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News@lemmy.world · 4 months ago

Elon Musk says backlash against his DOGE government cuts is hurting Tesla stock

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Elon Musk says backlash against his DOGE government cuts is hurting Tesla stock

return2ozma@lemmy.world to

News@lemmy.world · 4 months ago

cross-posted to:
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Shares of Tesla entered Monday down more than 34% year to date, and the stock has been cut nearly in half from its peak in December.

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4 months ago
The austerity is an attempt to offset the money the US will lose from tax cuts for the ultra wealthy.

It’s their way of giving the appearance of a balanced budget.

In reality, the austerity measures are just another transfer of wealth to the ultra wealthy.

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