By Eric Peters of One River Asset Management
“I Got Mine Pre-Elon Meltdown,” read the bumper sticker. My Uber whisked me through Silicon Valley; neighborhoods sprinkled with Tesla’s. “I Bought This Before Elon Went MAGA,” read another sticker. Everything is political now. Automobiles, energy policies, medicine, science, deficits, even blockchain technology. “Elon Who?” was my personal favorite. And with the Musk/Trump bromance now on fire, and with the world’s richest man teasing the launch of a new centrist political party, it’s cope time for all those new Cybertruck owners in Florida’s panhandle.
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