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2 yr. ago
  • The base is fully bought in on the crazy idea Trump tanks the market so he can refi the debt and save billions in interest and also the fed will be forced to drop interest rates. It's crazy though bc the impact of that will be catastrophic. The reason the US is so strong economically is because the dollar is the reserve currency of the world. You lose that power then it's harder to bounce back if at all.

  • It's probably dumber than you think why they weren't on there. The formula they used to come up with the countries tarrifs rate is based simply on trade deficit calculations. So if you aren't exporting/importing from those countries they wouldn't be included. It doesn't even matter if there was a trade surplus.

    For example, take the figures for China:

    • Goods trade deficit: $291.9bn
    • Total goods imports: $438.9bn
    • 291.9/438.9 = 0.67, or 67%
    • And halved = 34%

    Sources:

    https://www.ft.com/content/e025d7e6-512d-4e82-9c25-7900b94ac153

    https://news.sky.com/story/do-trumps-tariff-numbers-add-up-after-liberation-day-announcement-13340903

    https://www.theguardian.com/us-news/2025/apr/03/trumps-idiotic-and-flawed-tariff-calculations-stun-economists

  • There have been multiple companies who have gone through public image issues that have survived, but never regained their original status in the market.

    The thing that it has been with Tesla is the company value never made sense and it was driven by hype for Elon and his "genius vision". With that facade going away the stock should continue to adjust to closer to other comparable car companies. Even recently they had a trailing P/E ratio of 121. That's crazy with only so few things in their product pipeline that we know about.

    So the question now is how does the new public perception impact any new products they launch in the near term and how do they recover the confidence of the consumers? Not saying that it can't be done.

  • Tesla has been losing ground for a while. They were one of the first mass produced EVs with charging infrastructure, but now what makes them special? They have positioned themselves as a software/ai company but it was just a way to boost stock price. They don't have full self driving (fsd) that's been promised as next year for the past 10 years. On top of it they only rely on cameras for fsd and no lidar systems so I don't think they'll ever get full clearance outside the US.

    So even if they ditch Elon I'm not sure if the sentiment can be brought back. Sure they may not go bankrupt but the stock should fall in line with other auto manufacturing companies.

  • Technology @lemmy.world
    joekar1990 @lemmy.world

    "Subscribers to X Premium, which grants access to Grok, have been posting everything from Barack Obama doing cocaine to Donald Trump with a pregnant woman who (vaguely) resembles Kamala Harris to Trump and Harris pointing guns. With US elections approaching and X already under scrutiny from regulators in Europe, it’s a recipe for a new fight over the risks of generative AI."

    NFL @lemmy.world
    joekar1990 @lemmy.world

    NFL cuts tracker 2023