Apologies for double posting, but Tony is so painfully stupid it triggered me. Well, I say "painfully stupid", but there's an equal chance that he’s just cynically making baseless arguments, because facts, what even are those? (
twitter.com,
archive.vn)
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Once upon a time, Tony was (he claimed) using his statistics madskillz to reduce crime in Baton Rouge. Now he paints a small dip in a stock on one trading day, a dip that is not inconsistent with the stock's usual volatility, as a sign that investors are dropping any stock linked to a particular billionaire because of his (alleged!) political views.
And fucking lol at comparing Tesla's year-to-date (YTD) performance with the Dow Jones Industrial Average, which includes only 30 companies, and includes them based on share price, not market capitalisation. Anyway, with all the caveats about "what does a stock price really mean?",
Tesla is down just over 50% YTD. Tesla's listed on the Nasdaq, and
the Nasdaq composite is down 25% YTD. Tesla gets treated as a tech stock, and
the Nasdaq-100 Technology Sector Index is down 35% YTD. In a bad year, Tesla’s stock price has done badly.
Does this tell us anything about investors' reaction to Elon Musk's supposed deep-seated hatred of troons? Er, I think it probably does not. Does it even have a real, material effect on Elon Musk's wealth? Also, probably not, as much of his wealth was bound up in securities anyway, not actually sitting in his bank account.
Sorry, enough sperging. Maybe at some point Tesla can return to those halcyon days of the
Elon Markets Hypothesis, of "Gamestonk!!" and large bitcoin purchases. Will it make a difference either way to troons? No.