Summary
Elon Musk distanced himself from Trump’s tariff policy, criticizing Commerce Secretary Howard Lutnick and trade adviser Peter Navarro.
CNBC reported Musk lost over $30bn since the tariffs were announced, amid stock market volatility and falling futures.
That financial hit may explain his sharp jabs at officials defending the policy. Musk advocated for a U.S.–EU “zero tariff” trade zone, diverging from Trump’s approach.
Meanwhile, protests against Musk and Trump escalated, and Musk’s political spending failed to sway key elections.
Tesla lost 10%, just on Friday.
Lots of wealthy people in the trump admin are going to be pointing fingers this week.
Only two more hours till markets open, who’s ready for some schadenfreude?
TSLA has been a great source of joy recently.
Asian indices are down double digits (percentage). FTSE “holding” at -4% as of this post.
I’ve always wanted to put like $20 over there so I could say:
Like that old Aqua Teen joke.
It’s down another 7% this morning pre market open. 🤣🤣🤣🤣🤣
It might fall so much they have to do a halt
7% is the stop, it was 6.something Friday and maybe even Thursday too.
Quick edit:
7% across the board, there’s no individual halt for specific sticks.