• Lit@lemmy.world
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    20 hours ago

    Commerce Secretary is heavily invested in tesla stock.

    dump that stock.

    make the bank collect on Elon tesla stock loan collateral.

    make Elon pay taxes on that stock.

  • ArseAssassin@sopuli.xyz
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    1 day ago

    Next week they’ll probably try to rename the country as United States of America sponsored by Tesla Motors.

  • splonglo@lemmy.world
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    1 day ago

    People who take this advice are going to be disappointed when Tesla gets outcompeted by every other EV company and it drops to zero. It’s just like the trump shitcoins. Just scamming their base at every turn because they’ve gotten used to lying about everything without consequences.

    • Match!!@pawb.social
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      1 day ago

      matter of time before Seattle starts disregarding tariffs and dumping teslas into the harbor

  • Yerbouti@sh.itjust.works
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    1 day ago

    This is most probably illegal, even in the US. But, oh well, it’s just Wednesday in naziland.

  • GaMEChld@lemmy.world
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    1 day ago

    Encourage the public to buy it while executives unload millions, yeah, wonder why they are recommending that.

  • Birdie@thelemmy.club
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    1 day ago

    When the government starts promoting particular products, whether it’s Goya beans or Teslas, there is a line being crossed. This administration is completely topsy-turvy.

  • nxn@biglemmowski.win
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    2 days ago

    “Elon Musk is probably the best person to bet on I have ever met,” said Lutnick. “And I think, we all know that, I mean, gosh, in the same week that he saves astronauts with his rockets that he invented — imagine that. He’s building, he’s building the coolest robots you’ve ever seen. Go online and look up ‘Optimus’ — it’s the coolest thing you’ve ever seen, we’re all gonna be buying robots, they’re gonna cost about $30,000, you’re buying a Tesla robot, and anybody who doesn’t buy a Tesla robot is gonna be silly, no one’s gonna be keying anything. Elon Musk is the best entrepreneur and technologist in America and I’d bet on him — I wish I was allowed, but I’m not allowed to buy any stock!”

    Thank you for this transcript. I doubt I could have made out anything of what Lutnick was saying given how deep into Elon’s asshole his tongue appears to be.

  • Clevererhans@lemmynsfw.com
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    1 day ago

    So much for the old “the government should not pick winners and losers!” line conservatives used to swear by…

  • katy ✨@lemmy.blahaj.zone
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    2 days ago

    tesla must be loving their image shifting from a “cool tech company” to a brand only loved by insufferable partisan pricks.

    • immutable@lemm.ee
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      1 day ago

      Brand that old uncool politicians go on tv and beg people to buy.

      Good thing American consumers love desperation.

  • LeFantome@programming.dev
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    1 day ago

    Having these guys shill for Tesla is not going to help the stock. It looks desperate. It turns off the core buyers even more.

    There are two groups of Republican at this point. There are quite a small number of ultra rich people. There is an army of mostly not that well off folks. The latter cannot afford Teslas and have seen them as the enemy forever. This is going to highlight that the main GOP principle is supporting rich allies. It shines sunlight on a very dangerous fact.

    Elon is really unpopular right now and “regular” republicans feel like he and DOGE are attacking them. Then they see the Trump administration rallying to support him. The GOP does not care about them but does care about him.

    This could backfire on the GOP and it is not going to sell a lot of cars.

    • suicidaleggroll@lemm.ee
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      1 day ago

      Elon is really unpopular right now and “regular” republicans feel like he and DOGE are attacking them.

      Only those who have been personally harmed. The rest of them, and that’s the vast majority, actually believe Elon is cleaning up the government and finding/eliminating corruption. I work with one, he’s convinced everything DOGE has found and cut is corruption/fraud, the kids who are rooting through the Treasury are geniuses capable of finding things that no other administration has been able to (or been willing to?) find, and ultimately the Government is going to run more efficiently and taxes can be lower for regular people when it’s all said and done. They’re too deep in the rabbit hole to see the light.

      • Calcifer@eviltoast.org
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        5 hours ago

        Honestly, even if they’ve been personally harmed… They just move the goalposts. “He’s kidding! Oh he isn’t kidding? Well, it won’t hurt/affect me! Oh it did? Well it won’t be for long. Oh it’s permanent? We’ll this is necessary for it to get better. It didn’t get better? Democrat lies, I feel fine. I no longer feel fine? It’s the democrats fault!”

        Truest thing trump ever said was that he could shoot someone on fifth Avenue and not lose any votes. This guy could march into their home, murder their family and burn down the house right in front of their eyes and they’d still be saying “if only the Fuhrer knew”.

  • A_norny_mousse@feddit.org
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    2 days ago

    Remember Trump 1.0 selling beans straight from the White House?

    Apart from that, TSLA most certainly is not good to bet on, despite its owner being one of the richest and most powerful people in the USA rn.

    • CosmoNova@lemmy.world
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      2 days ago

      It‘s a bad bet because he is so insanely rich and powerful. Just take a look at Putin‘s Gasprom. Oligarchs know how to extract money out of a company before lesser oligarchs can get their hands on it. Avoid any stocks that are too close to the government right now.

    • jonne@infosec.pub
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      2 days ago

      Eh, as long as he stays in Trump’s favour, Tesla will get a bunch of government contracts to keep them afloat. There was already the state department contract, they can keep slinging more contracts his way of they like.

      • shrugs@lemmy.world
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        2 days ago

        Government needs to buy a hell of a lot of cars to minimize the losses Tesla is reeking in everywhere else.

        EV sales grew by 27% still Teslas is down 70% in Germany.

        Btw. who should drive them if all government workers get fired?

    • Lost_My_Mind@lemmy.world
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      2 days ago

      I do not remember trump selling beans. It honestly sounds more like something from the Carter playbook. I can imagine Carter with a nice little bean farm. I cannot envision trump doing even miniscale farming.