I think there’s a post of me somewhere saying don’t be surprised if the relationship lasts longer than expected. I do try and refrain from making political predictions, or rugby ones, so I’ll try and heed my own advice more in future.
I'll be called a conspiracy theorist for this...
When the tarriffs came in the markets plummeted, I bought in hard. They rebounded as expected, my sp500 stock bought at 4900 are now 5900.
As soon as these 2 started their feud, Tesla stock dropped 15%... that's right I've bought in again. Why?
No other car manufacturers stock has dropped because of the announcement of EV grants, it's the petty shooting across Twitter that's wiped 150b off Tesla.
I bought in at 282, it's already up 4.4% pre market to 296.
Like the tarriffs, this may well be another market pump, lose 100b in December, recover, lose another 100b in March, recover, lose 100b in June...
June 24 Tesla was worth 200, meaning it's stock is still near 50% up in 12 months.
My belief is this may well be theatre, or at least designed by 1 party (probably Elon). I may be off the mark, but my instinct when Tarriffs were announced was it was short lasting, so I took a big financial risk on the market, my instinct says the same here.
God I hope I'm not wrong hahahahaha