Musk again distances himself from Trump tariffs
www.independent.co.uk
Tesla and SpaceX boss has already taken shots at the president’s trade czar Peter Navarro and has since said he wants to see the U.S. and Europe move toward zero tariffs

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.

  • givesomefucks@lemmy.worldEnglish
    23·
    11 days ago

    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?

      • givesomefucks@lemmy.worldEnglish
        1·
        10 days ago

        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.

  • futatorius@lemm.ee
    1·
    8 days ago

    Their lack of solidarity won’t save them from the deluge.

    “On the 31st floor, a gold plated door won’t keep out the Lord’s burning rain.”