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Prof G Markets

Nvidia Earnings are the Super Bowl of Business + Trump’s $5 Million Gold Card

Mar 3, 2025
Scott and Ed dive into Tesla's market cap decline and Berkshire Hathaway’s hefty tax bill. They unpack why Nvidia's impressive earnings didn't impress investors, with Ed highlighting the silver lining. The conversation turns to Trump's controversial gold card program, where they question its appeal and potential pitfalls. Expect a blend of sharp market insights and humorous anecdotes that keep the discussion lively!
54:12

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Quick takeaways

  • Tesla's declining market cap highlights the growing competition and public sentiment shifts favoring other electric vehicle brands.
  • Berkshire Hathaway's record tax bill underscores the complexity of corporate taxation and the contrasting tax strategies employed by its leaders.

Deep dives

Tesla's Stock Decline and Market Sentiment

Tesla's market cap has fallen below $1 trillion, reflecting growing concerns among investors regarding increased competition and ongoing controversies surrounding Elon Musk. In Europe, Tesla experienced a dramatic drop in vehicle sales, nearly 50%, while overall electric vehicle sales surged by 40%. This disparity suggests a growing public aversion to the Tesla brand in favor of competitors. Analysts indicate that unless Musk adjusts his controversial approaches and public persona, his company's stock will continue to struggle.

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