesla a year ago current price is 250 you have made nearly 50% profit in a year. If you bought 3 months ago you would have lost over 50%, tech stocks are always volatile.

Many professional traders make a loss, as a private investor most loose money because the professionals react much faster than you can. In addition short selling is more likely to make money, which is what happened to Tesla this week the herd of speculators sold shares together down to a low of 220 then took their profits on the loss.

Before Trump was elected the market had been recording successive highs, it was ripe for a fall, all the speculators were waiting for it Trumps policies precipitated it. We saw exactly the same thing in the UK during Brexit the uncertainty caused a volatile market, speculators made a lot of money.

Going back to Tesla if you bought a year ago at 180 and sold on December you would have made a 260% profit in 9 months, probably not many did they were greedy and held on and lost half of it. Media always highlights the sensational you are a fool if you react to that and buy on the report of a market high you should be selling.

Finally I’m accused of insulting DM readers, yes I am, if you believe what is printed there, it is the ultimate insult, if the cap fits wear it.

imaround

Markets correct all the time. What is happening isn't a normal correction if it continues to play out. Trump is deliberately causing this and if he doesn't stop, the markets will continue to fall and wipe out our retirement accounts.

That's what we are worried about. Not normal market corrections.

And, to top it all off, this is all completely avoidable That is what irks me when people (who aren't affected by this) come by and insinuate we should all calm down, because this is normal.

I don’t support Trump he did hurt many who were shareholders but that’s the risk you take, it may well be his deliberate intention was to crash the bull market.

It has affected exchange rates too, sterling has made an 8% gain in a month, against the dollar, the future is entirely unpredictable until we know the outcome of the Ukraine war

Well no, David, the cap doesn't fit. As I made clear, I am not a reader of the DM and all the reputable media report that Tesla is failing. You were 'trying' to be insulting but failed miserably.

Grandmabatty

Well no, David, the cap doesn't fit. As I made clear, I am not a reader of the DM and all the reputable media report that Tesla is failing. You were 'trying' to be insulting but failed miserably.

You questioned my statement that Tesla shares were now higher than a year ago, I was correct they had gained nearly 50%
Are you now going to accept that my statement was correct.?

The value of Tesla stock rose and then plummeted after Trump came into power David. Here are up to date details. Look at the vast increase in the number of trades in the last few days - people selling off their stock. It’s no good saying the share price is higher than it was a year ago - what is relevant is when the price began to fall from its high, and why.
finance.yahoo.com/quote/TSLA/history/