I get it now—no wonder so many wealthy individuals are running for president! - page 3.

avikz

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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.

Lol! This world is run by the wealthy businesses and the politicians. Probably it is less evident if US but in majority of the developing nations, politicians are just the puppets of the billionaires.

I can take my country for example -

1. When a specific person became Prime Minister of my country, all contracts to run the airports, food storage and docks are given to a specific organisation.
2. Another specific organisation was given a freehand to break the rule of competition commission to provide free mobile and data services for 6 months.
3. The alum development contract in the most expensive city of my country was given to a specific organisation without going through usual formalities.

So what happens with Elon's company, is not something exceptional. That was very much expected.

Spaceman1000$

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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.

For Tesla stock price to skyrocket shouldn't be coming as a suprise because of the role Elon musk played during the just concluded U.S election, his stance for total support of Donald Trump is one of the enabling factors. Ordinarily as a business man, he would have decided to mind his business and stayed silent without wanting to get himself involve in politics, which a lot of private businesses owners would have done, but as for Elon musk, he said NO, he came out all in, in public and stood firmly on the the mandate he believed would make America proud again.
So for his business to witness this upsurge within this short period of time, is simply as a result of what he had laboured for, and I also want to believe that his business too would have gotten to reduction in percentage growth if Kamala Harris had won.

MrEazyLife

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Quote from: shield132 on November 14, 2024, 04:18:23 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.

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.

Btw many wealthy individuals are running for Presidential elections because it gives them power. Life is different for wealthy people, when they have lots of money, life becomes boring for them because they can buy anything but they can't do anything, and that's when their obsession for getting power grows.

You both are making same point of view but from different perspective. The (OP) didn’t really mean Elon musk was going for presidency. But his intentions was clear and have been proven since Trumps won the election. This is what ever one who chooses to support any candidate. Even if they seems to not put their own interests at heart. In one way or the other. It always goes to their favor when h their prefer candidate whom they campaign for wins. That’s the same logic with Elon musk

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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.

This is not the first time a wealthy individual has supported a presidential candidate in the US. But this is the most open and businesslike support I have seen in recent times. Elon Musk has spent about $130 million supporting Donald Trump and reports show that he has made about $70 billion since after the elections, that's good business. This might be the beginning of what Trump's government might bring. The rich getting richer and the poor keep living in debt.

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The country I come from, my president thinks it is his turn to run for presidency because he is influential and wealthy. Most of these wealthy men run for leadership because most of them own big companies and also have shares with other big companies both international and local.
Once they get into power, they create policies and regulations that would favor them and make them get big returns.

This scenario can be linked to why Tesla is experiencing such a surge as musk endorsed trump. It is clear that the rate of Elon Musk influence has increased.

Marvelockg

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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.

in addition to wealth, strive to get connected to power; that's the summary of the previlage musk is enjoying as a result of his alignment with trump in the presidential race.

We have the likes of dangote who's now operating a monopolistic company in his country just because he has aligned himself with the government and is ready to cover some of the weaknesses of the government while the provide some sort of coverage to him.

It's only easy for him to have enjoyed this sort of benefit because he's already wealthy and had his influence before the election. If he decides to step out of the whole trump circle, he's going to continue being relevant and that's one reason why he will continue to be liked by the majority of people and his asset will keep going up. Also, one of the main reason why musk networth increased tremendously is possibly because he has a lot of Bitcoin holding he's stacked up for a long time and due to Bitcoin surge, it's going to directly affect his networth positively. Musk is not just a tech guru but also a good business that knows how to make use of people, systems and connection to his advantage.

davis196

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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.

Elon Musk is basically an oligarch. His wealth is closely connected to what he receives from the US government, in terms of contracts(Space X) or carbon credits(Tesla). His political power and influence had increased to absurd levels, after his guy(Donald Trump) won the election.
Now Musk will have to fight against American bureaucracy and regulations as a head of a newly formed government agency.
This has nothing to do with how Tesla performs as a company, but it proves how stock prices can be heavily influenced by politics.

arallmuus

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Quote from: shield132 on November 14, 2024, 04:18:23 AM

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.

The title was abit weird but you get the gist of it. Basically everyone wants a piece of the pie therefore wealthy individual tends to sponsor a candidate in return for favour when their candidate got elected. In this case, Elon Musk got a good position which technically pump anything that is associated with him like Tesla and Doge

Quote from: Reatim on November 14, 2024, 05:15:15 AM

I guess the title should be something like “no wonder why wealthy individuals cling on to political individuals”. Elon Musk was smart to side with Trump since he probably knew he had huge chance to win.

Everyone on Kamala's side knows that they had a huge chance to win as well. Its basically 50 50 before the rally started and the event decider was when Trump got shot. Bullet missed Trump but it literally hit Democratic Party and even if it was Biden instead of Kamala, Trump would have still win the election

Reatim

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Quote from: shield132 on November 14, 2024, 04:18:23 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.

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.

I guess the title should be something like “no wonder why wealthy individuals cling on to political individuals”. Elon Musk was smart to side with Trump since he probably knew he had huge chance to win. Now he is getting richer by his companies increasing value and at the same time he was given a role in Trump’s team as well. It was definitely a win-win situation but Elon Musk benefited greatly from the partnership. He basically expanded his empire.

Quote

Btw many wealthy individuals are running for Presidential elections because it gives them power. Life is different for wealthy people, when they have lots of money, life becomes boring for them because they can buy anything but they can't do anything, and that's when their obsession for getting power grows.

The worse thing is that it’s easy for them too. Since they are wealthy, they have all kinds of connections that eventually gets them to where they want to be. People adore influential wealthy people and they will vote for them no matter what their credentials are.

shield132

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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.

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.

Btw many wealthy individuals are running for Presidential elections because it gives them power. Life is different for wealthy people, when they have lots of money, life becomes boring for them because they can buy anything but they can't do anything, and that's when their obsession for getting power grows.

UTON Blockchain

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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.

Topic: I get it now—no wonder so many wealthy individuals are running for president! - page 3. (Read 411 times)