Elon Musk spent a fortune on politics. Voters looked at the receipt.
Exit polls showed people worried about government corruption and billionaire influence. Musk is a billionaire. He influenced things. The math is not complicated, but I understand if you need a calculator.
Picture the pitch meeting. Give hundreds of millions to one political party. Watch voters get nervous about rich guys buying elections. Be surprised. Somebody got a bonus for that plan.
Tech billionaires had a rough night. Their favorite product, the future, got a one-star review. Democrats drubbed Republicans, and the richest man alive learned that money can buy many things, but not a vibe.
Retail traders will now buy Tesla on the dip. They will call it conviction. It is not conviction. It is a hostage situation with a brokerage app.
Wall Street analysts will explain the political risk premium. They will use charts. The charts will have arrows. None of it matters. A voter in a minivan already priced in the billionaire discount, and she did it for free.
Musk has a rocket company. If this keeps up, he can use it to find a state that still returns his calls.
Photo by Kelly Sikkema on Unsplash
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