Chaos Erupts In Los Angeles
Democrats helped orchestrate the 'most peaceful' destruction of Los Angeles in order to blame President Trump for the chaos. Now, they want to take their destruction tour nationwide.
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Miami Herald
6 minutes ago
- Miami Herald
Elon Musk's public dispute sparks interest in Tesla from short sellers
Last week, a social media post from Elon Musk caused many people to stop what they were doing and look down at their phones. Even for the Tesla (TSLA) CEO, known for his controversial and bold opinions, what they saw seemed surprising. Musk had previously announced plans to cease his political spending. But only a few days later, he accused Trump of having direct ties to notorious criminal Jeffrey Epstein and alleged that without his help, the Republican president would not have won last year's election. Don't miss the move: Subscribe to TheStreet's free daily newsletter Since then, Tesla has been in the spotlight, as the dispute between two of the world's most powerful men continues. While TSLA stock initially plunged on news of the argument, it has since regained some of its momentum. Even as shares slowly trend upward, though, experts speculate that short sellers may regard the Musk-Trump fallout as an opportunity to bet against the stock. Over the past few months, Musk's behavior has sparked a global backlash against Tesla's brand, causing sales to fall across the U.S. and Europe. This clear indication of consumer sentiment toward him has caused some financial experts, including Tesla shareholder and fund manager Ross Gerber, to call for him to step down. Related: Elon Musk company reveals major leap forward When Musk announced that he would be stepping back from his role with the Department of Government Efficiency (DOGE), TSLA stock surged, and some investors speculated that the company's troubles were over. But now his falling out with Trump has generated further uncertainty. When a prominent company starts showing signs of weakness or instability, short sellers are likely to start closing in. So far, Tesla's recent declines have been highly profitable for those willing to bet against it. The Wall Street Journal reports that as TSLA stock plunged last week, short sellers pocketed up to $4 billion, noting: Betting against an industry-leading company like Tesla will always carry some risk, regardless of how bleak its prospects may appear. But experts see a case for shorting TSLA stock, provided investors understand its volatile nature, which includes surging unexpectedly. "I think Musk dragged Tesla into a political spectacle," Galileo FX CEO David Materazzi tells TheStreet. "That creates perceived instability. Short sellers don't need real damage, just the illusion of it. Volatility invites them in. When the CEO becomes the story, the stock turns into a target." Financial education platform First Information's CEO Vince Stanzione holds a short position in TSLA. He says his reasons are "business not personal," however, citing the company's high valuation and questionable market share over the feud between Musk and Trump. More Tesla News: The 'anti-Tesla' gives American buyers more good newsAnalyst sets eye-popping Tesla stock price targetElon Musk's feud with Trump is hurting an unexpected investment "The P/E ratio is over 100 and growth the last few years has been near zero," he says of Tesla. "The bulls will say you're paying for the future and Elon Musk's brilliance, and I am not disputing that Tesla could have some future hits in the pipeline, but Elon Must is very good at promising "jam tomorrow" which never seems to materialize, or if and when it does, it's not the flavour he promised." Stanzione also raises a concern regarding Tesla's foray into robotics, something on which Musk has hinged a lot of the company's prospects. This part of Tesla's business just became more complicated due to the abrupt departure of one of its leaders. Related: Heavily shorted AI stock is rapidly climbing the Fortune 500 "Unless robotaxis start showing up en masse by the end of this year, then investors will keep selling," states Stanzione. "I am very bullish on robotics. It's something I have been investing in for over a decade, especially in medical and military uses, however, Tesla is not the only game in town." He names rivals such as Hyundai Motor Group and Boston Dynamics, both of which are making notable advances in the robotics field that could threaten Tesla's progress. Chief Analyst Dan Buckley also highlights the potential valuation problem, stating "Tesla short sellers may see their edge in the long-term mismatch between its ~$1 trillion valuation and the current reality of its business – i.e., nearly all auto-based revenue – and the uncertain viability of its highly speculative emerging tech bets." That said, Buckley advises investors considering a Tesla short to "treat political feuds as a volatility amplifier rather than a directional signal" and highlights the importance of caution when betting against such an unpredictable stock. Related: Billionaire fund manager, skeptical of AI, backs shocking stock The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Yahoo
6 minutes ago
- Yahoo
Trump Derides Protesters During Speech to Troops as Marines Deploy to Los Angeles
The president defends his decision on using the military in the city before an audience at Fort Bragg. California officials blame the administration for inflaming tensions.
Associated Press
6 minutes ago
- Associated Press
US Rep. McIver indicted on federal 'charges from skirmish at New Jersey immigration center
NEWARK, N.J. (AP) — U.S. Rep. LaMonica McIver was indicted Tuesday on federal charges alleging she impeded and interfered with immigration officers outside a New Jersey detention center while Newark's mayor was being arrested after he tried to join a congressional oversight visit at the facility. Acting U.S. Attorney for New Jersey Alina Habba announced the grand jury indictment in a post on X. 'While people are free to express their views for or against particular policies, they must not do so in a manner that endangers law enforcement and the communities those officers serve,' Habba said. McIver, a Democrat, had been charged in a complaint by Habba last month with two assault charges stemming from the May 9 visit to Newark's Delaney Hall — a 1,000-bed, privately owned facility that Immigration and Customs Enforcement uses as a detention center. McIver disputed the allegations as baseless and defended her presence at the facility as part of her authorized role as a member of Congress.
