Trump Could Be the First Person to Turn a Profit on a Used Tesla in Years
It appears Donald Trump has moved to the 'getting rid of your ex's stuff' portion of his breakup with Elon Musk. White House officials confirmed to the New York Post on Friday that Trump plans to sell his recently purchased Tesla. Given the potential collector's value of the car, it could be the first used Tesla to actually be sold for a profit in a hot minute.
Trump bought the red Model S back in March during what could be described as a thinly disguised Tesla advertisement shot in front of the White House. Back then, Tesla was the subject of mass protests across the country, a response to Musk's efforts at the Department of Government Efficiency to fire federal employees and cancel contracts for things like housing assistance and cancer research. At the time, Tesla's stock price was starting to feel the crunch of public pressure, and Trump threw Musk a bone by giving his company a very public vote of confidence.
Since then, the car has mostly sat in the White House parking lot, available for staffers to use, per the Post. Trump hasn't driven it due to security concerns, and also because he just doesn't drive much other than a golf cart. So hey, at least the buyer knows there aren't many miles on the thing. The down side for Trump is there is lots of competition on the secondary market, as people have ditched the brand in recent months and the resale value has tanked.
Frankly, compared to the way the rest of the very public split has played out, Trump's decision to quietly sell the Tesla rather than making a big spectacle of it (so far, at least) seems almost mature. Of course, when the bar is set at implying your ex-partner is a pedophile, it's not hard to come off as the more reasonable one. There was even word last night from Politico that Trump might be open to sitting down with Musk to repair the relationship, but that window appears closed on Friday, as NBC reported Trump is not interested in taking Musk's calls.
Musk has largely quieted down since he dropped his 'bomb' on Trump, accusing him of being in the Epstein files—likely not based on any actual new information that he has, but the fact that numbers and addresses associated with Trump appeared in Jeffery Epstein's 'Little Black Book' that was published by Gawker in 2015.
But the fallout of the split has hit right-wing influencers hard, forcing them to pick a side or try fence-sitting for as long as their audience will allow them to. Things are still shaking out, but it looks like Trump got CatTurd in the divorce, while Musk got Ian Miles Cheong. Alex Jones has declared himself 'team humanity,' probably because the more profitable grift hasn't revealed itself yet.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
26 minutes ago
- Business Upturn
The Week That Was, June 1 to June 7, 2025: RBI cuts repo rate by 50 bps, BEL secures Rs 2,323 crore order, Musk-Trump feud escalates, Coal India signs MoU for rail infra
In a week marked by major policy announcements, strategic deals, and sectoral movements, the Reserve Bank of India (RBI) took centre stage by delivering a surprise 50 basis points rate cut on June 6, bringing the repo rate down to 5.50%. This marked the third straight reduction in 2025, totaling a 100 bps cut to support growth amid global uncertainty. RBI Governor Sanjay Malhotra signaled continued comfort with inflation, lowering the CPI forecast for FY26 to 3.7% from 4% and retaining GDP growth expectations at 6.5% for the year. In a liquidity-boosting move, the central bank also slashed the Cash Reserve Ratio (CRR) by 100 bps to 3%, to be implemented in four tranches between September and November, unlocking ₹2.5 lakh crore into the banking system. Further, the RBI raised the loan-to-value (LTV) cap for small gold loans up to ₹2.5 lakh from 75% to 85%, a move that significantly benefited gold financing stocks. Among corporate highlights, the RBI gave a clean regulatory signal to IndusInd Bank, affirming its accounting standards, which pushed its shares up by over 5%. Infrastructure firm Ashoka Buildcon, however, faced a setback as its ₹1,673 crore project under CIDCO's NAINA initiative encountered execution hurdles. In the energy and defense sectors, Coal India signed a key MoU with Indian Port Rail & Ropeway Corporation to develop rail infrastructure, while GRSE expanded its global presence by signing MoUs in Sweden and Denmark for cruise vessel and marine propulsion collaboration. Similarly, Bharat Electronics Limited (BEL) secured orders worth ₹2,323 crore from MDL and GRSE, strengthening its defense manufacturing portfolio. JSW Energy exited Beempow Energy for ₹302.66 crore, completing a strategic realignment, and RailTel bagged a ₹274 crore ITMS project in Maharashtra's Vidarbha Circle, aimed at enhancing road safety across blackspots and accident-prone zones. Meanwhile, KEC International won ₹2,211 crore worth of new orders across international T&D, pipelines, and cable supply businesses, reinforcing its infrastructure footprint in the Middle East and Africa. In the equity markets, Gravita India surged 4% on expectations of a government-backed critical mineral recycling scheme. Tata Investment gained 8% on reports of Tata Capital's impending IPO, while shares of ICICI Lombard and Go Digit also moved higher as the government weighed a 25% hike in third-party motor insurance premiums. Lastly, global cues remained mixed. While Asian markets were relatively steady, U.S. indices such as Nasdaq and S&P 500 dipped amid fresh tariff tensions and a high-profile online spat between Elon Musk and Donald Trump—an episode that dented Tesla's valuation and contributed to market volatility. Overall, the week was dominated by aggressive monetary easing, strong defense-industry momentum, and corporate actions that may shape the economic narrative for the weeks ahead. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Yahoo
29 minutes ago
- Yahoo
Prediction: in 12 months the dirt-cheap Shell share price could turn £10,000 into…
The Shell (LSE SHEL) share price looks cheap right now, with a price-to-earnings ratio of just 8.95. That's well below the average FTSE 100 P/E of 15 times. There's a reason for that, of course. Shell shares have fallen with the oil price, slumping almost 10% in 12 months. They're still up 67% over five years though. That's less than half the drop suffered by FTSE 100 rival BP. Shell seems to have a better idea how to navigate the push to net zero, but with the oil price hovering around $65 a barrel, it's still struggling. It's far from a done deal that Shell can bounce back from today's lows and make investors rich all over again. There is little sign the oil price is about to recover. With OPEC+ increasing production, it could fall further, especially as China struggles and Donald Trump brings volatility. Then there's the push towards net zero, which could go either way. Theoretically, building a new line of renewable energy will threaten fossil fuel behemoths, but we need them to help us push through the transition. This is particularly true given exponentially rising energy demand, thanks to AI and the rest. Shell's first-quarter results, published on 2 May, showed adjusted earnings of $5.6bn. That's a big drop from $7.73bn a year earlier but ahead of analyst expectations of $4.96bn. The company also announced another $3.5bn quarterly share buyback programme, marking the 14th consecutive quarter of at least $3bn in buybacks. Cash flow from operations came in at $9.3bn, slightly below consensus expectations of $9.6bn. So what about that dividend? A trailing yield of 4.4% is okay, but not exactly to die for. It's expected to creep up in 2026, but only to 4.49%. Shell isn't the dividend superstar it once was. Over the last 15 years, I would have expected shareholder payouts to compound at a decent clip. Instead, it's fallen by an average of 2.88% a year. The board didn't just slash its full-year dividend from 188 US cents in 2019 to 65.3 cents during the 2020 pandemic. It rebased it. While payouts have climbed at a decent clip since, they started from that lower level. In 2024, the total dividend was 139 US cents. That's at levels last seen in 2007. The 19 analysts serving up one-year share price forecasts have produced a median target of around 3,027p. If correct, that's a handsome increase of around 21.5% from today. Combined with that yield, this would give investors a total return of 26%. Based on that, if somebody invested £10,000 in the stock today, it would grow to £12,600 in a year. Obviously, nobody can predict the future like that. I use it only as a guide to market thinking. Here's another. Of the 32 analysts giving one-year stock ratings, an impressive 23 name Shell a Strong Buy. Four say Hold and five say Sell. Shell continues to face risks, as the oil price slows, net zero spreads confusion, and the global economy struggles. It may look cheap, but there's no guarantee its shares will suddenly close the valuation gap. But for those wanting exposure to energy, today's low valuation does make Shell worth considering. More so than BP, in my book. The post Prediction: in 12 months the dirt-cheap Shell share price could turn £10,000 into… appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Harvey Jones has positions in Bp P.l.c. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025
Yahoo
34 minutes ago
- Yahoo
Veterans protest over federal cuts in La Jolla
SAN DIEGO (FOX 5/KUSI) — Veterans gathered at the edge of the UC San Diego Campus on D-Day to call on the Trump administration to fully fund the Jennifer Moreno Department of Veterans Affairs Medical Center in La Jolla and all VAs across the nation. 'The Trump administration plans to fire 80,000 staff, further exacerbating a looming health care disaster,' said Karisa May, a former Marine reservist from the 4th Medical Battalion San Diego. Widow's of military vets are warning of the pending cuts to services. 'Those treatments that he received that extended his life may no longer be available to other vets at this facility and throughout the nation,' said Misty O'Healy, a surviving spouse of a Vietnam Vet. Veterans marched through the UC San Diego campus receiving support from drivers and calling on Secretary of Defense Pete Hegseth to leave the glorious military achievements of minorities untouched. Veterans also called on the administration to bring back veterans who have been detained by Immigration and Customs officials. 'When it comes to military naturalization, we all count. Whether you were born here or not, when you raised your hand, you count,' said James Smith, 2nd Former Marine. Veterans groups say their next protest, No Kings Day, will be scheduled for June 14 at 10 a.m. at Civic Center Plaza in downtown San Diego. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
