kn0wmad1c@programming.dev to

News@lemmy.worldEnglish · 1 day ago

Trump says he’ll buy a Tesla to support Elon Musk, whose companies are struggling

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Trump says he’ll buy a Tesla to support Elon Musk, whose companies are struggling

kn0wmad1c@programming.dev to

News@lemmy.worldEnglish · 1 day ago

Typical market manipulation move. He’ll probably announce something regarding bitcoin and the federal reserve today to artificially bump that up too.

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kn0wmad1c@programming.devOP
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1 day ago
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.

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