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This is most probably illegal, even in the US. But, oh well, it's just Wednesday in naziland.
It's almost certainly a huge ethics violation. And it's disgusting. The gop doesn't even pretend to have integrity anymore.
No market manipulation is illegal in the USA for quite some time now.
Illegal is only illegal if someone is willing to prosecute it. Who pray tell is going to charge the Secretary of Commerce?
Google that guy and his relationship with Tether Inc.
Okay, got it. I’m a bit confused though about how that changes my statement around the fact he won’t be charged.
I think they meant it just as a "he's even more slimey then you think!" not an indication of if they'd be charged or not.
The Democrats are going to have to wave those little round signs extra hard.
And then vote for the bill that makes this legal.
Commerce Secretary is heavily invested in tesla stock.
dump that stock.
make the bank collect on Elon tesla stock loan collateral.
make Elon pay taxes on that stock.
He forgot the Golden Rule.
Never bet on a fucking Nazi.
- Never get involved in a land war in Asia
- Never go up against a Sicilian when death is on the line
- Never bet on a fucking Nazi
Never try to invade Russia during winter
Unless you're the Mongols of course.
“Elon Musk is probably the best person to bet on I have ever met,” said Lutnick. “And I think, we all know that, I mean, gosh, in the same week that he saves astronauts with his rockets that he invented — imagine that. He’s building, he’s building the coolest robots you’ve ever seen. Go online and look up ‘Optimus’ — it’s the coolest thing you’ve ever seen, we’re all gonna be buying robots, they’re gonna cost about $30,000, you’re buying a Tesla robot, and anybody who doesn’t buy a Tesla robot is gonna be silly, no one’s gonna be keying anything. Elon Musk is the best entrepreneur and technologist in America and I’d bet on him — I wish I was allowed, but I’m not allowed to buy any stock!”
Thank you for this transcript. I doubt I could have made out anything of what Lutnick was saying given how deep into Elon's asshole his tongue appears to be.
he saves astronauts with his rockets that he invented — imagine that.
No, he didn't.
He’s building, he’s building the coolest robots you’ve ever seen.
No, he doesn't.
This literally reads like a child's homework assignment to "write about your hero" lmao
The fascism stage lol
That's awesome
Remember Trump 1.0 selling beans straight from the White House?
Apart from that, TSLA most certainly is not good to bet on, despite its owner being one of the richest and most powerful people in the USA rn.
It‘s a bad bet because he is so insanely rich and powerful. Just take a look at Putin‘s Gasprom. Oligarchs know how to extract money out of a company before lesser oligarchs can get their hands on it. Avoid any stocks that are too close to the government right now.
I do not remember trump selling beans. It honestly sounds more like something from the Carter playbook. I can imagine Carter with a nice little bean farm. I cannot envision trump doing even miniscale farming.
Carter literally had a peanut farm. It was so controversial that a president would own a farm that he sold it to avoid a conflict of interest.
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Next week they'll probably try to rename the country as United States of America sponsored by Tesla Motors.
United states of Tesla sounds better.
I still prefer United States of Moronica.
Just the year. The start of subsidized time.
When the government starts promoting particular products, whether it's Goya beans or Teslas, there is a line being crossed. This administration is completely topsy-turvy.
The precedent was set with Goya. It's now only permissible to the GOP. President sponsored private businesses is such a fucking insane thing.
Disgusting. His "joke" about running over the reporter is even worse.
They're starting to reek of fear...
Encourage the public to buy it while executives unload millions, yeah, wonder why they are recommending that.
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Having these guys shill for Tesla is not going to help the stock. It looks desperate. It turns off the core buyers even more.
There are two groups of Republican at this point. There are quite a small number of ultra rich people. There is an army of mostly not that well off folks. The latter cannot afford Teslas and have seen them as the enemy forever. This is going to highlight that the main GOP principle is supporting rich allies. It shines sunlight on a very dangerous fact.
Elon is really unpopular right now and “regular” republicans feel like he and DOGE are attacking them. Then they see the Trump administration rallying to support him. The GOP does not care about them but does care about him.
This could backfire on the GOP and it is not going to sell a lot of cars.
Elon is really unpopular right now and “regular” republicans feel like he and DOGE are attacking them.
Only those who have been personally harmed. The rest of them, and that's the vast majority, actually believe Elon is cleaning up the government and finding/eliminating corruption. I work with one, he's convinced everything DOGE has found and cut is corruption/fraud, the kids who are rooting through the Treasury are geniuses capable of finding things that no other administration has been able to (or been willing to?) find, and ultimately the Government is going to run more efficiently and taxes can be lower for regular people when it's all said and done. They're too deep in the rabbit hole to see the light.
People who take this advice are going to be disappointed when Tesla gets outcompeted by every other EV company and it drops to zero. It's just like the trump shitcoins. Just scamming their base at every turn because they've gotten used to lying about everything without consequences.
matter of time before Seattle starts disregarding tariffs and dumping teslas into the harbor
So much for the old "the government should not pick winners and losers!" line conservatives used to swear by...
Repeat after me:
Every accusation is a confession!
Except for the fact that he is single handedly responsible for a massive decrease in teslas value. I would not bet on anything he touches because even if he were loved inside the US, he is now despised everywhere else. Tesla was built on left wing progressive ideals and so was spacex, and solarcity, etc etc. Musks turn to the right betrays all of those who liked his companies for ideological reasons. I don't expect tesla stock to recover any time soon.
This.
Not sure how he imagined a hard pivot from the left to the right was going to pan out.
Early on I was a huge fan and kept telling others he wasn't like the other CEOs, it wasn't about the money. It became obvious a couple years ago I was horribly wrong. The worst part is some of the people who distrusted him before now are all in.
These people are not charismatic at all, I don't get how they keep fooling people.
He's been a known union buster for a long time tho
Yeah at that point I was still believing his BS about how it wouldn't be good for the employees or the company. I just got hopped up on someone finally helping stop climate change in a meaningful way.
Simpler times...
Yes fox viewers, you can be bag holders, do it.
tesla must be loving their image shifting from a "cool tech company" to a brand only loved by insufferable partisan pricks.
So the big guys want to dump, right? Is reverse Cramer still up?
We'll be back with more US government right after these messages!
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this post was submitted on 20 Mar 2025
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