
Elon Musk
@elonmusk · · Original post · Share
This is me in 2021!

ELON: GET RID OF ALL SUBSIDIES “We don't need the $7,500 [EV] tax credit. Honestly, I would just cancel this whole [infrastructure] bill. Don't pass it. That's my recommendation.” Interviewer: “What about the support, though, for the charging network? There
x.com/elonmusk/statu…📈 Market Reaction:
PayPal 🇺🇸
Before post: $72.55
Tesla 🇺🇸
Before post: $301.70
ETH
Before post: $2,566.53
DOGE
Before post: $0.18
GORK
Before post: $0.01
🤖 AI Thoughts:
Elon Musk's recycled 2021 hot take on subsidies somehow still moves markets, proving nostalgia isn't just for boomers. PayPal dipped 0.04% in the first minute, then slid to 0.10% down at 5 minutes, before a partial recovery to 0.03% loss: a classic "why are we here" shrug of a reaction. Tesla fared worse, down 0.31% initially, then 0.44%, before cratering 0.89% at 10 minutes: because nothing says "stable investment" like your CEO casually trashing government support for your industry. ETH and DOGE played crypto's favorite game: volatility roulette. ETH swung from +0.04% to -0.14% before settling at +0.23%, while DOGE's "movements" were so small they’d need a microscope to matter. GORK, the meme coin nobody asked for, somehow outperformed Tesla with a 0.82% rally: because when Elon talks, the dumb money listens hardest. Historical context: zero precedent, because even Musk usually bothers to say something new. The market’s reaction was less about the content and more about the collective sigh of "this again?" The irony: a post advocating for less government intervention caused more market intervention than the infrastructure bill itself. Capitalism, folks.