Typical market manipulation move. He’ll probably announce something regarding bitcoin and the federal reserve today to artificially bump that up too.
Typical market manipulation move. He’ll probably announce something regarding bitcoin and the federal reserve today to artificially bump that up too.
Except his cult is made up of trailer park dwellers that elected him because they couldn’t afford the $100 it takes to fill up their 2004 RAM 3500. Those people aren’t buying Teslas which is why their stock is down 50% since the beginning of the year.
Your comment makes it seem that you haven’t spent much time in the suburban south near any mega churches.
Those who haven’t already will gladly trade in their Escalades and Cayennes for a Model X if their pastor tells them to.
Stock price isn’t based on what people are buying, it’s based on what people think the value of the company is.
If the president endorses a product, the market as a whole values the company that makes said product more.
Case in point, Tesla stock is up over $8 since Trump’s announcement.