#Tesla’s Profit Fell 55%, Adding to Concerns About Its Strategy
The first-quarter results will very likely fuel worries that competitors will continue grabbing a bigger slice of a #market dealing with slowing #ElectricCar sales.
#TrumpMedia merger wins investor approval, netting #Trumppotential windfall
TFG will own ~60% of #TruthSocial, which at its current share price would be worth ~$3.3B.
A lockup agreement will prevent him from selling the shares for 6 months.
A long-delayed move that will open the owners of TruthSocial to stock-market investors & grant Trump a stake worth billions he could use to pay down his #legal#debts.
#Trump’s allies & company execs will also be granted bundles of shares in the new company that could be worth millions. But trading on the #stockmarket will also open the company to more public scrutiny, & any drops in share prices would affect the value of those stakes.
Critics have said #TrumpMedia is a “#MemeStock” w/a >$6B valuation they say is out of sync w/its financial outlook. TrumpMedia lost $49M in the first 9 months of last yr & brought in just $3.4M in revenue, per #DWA#SEC filing.
The classified documents case will make use of a recording which indicates that #Trump had a highly sensitive document which he knew was NOT declassified.
The chain of evidence looks strong and while there is much news media spinning, a court of law is more rigorous environment where focus on fact is primary
The latest #Trump grift in the form of #TruthSocial was floated on the #StockMarket last week. The fan base cluelessly piled into the stock. Bidding up the value of the company to about $8 billion. Today gravity made itself known as the value slid south.
Here’s the thing, #DJT has 1 million monthly users, when #ElonMusk bought #Twitter with more than 200 million users he paid $44 billion. #Musk overpaid by 50%
The #StockMarket appears to do a far better job of evaluating #DonaldTrump’s abilities than many American voters
#Trump is a mediocre businessman at best and this price chart depicts what happens when a less than mediocre company is offered on the public stock exchange.