It means more centralization in the world, what is quite concerning, although at same time there is nothing we can do about it, besides watching the next episodes of this novel. Elon Musk is lurking for political influence since some years ago already, when he started getting involved with different politicians and presidents in many different countries. Now with Trump it's like he has hit the jackpot, as he is by the side of the president of the largest world's potency. Imagine how many fruits this alliance is going to guarantee him in the following years.
What I can say to people is to be strong enough to resist the temptations of putting money above everything. Individuals like Musk use the strategy of offering money to people in order to achieve their personal goals. They buy people's opinions and dignity, so they can increase their influence and control in the world in order to reach even higher levels of dominance.
Topic: I get it now—no wonder so many wealthy individuals are running for president! - page 2. (Read 506 times)
November 15, 2024, 02:25:42 PM
November 15, 2024, 12:48:55 PM
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.
November 15, 2024, 12:12:38 PM
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 not been hearing Trump saying tax cut and all of that since day one? Elon is a billionaire and so is Trump. They are both running business empire outside politics but Trump wanted power because he thinks his tenure was snatched from him and you can see Elon has been crying like a baby, trying to avoid tax as possible, he doesn't own a house and all because he don't want to be exploited by the government, that's what Biden administration is doing to him.
I don't think they were that closed before now with Trump, Elon has the media to get attention of people since mainstream media is very good at manipulating the news. So he used the opportunity to get in someone that will help him reduce his tax and also an alliance for more money to his Tesla. If I were you, wouldn't you support Trump to win the election? That's the benefit is enjoying now and I think it's even the beginning of his more wealth to be the richest man alive.
November 15, 2024, 10:48:57 AM
Now you also understand why many wealthy people are donating to one of the running presidents. There are so many perks they could get once that president wins. It's not just about the stock price or other businesses going to be more valuable but also the power. When a president owes you for helping him win his campaign, you also have the power to be untouchable. One traffic problem is just one call away to the president and so many other perks you will receive like a VIP of that country.
Before, I thought those millions of dollars came from the running president himself but it's not. In some third-world countries' mayoral elections, they even pocket the donated money so they will still have some even if they lose. Most would do this because they know they cannot win the race.
Okay, it's profitable to be friends with a winning party if your friend recognizes your efforts or is grateful enough to reward you. You know, some people, after supporting them as a friend, they might not return the favor. However, in the case of Trump and Elon, it's obvious that Trump is repaying Elon Musk for his support, which has contributed to Musk's share increase. We hope that when we support our friends and they reach the top, they don't forget us. Before, I thought those millions of dollars came from the running president himself but it's not. In some third-world countries' mayoral elections, they even pocket the donated money so they will still have some even if they lose. Most would do this because they know they cannot win the race.
November 15, 2024, 09:56:15 AM
Now you also understand why many wealthy people are donating to one of the running presidents. There are so many perks they could get once that president wins. It's not just about the stock price or other businesses going to be more valuable but also the power. When a president owes you for helping him win his campaign, you also have the power to be untouchable. One traffic problem is just one call away to the president and so many other perks you will receive like a VIP of that country.
Before, I thought those millions of dollars came from the running president himself but it's not. In some third-world countries' mayoral elections, they even pocket the donated money so they will still have some even if they lose. Most would do this because they know they cannot win the race.
Before, I thought those millions of dollars came from the running president himself but it's not. In some third-world countries' mayoral elections, they even pocket the donated money so they will still have some even if they lose. Most would do this because they know they cannot win the race.
November 15, 2024, 09:52:29 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.
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.It's a common culture amongst business tycoons to rally around the candidate with some sort of higher chances of winning in any county's general election because they understand what they stand to gain and the privileges it could lend to them through policies and other aspects.
Supporting a candidate isn't against the law though but one must tread carefully, playing his cards well not to misfire by supporting a candidate that failed to emerge winner else the other party in victory could frustrate you as a businessman with unfavourable policies under their administration to serve as a lesson to others.
November 15, 2024, 09:34:59 AM
Musk has definitely the ball in terms of publicity and with the upcoming administration, it will be favorable towards the electric vehicle industry or sector. I think the close ties with Trump has definitely been a catalyst for Tesla. It could be even higher if the "efficiency" thing that he was assigned performed best. I think this is a boost for Tesla.
We all know that if you are in charge of something or close with someone who is, you can get some incentives.
We all know that if you are in charge of something or close with someone who is, you can get some incentives.
November 15, 2024, 09:29:24 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.
November 15, 2024, 08:58:15 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
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.
November 15, 2024, 06:07:44 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.
November 15, 2024, 05:59:06 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. legendary
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November 15, 2024, 05:47:56 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.
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
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
November 14, 2024, 10:36:52 PM
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.
November 14, 2024, 06:47:36 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.
November 14, 2024, 05:57:10 PM
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.
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.
November 14, 2024, 05:20:14 PM
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?.
November 14, 2024, 05:10:43 PM
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. 
November 14, 2024, 04:53:20 PM
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.
November 14, 2024, 04:14:07 PM
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.
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