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Started By
Message
Musk slams Navarro
Posted on 4/5/25 at 11:55 am
Posted on 4/5/25 at 11:55 am
quote:
lon Musk took aim at Peter Navarro, as the top Trump trade advisor continues to defend the president’s sweeping tariffs.
“The market will find a bottom. It will be soon, and from there, we’re going to have a bullish boom, and the Dow is going to hit 50,000 during Trump’s term,” Navarro said on CNN Saturday.
“A PhD in Econ from Harvard is a bad thing, not a good thing,” Musk wrote in a post on X, responding to a post on the social media platform by a user touting Navarro’s qualifications.
Musk — whose DOGE team is engaged in a controversial effort to cut federal spending, including mass layoffs — also said that Navarro hasn’t built “s--t.”
The billionaire SpaceX founder, who has been an influential voice during the early days of the Trump White House, may be leaving the administration in the coming months, NBC News reported this week.
From CNBC this morning.
6
Posted on 4/5/25 at 3:07 pm to bigjoe1
Why?
Posted on 4/5/25 at 3:08 pm to bigjoe1
LINK??
Posted on 4/5/25 at 3:26 pm to Fat Bastard
Posted on 4/5/25 at 3:27 pm to bigjoe1
CNBC
Posted on 4/5/25 at 5:39 pm to bigjoe1
Well tariffs are extremely painful for musk considering the majority of Tesla sales are overseas..
Makes sense he wouldn't be on board
Makes sense he wouldn't be on board
Posted on 4/6/25 at 8:42 am to UltimaParadox
But he has factories in China and Europe capable of producing model 3's and Y's. Supply chains are also pretty well contained regionally too. Batteries might be the one thing that he's upset over.
Posted on 4/6/25 at 8:44 am to TaipeiTiger
quote:
But he has factories in China and Europe capable of producing model 3's and Y's. Supply chains are also pretty well contained regionally too.
Those countries didn't make any claims that if you build over there you are exempt from tarrifs. Tesla is US based so would assume he would still owe.
Plus the only growing part of Tesla's business is energy storage. Almost 100% of the batteries found in the mega packs and power walls are imported from China. Mostly using CATL which is quickly becoming the dominant player in LFP batteries.
This post was edited on 4/6/25 at 8:50 am
Posted on 4/6/25 at 9:01 am to bigjoe1
Odd disagreement for 2 trump loyalists
They really should not be feeding the press their differences
It undermines the decisions
They really should not be feeding the press their differences
It undermines the decisions
Posted on 4/6/25 at 9:06 am to SlidellCajun
Wondering too if stock market declines are getting to Musk. Read yesterday that Musk, Bezos, and Zuckerberg have each lost in excess of $20 billion in the decline.
I've read that the vast majority of Musk's income is from exercising really low cost Tela stock options and then selling the shares.
I've read that the vast majority of Musk's income is from exercising really low cost Tela stock options and then selling the shares.
Posted on 4/6/25 at 9:13 am to bigjoe1
I thought Elon was running the country and all the decisions came from him? Wasn’t he supposed to be a quadruple trillionaire by now? He has all the inside secrets!! I thought he was only doing doge for power and to get richer?
Posted on 4/6/25 at 10:39 am to TaipeiTiger
quote:
But he has factories in China and Europe capable of producing model 3's and Y's. Supply chains are also pretty well contained regionally too. Batteries might be the one thing that he's upset over.
Tesla's main suppliers of lithium are from (1) China, (2) Australia, and (3) Chile. And that's just one of the many metals that go into their batteries. There's also the nickel, cobalt, manganese, and graphite -- the vast majority of which is mined in other countries.
Saying something like "Tesla manufactures in-market so they're fine" is at best sophomoric and at worst asinine.
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