TL;DR
Trump’s Tesla endorsement wasn’t business; it was a cynical play that left small investors like John broke. This echoes past financial disasters—a reminder that ‘guaranteed returns’ are a lie.
Story
John, a small-time investor, believed in Elon Musk’s vision. He poured his savings into Tesla, dreaming of early retirement. Then, Trump’s endorsement sent the stock spiraling, mirroring the 2008 crash. John lost everything.
This wasn’t market fluctuation—it was a spectacle of cronyism. Trump, after publicly bashing EVs, suddenly championed Tesla after Musk’s endorsement. This reeks of manipulation, a quid pro quo reminiscent of Enron’s fabricated success.
‣ Cronyism: Favoring friends in business or politics, often at the expense of others. ‣ Quid pro quo: A favor granted in return for something.
How it worked:
- Trump needs positive press; Musk needs a bailout.
- They orchestrate a publicity stunt: Trump pretends to buy Teslas, Musk gets free advertising.
- Small investors, blinded by celebrity, rush to buy Tesla, briefly inflating the price.
- The insiders cash out, leaving ordinary people holding the bag.
This isn’t business; it’s a rigged game where regular folks are the pawns. Like the dot-com bubble or the subprime mortgage crisis, this story teaches a harsh lesson: blind faith leads to financial ruin.
Imagine a casino where the house always wins. That’s our current system. The wealthy rig the markets, the media cheers them on, and the public pays the price. Don’t be John. Be skeptical. Do your research. Because in this game, the only guarantee is that you’ll lose if you play by their rules.
Advice
Don’t follow celebrity endorsements blindly. Investigate, question, and remember—in the world of finance, nobody cares about your retirement but you.
Source
https://www.reddit.com/r/stocks/comments/1j9090w/trump_checks_out_teslas_at_white_house_as_musks/