The VW Group is the first major car company to start to face the dire reality before them. The company is closing two plants, with reports stating it might have to do 5.
In this video I discuss how the largest car market in the world is turning away from legacy auto. This is going to cause massive deflaults in this companies as tehy face the grim reality that market share is going to keep slipping away from them.
Here is an article mentioning some of the issues:
▶️ 3Speak
TM, you're said before that you're invested in Tesla, and I'm sure you saw this week that Trump promised Musk a position to head his Government Efficiency agency which Elon said he'd accept. Do you think it's likely Musk would need to sell his 12.87% stake in Tesla (411 million shares) to join the government?
I dont know the regulations but this is not a true agency. If that were the case, Trump could only appoint Musk who would then have to be confirmed by the Senate.
This is more like a Presidential commission which have advisors who recommend policy to the administration.
If Musk was joining the cabinet, Senate confirmation would be required.
As for the basis of your question, I dont know the procedure on Secretaries and their holdings.
Thanks for your answer! I had a quick look around the internet but couldn't find anything that would confirm it either way. It's going to be very interesting to see how the US Presidential Election affects Tesla - I'm guessing it'll be a wild ride.
My forecast for this election is going to affect a lot of things. Wild times indeed.
I guess this was bound to happen eventually. It happening in China early on is expected because of the low prices of their EVs. Since the EVs are also made a lot there, and there is no need to import and transport, the prices are even lower compared to other countries. The switch to EVs should get faster from here.