Trump calls Tesla boycott 'illegal' and says he's buying one to support Elon Musk
Trump calls Tesla boycott 'illegal' and says he's buying one to support Elon Musk
Trump called Musk, the controversial leader of Tesla and a new government efficiency initiative, a "truly great American."
It is not illegal for consumers to boycott companies. The Supreme Court in 1982 ruled the First Amendment protects Americans’ rights to protest private businesses.
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Trump said “radical left lunatics” are “illegally and collusively” boycotting Tesla, which the president described as one of the best automakers in the world. This action, Trump said, was meant as an attack on Musk and what he stands for.
It is not illegal for consumers to boycott companies. The Supreme Court in 1982 ruled the First Amendment protects Americans’ rights to protest private businesses.
This is pretty much the reason high ranking government officials are supposed to be divested....
Also:
Tesla shares popped more than 4% in Tuesday morning trading. In addition to Trump’s promotion of Tesla, the stock may also be helped by a note to clients from Morgan Stanley advising them to pick up shares after the steep decline.
Sounds like Morgan Stanley doesn't want to be left holding the bag...
https://www.cnbc.com/2025/01/13/morgan-stanley-ups-tesla-target-gives-bull-case-of-800.html
Less than two months ago they predicted it would go up to 800 so they told people to buy it...
Instead it dropped to 200, and they're still telling people to buy it.
When an investment company just always tells people to buy a stock regardless of what happens, it usually means they're heavily invested, so the higher the price the more they make.
So there likely is illegal manipulation happening, it's just trying to do the opposite of what's happening
Honestly, even if the SC made no commentary with regards to the right to protest businesses… what the fuck would the play even be here? A fine or a tax penalty or something like that if you don’t buy a Tesla…? Seriously, I’m genuinely curious what the theoretical remedial action would be.
Exemplary insight in your post, bravo.