How was that move legal anyway? Like... a lot of people and governments gave Musk money to develop, build and launch rockets. And now he's using it to bail out his failing social media network and CSAM peddling AI service.
Quite a few do care about the potential for job losses. On the other hand, a lot of people want cheap cars.
This dichotomy has always been in place for a huge range of specifics, both for imports and technology that makes workers less relevant. The "we want cheap stuff" argument is the one that has done best historically, though the track record of handling this badly also led to the invention of actual literal communism.
Tesla customers make great targets to sell Tesla solar. And Solar city customers make great targets of Tesla power banks. Though they should be selling old heavy Tesla batteries for stationary power storage.
Americans are absolutely not a fan of this administration and it will be severely neutered after the midterms. The Supreme Court is already doing some of that.
Americans are not your enemy, Washington (state), California, Illinois, etc (AKA the states with real economic power and all the tech companies) did not vote for this. We still believe in the rule of law and our friendships with our allies.
Wouldn’t that be for the same kinds of reasons things like purple dyes were valuable: rare to find, hard to harvest, hard to transmogrify (insect/sea life guts into clothing dye, gold into chains or other wearables), hard to break, which all culminates into a quick visual indication of wealth.
Now? Gold is a great conductor of electricity (of course silver is better) and some people still like wearing lots of flashy jewelry.
I have no earthly clue why people find it valuable to invest in other than it’s like bitcoin: it’s valuable because everyone else also thinks it’s valuable.
Never once have I read a quarterly progress report from the CEO of the element “gold” outlining profit strategies for the next year.
> I have no earthly clue why people find it valuable to invest in other than it’s like bitcoin: it’s valuable because everyone else also thinks it’s valuable.
Unlike bitcoin there is a price “floor” because of its use in jewelry and industry. Even if no one hoarded it, it would still have some value.
Just because it doesn’t generate a yield doesn’t mean it doesn’t have value. Fresh drinking water is incredibly valuable and will be more so as its supply dwindles.
reply