2d ago

Live updates: Trump threatens to sever Musk's government contracts as stock prices fall

Trump threatens to sever Musk's government contracts as stock prices fall

President Donald Trump threatened to cut Elon Musk’s government contracts as their fractured alliance escalated into a public feud Thursday. The world’s richest man responded in kind, saying he’d decommission a space capsule used to take astronauts and supplies to the International Space Station.

Shares of Musk’s electric vehicle maker Tesla fell 14%, knocking about $150 billion off the company’s market valuation.

25 comments

When they make up tomorrow, they’ll both be a few billion dollars richer.
- Hoping this ages like milk, but I'm personally not putting much stock into these theatrics. I feel like the past decade has time and time again shown that schadenfreude only happens in movies, and that every interaction these people have with each other are Neanderthal-level grifts that successfully siphon them more even money from the lower classes.
  Color me jaded.
  
  Never really understood that saying. Cheese is proof that the gods love us and want us to be happy.
- I've been thinking the same thing. Whether the disagreement is real or not, the market manipulation will be.
- Yeah, this is pro wrestling, we're just watching kayfabe.
- I'm gonna be so mad when you're right...

😂 🤣 😂 🤣
😍 You love to see it!!
Fight, removed, fight!! Take each other down with you!! Fucking unrestrained impulsive toddlers...
🤡 🙄 🖕
- Like kids on a playground.
  "I'm not going to help you with your electric cars."
  "Fine, I'll take my spaceship away then."
  
  Like kids on a playground.
  “I’m not going to help you with your electric cars.”
  “Fine, I’ll take my spaceship away then.”
  "Fine. I won't help you with those, neither! Neener Neener!"

Apparently, Trump didn't say thank you to Elon for his election.

Smell my finger
- you know he dint wipe.

I hope this drags on for months.

Dooo it. Musk must not be too savvy if he didn't think trump would turn on him.
- I'm guessing that Musk is now finding out that Trump doesn't actually pay his debts.
  
  Trump got paid up front with a guaranteed annuity and Elon got completely vulnerable popularity and volatile old-money. While Trump piggybacks on the bro marketing to do crypto for the fam.
  Gonna give him Art of the Deal on this one I guess.
  What a timeline. I like the Star Trek reboot movie, but holy shit.
  
  Does that matter to Elon? He got what he wanted. He crippled or destroyed every government entity that was investigating his companies. He would do that for free.
  
  Coin flip between it just being yet another case of musk lashing out because his ego hurts and him trying to distance himself from the trump admin when the closeness has caused catastrophic damage to his companies brands (too little too late, but still)

Trump is weaker than his fingers are short. He's always throwing tantrums of threats that everyone just laughs at.

knocking about $150 billion off the company’s market valuation.
To Elon isn’t on top of the money anymore?

musk can go scorch earth and direct xitter to attack the magats, and funding non-magat gop in the upcoming elections. musk and thiel never seem eye to eye, so they will be clahsing eventually.

Does Musk not understand that the US government can say fuck you give us the Dragon tech and give it to NASA. No questions asked, what are you going to do?

25 comments