Letters from an American March 11, 2025
16 snips
Mar 12, 2025 Amid protests, backlash against Tesla owners rises, with competitors eyeing discontent to lure customers. The stock market faces turmoil as trade tensions escalate, leading to revenue forecast revisions by companies. Economic shifts hit airlines with new tariffs, while social media outages coincide with insider stock sales at an electric vehicle firm. The political landscape sees significant workforce cuts in the Department of Education, and a heated exchange between a senator and an entrepreneur highlights the divide over Ukraine support.
AI Snips
Chapters
Transcript
Episode notes
Market Impact of Trump's Policies
- Trump's tariff threats caused stock market drops, impacting the Dow, S&P 500, and Nasdaq.
- He suggested Canada become the 51st state, sparking Canadian boycotts of U.S. goods.
X Platform Outages
- Elon Musk's platform X experienced outages attributed to a DDOS attack.
- Musk blamed Ukrainian hackers without evidence, a claim refuted by cybersecurity experts.
SpaceX and Starlink Setbacks
- SpaceX rocket exploded, and Starlink faced issues after Musk's accusations against Carlos Slim.
- Slim canceled collaborations, costing Musk billions and leading to Slim's work with European and Chinese companies.