Summary
Elon Musk distanced himself from Trump’s tariff policy, criticizing Commerce Secretary Howard Lutnick and trade adviser Peter Navarro.
CNBC reported Musk lost over $30bn since the tariffs were announced, amid stock market volatility and falling futures.
That financial hit may explain his sharp jabs at officials defending the policy. Musk advocated for a U.S.–EU “zero tariff” trade zone, diverging from Trump’s approach.
Meanwhile, protests against Musk and Trump escalated, and Musk’s political spending failed to sway key elections.
Tesla lost 10%, just on Friday.
Lots of wealthy people in the trump admin are going to be pointing fingers this week.
Only two more hours till markets open, who’s ready for some schadenfreude?
TSLA has been a great source of joy recently.
Asian indices are down double digits (percentage). FTSE “holding” at -4% as of this post.
I’ve always wanted to put like $20 over there so I could say:
All my money is tied up in the NICA index
Like that old Aqua Teen joke.
It’s down another 7% this morning pre market open. 🤣🤣🤣🤣🤣
It might fall so much they have to do a halt
7% is the stop, it was 6.something Friday and maybe even Thursday too.
Quick edit:
7% across the board, there’s no individual halt for specific sticks.
“If you leave anything off the list, countries that try to arbitrage America try to go through those countries to get to us,” Lutnick said during an appearance on CBS’s Face the Nation.
Umm… Doesn’t Russia have a zero tariff🤔
Yep, it was excluded from the tariff list despite being part of “the rest of the world”.
Along with Cuba, Belarus, North Korea.
I think it’s stupidly obvious who holds Trump’s leash.
That video was painful to watch. I am a little dsappointed in the presenter for not pointing out that the islands in question are part of Australia and therefore already covered, she seemed like she was ready to pin him down
This is how they react to getting caught.
Their lack of solidarity won’t save them from the deluge.
“On the 31st floor, a gold plated door won’t keep out the Lord’s burning rain.”
