No. of Recommendations: 2
Their primary product appears to be serving as a conduit to bribe a POTUS (assuming he wins). Otherwise, they got nuthin'. But shareholders from January (or before) are probably pleased since their shares have gone up ~50%. Those who bought at the peak are down ~50%. If Trump loses in November, they'll lose a lot more because they will have a worthless product. I suspect a lot of those early shareholders bailed when they saw the spike in Feb.
In other news, Musk and Tesla. I don't follow TSLA anymore, but apparently the bad news has been piling up. They're down from a year ago by 17% (as I type this), and YTD almost 42%. Ouch. Some of the financial headlines seem to imply that Musk is fighting for his position at TSLA, though he does own over 20% of the company. Unlike DJT, TSLA has an actual product (several of them). But they are facing more competition from established players (like VW, Kia, Hyundai, Nissan, GM, Ford). IMO, their big advantage is their enormous charger network (a brilliant move by Musk early-on). Again, I don't follow TSLA anymore in part because I think the stock doesn't really reflect the value of the company, and because -as one financial writer put it- of their "mercurial" leader.
Conservative or not, financial writers and "finance people" don't mess around when it comes to money. Which is why FOX Business is reasonably well respected, while their "news" organization is mostly laughed-at (and occasionally has to pay out large settlements).
