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The Final Countdown For Tesla

Portfolio Armor's Photo
by Portfolio Armor
Friday, Aug 09, 2024 - 20:40
A Tesla coupe in front of a giant clock, with the scene painted in ominous colors.

Submitted by Portfolio Armor:

Elon Musk, "Menace To Democracy"

Two weeks ago in Southport, England, there was a Taylor Swift-themed dance party for little girls at a community center. A 17-year-old young man named Axel Muganwa Rudakubana, the son of Rwandan immigrants, stabbed three of the girls to death, Bebe King (6 years old), Elsie Stancombe (7), and Alice da Silva Aguiar (9). 

This incident led to widespread protests. In part, those protests were driven by outrage against the atrocity. But they were also driven by outrage against mass third world immigration, as the murderer wouldn't have been in the country absent that. As Sam Ashworth-Hayes pointed out, the British have consistently voted for less immigration (this was the main motivation for Brexit), but their leaders kept giving them more immigration. 

One would think that politicians defying the will of the people who elected them might be considered menaces to democracy, but the Western establishment sees it differently. According to one of the establishment's mouthpieces, Financial Times Associate Editor Edward Luce, Elon Musk is the menace to democracy. 

In A Way, The Establishment Is Right

Elon Musk isn't a menace to "democracy" in the common definition of the term (government by the people), but that's not what Luce means by "democracy". What he means is "managed democracy", which Wikipedia defines as, 

[A] formally democratic government that functions as a de facto authoritarian government or, in some cases, as an autocratic government.[4] Such hybrid regimes are legitimized by elections, but do not change the state's policies, motives, and goals.

And of course, Edward Luce, as a journalist, expects to have a role in the managing.

Calling the United Kingdom a managed democracy might have sounded like a tinfoil hat conspiracy a few weeks ago, but since Southport, the mask has dropped. The British government is now threatening to prosecute even foreigners for sharing facts online about crime and civil unrest in the UK. 

Elon Musk Makes It Harder For Them To Manage Democracy 

Hence the establishment's outrage against him. As Ayaan Hirsi Ali wrote, in a reply to Edward Luce, what Elon Musk has done with X is give a voice to the people. 

Edward,

You are absolutely wrong on this one. The people stoking racial conflict are the politicians who oversee the disastrous mass migration policies over decades and who have ignored every form of civilized entreaty to put a stop to unplanned chaotic immigration or effectively deal with the horrendous unintended consequences of those policies. Think about the colossal sexual violence against women committed by men whose origins may not be named [This is an allusion to Pakistani grooming gangs in places like Rotherham]. Think about those victims who must first disclaim that they are not racist. Think about the rabid radicals marching in many western capitals threatening Jewish minorities.

Elon has given all those voiceless victims a voice and a platform to draw the attention of the negligent politicians and their sprawling bureaucracies. He is the true democrat and a hero of our times.

What have you done in your tenure as a journalist to effectively reach these political leaders of our countries and persuade them to reconsider before our societies are torn apart by their criminal policies?

This Isn't Just About The UK

It's worth noting here that the FT's Edward Luce is based in the U.S. and often writes about U.S. politics. The same ideology on immigration, demographics, and managed democracy is held by the American establishment. You can see this in some of the commentary about Kamala Harris's candidacy for President of the United States. 

 

Flash Forward To Today

The former First Minister of Scotland, Humza Yousaf, echoed Edward Luce's accusations against Elon Musk. 

In response, Elon Musk called Yousaf a racist "who loathes white people".

What This Has To Do With Tesla

Bear in mind that Elon Musk's companies have already been the target of lawfare by the U.S. government. The Department of Justice sued SpaceX last year for not hiring illegal aliens claiming to be refugees. And the EEOC sued Tesla (TSLA) last year over claims by black employees that they experienced racism by fellow employees at a Tesla plant in California. 

Elon Musk has been a vocal opponent of certain U.S. establishment policies, such as its tacit embrace of unrestricted illegal migration. 

Now that Musk has endorsed Donald Trump, and is speaking out against anti-white racism, Trump's election has become a must-win for him. If Kamala Harris wins, the establishment will make an example of Elon, by cracking down harder on his companies--and possibly him, personally. 

I am long Tesla, via the options trade described in this post, 

But investors who are long the stock should consider hedging past the election. Here's another look at the optimal collar shown in the TikTok video embedded in my X post above.

As you can see above, it expires on November 15th (the election is on November 5th), and its net cost is negative. That means the collar offers a net credit, and you would effectively be getting paid ($2,350, in that case) to hedge. 

As a reminder, you can use the Portfolio Armor iPhone app to scan for optimal collars. You can download it here, or by aiming your iPhone camera at the QR code below. 

And if you would like a heads up next time I place an options trade, such as my current bullish one on Tesla, you can subscribe to my trading Substack/occasional email list below. 

 

If you'd like to stay in touch

You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on our website. You can also follow Portfolio Armor on X here, or become a free subscriber to our trading Substack using the link below (we're using that for our occasional emails now).

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