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Topic: I get it now—no wonder so many wealthy individuals are running for president! (Read 506 times)

sr. member
Activity: 1288
Merit: 375
Elon Musk donated more than $70 million to President Donald Trump campaign and he would have lost all that money if Donald Trump didn't win the election just like all the donators of Kamala Harris lost their money. He's benefiting from the risk he took by trusting his investment and support in President Trump that he was going to win hence I'm not worried about how much he's making and his Tesla stocks are selling. We could have been among those making profits if we bought the Tesla stocks too because they're listened on the open market. There are those that bought the stock and other cryptocurrency relating to Elon musk that he has his interest in and they've made lost of profits. Imitating the rich and do what they're doing can make us lots of profits but we shouldn't follow them blindly before we end up like those that invested in Kamala.

Trying to fit in someone else's shoes is never a good idea if you don't have the same status. Imitating the rich can be beneficial at times, but it can be devastating as well sometimes because those who are rich can afford to lose some money, but you, as an imitator, can't afford to do that, so if they lose their money in something they are doing, they would still be fine, but if you lose your money while imitating them, you will be in a lot of trouble because you will probably not have a lot of money like them.

What Elon Musk or other businessmen did during the elections by supporting their leaders is something only millionaires and billionaires can do; they knew that if the person they are supporting wins, they are going to make a hefty amount back, but if they lose, they are going to lose their investment that they can easily afford to lose.

Now, someone who buys shares should be sure of their investment and whether they can afford to lose the money or not because if the stock loses value, it will cost them for sure.
hero member
Activity: 1792
Merit: 534
Leading Crypto Sports Betting & Casino Platform
I don't personally see the connection between trump winning election and the recent rise in musk businesses you can call it coincidence what you can say is that the leverage the trump admiration is going to give to Elon musk and his business to operate because of the role that musk played during the campaign before the start of the election
If it is called a coincidence, it is also not wrong because it is also quite appropriate to say, especially since Elon Musk is a person who has unique targets and strategies in developing his business and he also knows who to support for the smooth running of his own business in the long term. In addition, Trump himself is also a person who likes to do business quite wisely even though he is also quite good at politics, but I really don't see any problem when Elon Musk has to support Trump as US president (regardless of the interests he wants).

This is not a coincidence, it is all Musk's calculation and trade-off. Just like what happened with the crypto market, everyone was betting on Trump winning and in the end, his victory fueled a strong growth for Bitcoin and the entire market. Is Bitcoin's recent price surge a coincidence or was Trump's victory involved? I think we all know what fueled bitcoin's growth and helped it reach $99k in the past few days. Likewise, the strong growth in Elon's companies' stocks was due to Trump's victory. Elon Musk took a risk by publicly supporting Trump, and it paid off handsomely, it was all his strategy and trade-offs, nothing was random or coincidental.
legendary
Activity: 2688
Merit: 1192
Since the election on November 5, Tesla's stock price has soared by nearly 39%, and it has risen by 41% so far this year. This post-election surge has added around $320 billion to Tesla's market value, pushing it past the $1.1 trillion mark! What's more, since April 2022, Tesla's stock had never been able to break the $350 barrier, and this surge has completely shattered that "ceiling.What's more, for Elon Musk, the benefits go far beyond this—his entire portfolio of ventures is poised for a new wave of growth.

Anyone who has watched a TV show like house of cards will understand that power is another level beyond money. Once you are a billionaire, you have the ability to do almost anything, but you are still required to stay within the confines of the law. Yet if you are a billionaire with a protected position in government, like Elon Musk has become, then you might be able to yield a whole new range of powers that even money would not be able to provide. Money can position you in a certain way that makes you able to take advantage of the situation, but most billionaires shun the limelight and it takes a certain type of psychopath to chase power instead of being happy enough with the limitless pleasure that money could provide.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
I don't personally see the connection between trump winning election and the recent rise in musk businesses you can call it coincidence what you can say is that the leverage the trump admiration is going to give to Elon musk and his business to operate because of the role that musk played during the campaign before the start of the election
If it is called a coincidence, it is also not wrong because it is also quite appropriate to say, especially since Elon Musk is a person who has unique targets and strategies in developing his business and he also knows who to support for the smooth running of his own business in the long term. In addition, Trump himself is also a person who likes to do business quite wisely even though he is also quite good at politics, but I really don't see any problem when Elon Musk has to support Trump as US president (regardless of the interests he wants).
hero member
Activity: 1806
Merit: 506
Since the election on November 5, Tesla's stock price has soared by nearly 39%, and it has risen by 41% so far this year. This post-election surge has added around $320 billion to Tesla's market value, pushing it past the $1.1 trillion mark!

Well the life is full of mutual benefits and connections and that's one of the things that usually lead one to running for presidency,and  this is why Trump had alot of supporters like Elon musk as well as others too cause they would really benefits from it's reign as president and most definitely alot of things will skyrocket leading to massive growth. 
Correct. Rich people support the president because of business problems to continue to grow and the president needs rich people to have moral and material support. Both of them need each other to achieve their goals, so it's no wonder Elon supports Trump and vice versa.

Even on several occasions Donald Trump always praised Elon Musk with the technology he developed even he called Elon Musk 'Super Jenius'. Trump also told his supporters that Starlink Elon Musk's satellite service helped save "many lives" during the Helene storm last October.

If we return to this utas title, now you are not surprised why so many rich people run for president because of business and of course after they are rich, they need recognition from the world community. And my prediction Elon Musk will be the next candidate for American president after Trump served in the next five years.
sr. member
Activity: 490
Merit: 325

 I don't personally see the connection between trump winning election and the recent rise in musk businesses you can call it coincidence what you can say is that the leverage the trump admiration is going to give to Elon musk and his business to operate because of the role that musk played during the campaign before the start of the election

It's not coincidence but positive impact of the election. Elon Musk supported Trump during the election and publicly donated $45 million usd to his election, that was where "he is our guy" started trending and promises to reduce tax cut for wealthy people of Americans. He was going to different rally and then promised to serve the country if Trump wins. Now that he won and his office is secure, don't you think he is going to do things that will favour Telsa company? This is why alot of people bank on his stock.

Political influence has big effect on wealth and that is what Elon Musk has demonstrated, didn't you see it wasn't only Tesla that run up, even Doge went as high many times because people believe that he has a huge bag of Doge somewhere which I also think. Doge can't be pumping with speculations only, it's just that there are somethings we don't know that other people knows about Doge and he is the one in my opinion.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
Tesla’s post-election surge is impressive, highlighting both the market’s confidence in the company’s future and its resilience in the face of previous stagnation. Breaking the $350 barrier marks a significant psychological milestone for investors, and the added $320 billion in market value is a testament to the faith in Tesla’s long-term potential.

For Elon Musk, this isn’t just about Tesla’s stock; it’s a ripple effect that could bolster his other ventures, from SpaceX to Neuralink, as increased confidence in Tesla might attract further investment across his portfolio. The real question now is whether Tesla can sustain this growth and continue to deliver on its ambitious promises in an increasingly competitive EV and clean energy market.
sr. member
Activity: 1092
Merit: 342
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And Tesla shares will continue to rise, so those who do not know how to invest would be good if they could do so in the stock market, it is very illustrative when you surround yourself with people of great influence who can contribute, here Elon Musk bet on the highest bidder and won, so I have no doubt that now the shares will go much higher, for these shares to fall is difficult, it is possible, but I believe that now it is not like the effect that Donald Trump's victory had on BTC, so for now I think it will continue to trend upward.
legendary
Activity: 2184
Merit: 1302
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That's just the market sentiment and speculation, i don't think it has anything to do with wealthy individuals running for president, Elon didn't run for president, but Trump, though he is also a billionaire himself. Investors believe the new administration will have a positive effect on the economy and by extension, their portfolio, so it is understandable that the price of the stock will rise, it might even soar higher once he is sworn in officially next year.
hero member
Activity: 980
Merit: 585
Leading Crypto Sports Betting & Casino Platform
Since the election on November 5, Tesla's stock price has soared by nearly 39%, and it has risen by 41% so far this year. This post-election surge has added around $320 billion to Tesla's market value, pushing it past the $1.1 trillion mark!

Well the life is full of mutual benefits and connections and that's one of the things that usually lead one to running for presidency,and  this is why Trump had alot of supporters like Elon musk as well as others too cause they would really benefits from it's reign as president and most definitely alot of things will skyrocket leading to massive growth. 
sr. member
Activity: 630
Merit: 291
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No doubt that there's too many customers that are buying Tesla. But I think that there's a huge global competition with EVs and they're no longer the number one supplier of it worldwide. There's the competitor from the other side of the world and that's a chinese brand, I won't mention it because we might go far from what's being discussed. With personalities like Elon, they do care for the government and the regime that they're working it because it can loosen some regulations that could be up against their companies or in favor of it.

This is one of the reasons why Elon Musk needed to support the new administration. This time around, very openly. This is because it is good for his business empire to grow significantly under a supportive government. I've observed this across the entire world that businesses tend to thrive even more when they got government supports either financially or just creating an enabling environment for the business to thrive. It happens everywhere among big businesses and entrepreneurs.

There are levels to how these things work generally. A business have the ability to survive within the company's dogged decisions and resilience especially it's ability to evolve and improve on his deliverables, most businesses become even more stronger and extremely powerful when they got the government backing through implementation of favorable polices and programmes meant to positively drive the growth of the business within the domestic and international environments.
copper member
Activity: 2156
Merit: 983
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Since the election on November 5, Tesla's stock price has soared by nearly 39%, and it has risen by 41% so far this year. This post-election surge has added around $320 billion to Tesla's market value, pushing it past the $1.1 trillion mark! What's more, since April 2022, Tesla's stock had never been able to break the $350 barrier, and this surge has completely shattered that "ceiling.What's more, for Elon Musk, the benefits go far beyond this—his entire portfolio of ventures is poised for a new wave of growth.
Trump was running for Presidential elections, not Elon Musk, so I don't understand how you connect him with running for President. Elon Musk was only supporting Donald Trump. As far as I know, in the USA it's legal for businesses to sponsor presidential candidates in exchange for certain promises that the President will fulfill if they win.

Shield132 was right Elon Musk only supports Trump as president I mean if you say lot of businessman in America that support Trump including elon musk and the famous author of Poor Dad Robert Kiyosaki since Trump is also a businessman, there is always a catch why Elon support Donald Trump in the election but one things for sure it has to do with their business too.

If you can lobby the government you can make a profit from it.
full member
Activity: 644
Merit: 202
Since the election on November 5, Tesla's stock price has soared by nearly 39%, and it has risen by 41% so far this year. This post-election surge has added around $320 billion to Tesla's market value, pushing it past the $1.1 trillion mark! What's more, since April 2022, Tesla's stock had never been able to break the $350 barrier, and this surge has completely shattered that "ceiling.What's more, for Elon Musk, the benefits go far beyond this—his entire portfolio of ventures is poised for a new wave of growth.
Actually, this has nothing to do with it at all because Elon Musk is not running for president, he is only supporting one of the presidential candidates. Entrepreneurs or rich people will certainly approach presidential candidates because all of this will certainly be related to their business and this is also related to their policy issues later so that they are not hampered. So it is not surprising that most of the president's supporters are rulers and rich people, this is all because of business needs and so that their business is not disturbed.

Regarding rich people who want to become public officials or president, I think it is because they want to have greater authority or power than before. They may be financially rich, but being someone who has authority, no matter how much material is no longer the main thing. In addition, they need broader power or social recognition, and by becoming president, it will be easier for them to get it because the presidential realm can have a much greater impact than when they were a businessman.
jr. member
Activity: 182
Merit: 6
Since the election on November 5, Tesla's stock price has soared by nearly 39%, and it has risen by 41% so far this year. This post-election surge has added around $320 billion to Tesla's market value, pushing it past the $1.1 trillion mark! What's more, since April 2022, Tesla's stock had never been able to break the $350 barrier, and this surge has completely shattered that "ceiling.What's more, for Elon Musk, the benefits go far beyond this—his entire portfolio of ventures is poised for a new wave of growth.
   I don't personally see the connection between trump winning election and the recent rise in musk businesses you can call it coincidence what you can say is that the leverage the trump admiration is going to give to Elon musk and his business to operate because of the role that musk played during the campaign before the start of the election
sr. member
Activity: 728
Merit: 444
Since the election on November 5, Tesla's stock price has soared by nearly 39%, and it has risen by 41% so far this year. This post-election surge has added around $320 billion to Tesla's market value, pushing it past the $1.1 trillion mark! What's more, since April 2022, Tesla's stock had never been able to break the $350 barrier, and this surge has completely shattered that "ceiling.What's more, for Elon Musk, the benefits go far beyond this—his entire portfolio of ventures is poised for a new wave of growth.

Elon Musk donated more than $70 million to President Donald Trump campaign and he would have lost all that money if Donald Trump didn't win the election just like all the donators of Kamala Harris lost their money. He's benefiting from the risk he took by trusting his investment and support in President Trump that he was going to win hence I'm not worried about how much he's making and his Tesla stocks are selling. We could have been among those making profits if we bought the Tesla stocks too because they're listened on the open market. There are those that bought the stock and other cryptocurrency relating to Elon musk that he has his interest in and they've made lost of profits. Imitating the rich and do what they're doing can make us lots of profits but we shouldn't follow them blindly before we end up like those that invested in Kamala.
hero member
Activity: 3080
Merit: 603
What's the connection of this in Trump winning the election? I know that Trump is also a businessman but at the same time, this isn't his first time running for president. What's the relation of Tesla's stocks to the entire presidential race in the USA? I don't see any connection in there although I know that Elon Musk's political stand can influence a vast majority but if you're talking about his wealth, it only means that it's about Tesla's stock and other Elon's company that he has a lot of shares that he can disposed when needed.

Maybe, he just didn't mention that Elon is pro-Trump, hence, he has indirect benefit when it comes to his businesses.. In any case, the profitability of any business depends on the demand in the market. And with such development with Tesla's stock, it just translates to the fact that a lot are really buying their products.
No doubt that there's too many customers that are buying Tesla. But I think that there's a huge global competition with EVs and they're no longer the number one supplier of it worldwide. There's the competitor from the other side of the world and that's a chinese brand, I won't mention it because we might go far from what's being discussed. With personalities like Elon, they do care for the government and the regime that they're working it because it can loosen some regulations that could be up against their companies or in favor of it.
sr. member
Activity: 182
Merit: 120
Since the election on November 5, Tesla's stock price has soared by nearly 39%, and it has risen by 41% so far this year. This post-election surge has added around $320 billion to Tesla's market value, pushing it past the $1.1 trillion mark! What's more, since April 2022, Tesla's stock had never been able to break the $350 barrier, and this surge has completely shattered that "ceiling.What's more, for Elon Musk, the benefits go far beyond this—his entire portfolio of ventures is poised for a new wave of growth.
If I’m not mistaking you’re trying to point out why Elon Musk business surge high is related with Trump victory, well I still don’t agree because you can clearly see after Trump won the election a lot of promotions, business and investment gain another value. Don’t know about all but average business took advantage of the current state. If you judge Tesla in such manner what about bitcoin? I understand bitcoin is different rather you might not know if there’s a private deal or it’s a mere support from Elon Musk, when it comes to situations like this Musk knows what he’s doing definitely.
hero member
Activity: 3220
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Wealthy individuals, especially Elon Musk, certainly have more ambition than the rest of us - he's an opportunist and when an interesting opportunity like this comes along he'll take full advantage of it. And I also think it's normal for someone to take advantage of an opportunity like this to their advantage, there's no need to be hypocritical, if we were all given the opportunity to take advantage of someone and it would benefit us, we'd go along with it. So there's no need to overreact to this, and also in the US elections it's permissible for someone to donate to one of the candidates, so there's no problem with that.
I would say it's also a lot more opportunities are open to them, I have many ideas which I can't do right now, I even have a list of things that I would love to do, and some of them are small capital, like for example starting a crypto lottery on telegram, something quite easy, only requires development of a week, but marketing would cost a lot, or some of them are a lot bigger, like I would love to have a horse stable and make them race and breed for the next great horse.

At the end, if Elon "wants" something like that then he could do that in a minute, if he ever wanted horses, like 100 of them, which would be end game for me, would be something he can say in a phone talk and it would be done like in a week. That's why it's quite easy for him to be opportunistic because he can take those opportunities when we can't since we do not have the capital to do whatever we want, and he can do that because he has the capital to do whatever he wants to do.
legendary
Activity: 2772
Merit: 1127
Tesla's post-election run isn't solely a function of market sentiment. For one, analysts note that potential changes in regulation under the new administration, a function of both recent developments in AI and autonomy at Tesla, could be a major value add. For example, Wedbush raised Tesla's target price by $100, citing expectations of reduced regulation accelerating projects like Full Self-Driving and autonomous taxis.

That said, volatility in the share price of Tesla remains a fact. Up about 40% in recent days, its value often shifts with the larger economic pressures at work and Musk's other pursuits. While the growth is promising, more so for short-term investors, long-term holders may still look for consistency in performance amid industry shifts.
Indeed, not directly but I think they can affect the market indirectly because they must also have their own stock which is listed in the financial market. It is only basic to know that there will be a change once there is now a newly elect official. There is no need an analyst for it even though they have more experience than us. AI is a latest technology that everyone is now considering. It also helps someone to stay on the loop. So yeah, it could add a major value to the company.

I think regulation has nothing to do with the technology of Tesla and there are even other car manufacturers that has that same tech but Elon still have a connection with Trump, so it might still help them grow.
legendary
Activity: 3346
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If you can become leader of any country it’s clear the power can be used & manipulated to make lots of money. Nobody leaves Presidency poorer than when they started. Politics is dirty & leaders use war & black swan events to make big money. Being in control of regulations, laws & insider knowledge can be used to massively increase net worth by those in power.
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