this post was submitted on 06 Jun 2026
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TSLA was at $297 this time last year and it's trading at $403 today. I'll spot you that it's off the $485 peak. But it's been on an absolute tear for the last six years.
Government contracts are the lifeblood of every big corporation. Half the reason why business execs at Fortune 100 firms are so slavishly loyal to whomever happens to be running the country at any given moment.
I don't think Trump/Hegseth are morons for giving Musk access to the unlimited money pump, given how much of Musk's money keeps overflowing into their own pockets. I think Biden and Obama were rubs for pumping up Silicon Valley stock over the last 18 years, fully ignoring how often they were getting in bed with outspoken fascists.
More broadly speaking, I think Hegseth has set the Pentagon up for failure over the next decade in the same way Rumsfeld did under Bush. But I also don't consider that a bad thing, broadly speaking. Just a shame that we're going to piss away trillions in blood, sweat, and tears at home so the US can finally get its nose busted properly in the Middle East.