I get it now—no wonder so many wealthy individuals are running for president! - page 2.

Kelward

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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.

The subject of your topic is quite different from the content of the post, but we get the point that you're trying to make, money and power goes hand in hand. To sustain wealth it's either you're in power or you have influence among the power holders, if it's not so, then their policies can witch-hunt your wealth. Being in power or having affiliate with people in power guarantees that your wealth is secured and it will be increasing because of favorable policies to your advantage.

Having all the money and being super rich can be a driving force for some people to go into politics, that is why you will see a super rich man like Donald Trump, still contesting for elections. When you're so rich and you can't have control beyond your establishments, I believe it is one of the driving force for the rich people to go into politics. Money alone does not give the rich people total control, they need to be in total control, like being a president before they can feel that they're the conqueror.

Wind_FURY

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Quote from: franky1 on November 15, 2024, 03:20:11 AM

the reason wealthy people run for president is simple

political parties lobby a front runner for their party whom actually has some form or managerial/ceo experience whom can show they can delegate tasks and make crucial decisions.. also well known business men have the work history to show experience and skills.. compare that to a unemployed homeless person no one knows anything about

the main job of a president is to delegate tasks, such as get some other guy to manage a department
this is why trump won. because he is not strong in doing things himself but he is good at getting others to do the hard work while he takes the glory

It perhaps is also because Trump has meme-like qualities that made him a winnable candidate among the G.O.P., because if without it, and/or without his sort of personality, would he actually be considered in the primaries? I believe not, not even if he was the best in management/administrative abilities.

Personally, from a "greed viewpoint", I'm happy that he won, obviously because he's more favorable for Bitcoin than the other candidate.

ultrloa

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Quote from: CageMabok on November 15, 2024, 05:59:06 AM

Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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.

It’s possible that Musk’s endorsement of a candidate could have a much bigger impact on him, and one of those is the increase in Tesla’s stock. Elon Musk has been so supportive of Trump for president that he has actually benefited from backing the right person that there has been a pretty good return for his own business and that has been evident this month. In addition, the spike in Bitcoin prices has also continued to occur this month, which even reached the range of $93K and this has also surprised many people because previously I did not think that Bitcoin would reach such a high price this month.

He get a lot of exposure on Trump's campaign and he's well known individual that support Trump. So whatever victory gotten by Trump those people associated with him will be carried out by that event. That's why we see bitcoin hype spread out and we see great pumps from this coin. Also maybe this is same like effect what happen to Tesla stock since many people got hype to buy some shares and demand rise which cause the price to shoot up to.

That $93k milestone really surprised people since no one expect that bitcoin will reach above $90k since many people lose their faith that incident will happen since its like bitcoin is not showing any same like situation what happen to them. But everything lift up when Trump win so I guess any possibilities that people didn't expect would really come especially if there's certain event that can help it to achieve this kind of growth.

CageMabok

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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.

It’s possible that Musk’s endorsement of a candidate could have a much bigger impact on him, and one of those is the increase in Tesla’s stock. Elon Musk has been so supportive of Trump for president that he has actually benefited from backing the right person that there has been a pretty good return for his own business and that has been evident this month. In addition, the spike in Bitcoin prices has also continued to occur this month, which even reached the range of $93K and this has also surprised many people because previously I did not think that Bitcoin would reach such a high price this month.

Swordsoffreedom

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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.

Have you ever thought that if Harris won the election and what would happen to Elon and his business? Certainly, if Harris was elected, his career would end when supporting publicly for the candidate Trump. It is a large gamble and the price will be very expensive if any mistake occurs, so I think that anyone who accepts such a big trade is worthy of the reward they receive. That is why there are not too many entrepreneurs or corporations to publicly support a candidate.

As well as some people said, Elon wants to participate in politics because it is beneficial for his business. He did not run for the president and he didn't have the opportunity to do it even if he wanted it. Because as I know, he is an immigrant from South Africa and only those born in the United States can run for president.

franky1

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the reason wealthy people run for president is simple

political parties lobby a front runner for their party whom actually has some form or managerial/ceo experience whom can show they can delegate tasks and make crucial decisions.. also well known business men have the work history to show experience and skills.. compare that to a unemployed homeless person no one knows anything about

the main job of a president is to delegate tasks, such as get some other guy to manage a department
this is why trump won. because he is not strong in doing things himself but he is good at getting others to do the hard work while he takes the glory

icalical

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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.

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.

AmoreJaz

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Quote from: batang_bitcoin on November 14, 2024, 05:10:43 PM

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.
Also, of course, it is how being managed by the owner himself. Since Elon already reached his status in life to be one of the wealthiest people on earth, then, it is understandable that he knows what he's doing and he knows what to do to improve his businesses in terms of profits. And that doesn't depend on being supportive with Trump alone.

alani123

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The rich class will cater to the rich class no matter what.
In the US you have demonized the Marxist school of thought and many of you still think in mccarthyist terms. You don't need to be a genius to understand basic Marx and the reality is that Marx wrote about these things around 2 centuries ago.

No matter what party a rich class individual supports today, the commonality is that they never talk about class. Neither democrats nor Republicans, they always fail to do anything to address class issues. One is worse than the other in these serious regards that keep us all poor and living paycheck to paycheck. No matter which one of the two big parties goes into power, these things never change. The rich get richer and the poor poorer.

Felicity_Tide

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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.

What do you really mean by wealthy people running for president?, Because I believe that the hype behind this just concluded US election is not just financial related, but it concerns how other things can be addressed, and I guess you are aware of most of them. Musk really supported the campaign because he had his own expectations, but he wasn't just the only one. We had people from the crypto and none crypto community supporting trump as well. To be very clear, Tesla isn't the only stock that benefited. Other stocks and sectors experienced similar, and I believe you saw Bitcoin recently?.

batang_bitcoin

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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.

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.

Fortify

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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.

Never underestimate the "wisdom" of crowds is maybe a polite way to say this, but then it appears that Musk has been placed in a very prominent government position and is almost running the same businessman into politics road as Trump. Even if you don't like Elon, you have to admire the way that he has engineered his way into power because it just shows how broken the entire capitalist system has become in America - corporate capture is now complete. Those with money have been able to angle themselves into the highest seats of power, there is not even the pretense that they are going to make deals any more and it is descending into a dictatorship type of mentality. The next few years will be very interesting.

348Judah

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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 we are not going to be biased about the general markets performances in crypto, we all know that after the just conclusion US election, many of these coins are fast rising, this begins with bitcoin and we are hitting all time highs on it, should we now because of this make a conclusion on the others peoples opinion and take over from there, bitcoin is not for the wealthy and it's not being manipulated by the whales.

South Park

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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 do not see how anyone could be surprised by this, politics and wealth have always been connected, it is just that many times the rich took a backseat and they tried to influence politicians behind closed doors, the only difference is that now everything is more open than ever, so you can see what is going on way more clearly, however we cannot discard that even if there are great economic incentives for the rich to get into politics, the possibility that they get into politics with the desire to help others is real too.

robelneo

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OP should correct his post, There's a misconception that Trump is the owner or part owner of Tesla, wealthy individuals have the funds for campaigns and their having a position in the government is part of their extension of their power as an investor and businessman, Everything is easy if you have a position in the government, your businesses are safe and you can give huge favors to your partners in government contracts.

Synchronice

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Quote from: mindrust on November 14, 2024, 01:09:11 PM

That’s just tesla, who knows how many dogecoins he has. Doge has nearly quadrupled in a month or something. Not so long ago it was 10-12 cents and as far as I now it hit 42 cents lately. Imagine the profits he had from this pump. Elon is the ultimate winner of the elections imo.

Don’t make any mistakes though, there are many companies that support the demo•rats. Like microsoft and google. These companies donate the demo•rat party huge amounts of money but nobody talks about them as much as they talk about Elon which I find strange.

It's funny how a good marketing can increase the value of the most invaluable thing, Dogecoin is the perfect example.

Let's not call them demo*rats, Joe Biden acted like a real man, accepted the defeat and promised Trump a smooth transition while Trump was crying like a little girl when he lost elections in 2020. Oh, in 2020 it was rigged because he lost but it's not rigged now because he won? C'mon. In this case, Joe Biden acted more like a man than Trump and he deserves praise for that but who knows, maybe behind the scenes they are friends Cheesy

I watched Trump's meeting with him and he said thank you so many times Cheesy

And then said that politics is tough but today is a beautiful day and thanked him again.

By the way, they talk much about Elon and the supporters of Trump because they don't share much liberalism and are more on a so called toxic masculinity side. Might sound crazy but Trump and his supporters are called toxic masculine by liberals, which are very soft. I think that the world doesn't want any more liberalism at this level where gender and other issues arise at such a high level, people want to return back when things were near to normal, men were men and women were women, that's why many people probably vote for Trump.

mindrust

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That’s just tesla, who knows how many dogecoins he has. Doge has nearly quadrupled in a month or something. Not so long ago it was 10-12 cents and as far as I now it hit 42 cents lately. Imagine the profits he had from this pump. Elon is the ultimate winner of the elections imo.

Don’t make any mistakes though, there are many companies that support the demo•rats. Like microsoft and google. These companies donate the demo•rat party huge amounts of money but nobody talks about them as much as they talk about Elon which I find strange.

aioc

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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!

Different title and different subject for correction: for correction, Trump did not own Tesla, Elon did, many wealthy business man run for office not only for presidency but all other office where they can protect their business where they can have an advantage over their competitive.
In our country alone, the relative of mayors control the major businesses and contracts from the government in their jurisdiction They can do this because they can bribe the ombudsman to make them blind on their activity, this so rampant in the third world country.

Wind_FURY

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Quote from: UTON Blockchain on November 14, 2024, 03:28:53 AM

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.

It simply means that the market believes that Trump will be better for the economy than during the president in 2022.

¯\_(ツ)_/¯

I personally don't know if that's actually true, but I honestly HOPE it's true for Bitcoin. If you're a Bitcoin HODLer, then you should HOPE it's true as well.

bitzizzix

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What you need to know is, business and politics are different and both have different skills and Elon Musk is not suitable to be president, and besides that what you need to know again is, even if Elon Musk wants to, he will not be able to run for President of the US because one of the strong requirements and which will be valid to occupy the position is to be a native citizen of the United States and Elon Musk is not a native citizen of the US, and Elon Musk was born in South Africa. Elon Musk only supports Trump to become President of the US and it will be an advantage for Elon Musk if Trump is elected because this can be said to be a business that will benefit Elon Musk.

Topic: I get it now—no wonder so many wealthy individuals are running for president! - page 2. (Read 411 times)