Tornado Alley (PROG)

[newmedman]

Tesla is floundering. Their sales are in the shitter and Elon has directed Nvidia to send all the chip shipments to X and xAI away from Tesla.

https://www.cnbc.com/2024/06/04/elon-musk-told-nvidia-to-ship-ai-chips-reserved-for-tesla-to-x-xai.html

They only sold 7000 swasticars in the first quarter and the second isn't looking much better for them. Diverting the chip shipments should be a huge red flag but it's a meme stock so shorting it is a risky situation to try. He's talking about robots and self driving cabs but has none of either. It's just bullshit.

Trump calling off the EV subsidies doesn't help him at all, so that's why he's trying to suck back up to him. It's not going to work. The genie is out of the bottle and as if Trump isn't embarrassing enough, Elon only made it worse.

38% favorability for Trumpty from Quinnipiac is a huge kick in the nuts.