In a weird coincidence, Tesla stock drops after socialist victory in Bolivia
Let's examine the timeline. Maybe we can unravel the nature of this mystery.
On Nov. 4 President Morales moved to cancel the December 2018 agreement with Germany's ACI Systems Alemania (ACISA) to mine Bolivia's lithium reserves. Just a week later Bolivia had a right-wing coup.
Among other clients, ACISA provides batteries to Tesla; Tesla's stock rose Monday after the weekend.
The Wall Street Journal said the coup represented a “democratic breakout in Bolivia.” The Trump administration praised the military for “abiding by its oath to protect not just a single person, but Bolivia’s constitution”.
On January 1, Tesla stock was priced at 93.81
Bolivia’s high mountain deserts—the Salar de Uyuni—have by far the largest known reserves of lithium.
In another coincidence, Elon Musk, the head of Tesla, wants to build an electric car factory in Brazil. His cars require batteries, and those batteries require lithium.
In a bizarre tweet, the Bolivian entrepreneur Samuel Doria Medina wrote that since Elon Musk and Jair Bolsonaro will discuss the Tesla plant in Brazil, they should add to this initiative the following: “build a Gigafactory in the Salar de Uyuni to supply lithium batteries.” Doria Medina is not just an entrepreneur. He is the vice-presidential candidate alongside the “interim president” Jeanine Áñez for the May 3, 2020, Bolivian presidential elections. Áñez came to power only because of the coup d’état against Evo Morales in November 2019. Doria Medina’s welcome mat to Tesla should, therefore, be seen as having the full authority of the coup government behind it.
On May 4, Tesla stock was at 152.24
Then on July 25, Elon Musk famously tweeted, “We will coup whoever we want! Deal with it.”
We could all see how Elon felt about it because, well, he told us loud and clear. He thinks that he deserves everything in the world, like it’s his right. Like it’s his manifest destiny.
Elon could have kept his mouth shut, but why? He clearly felt untouchable. He is a billionaire, after all. He has been rewarded richly for every loud idea he’s had thus far.
On the following business day, July 27, Tesla stock jumped to 307.92
It seems Tesla investors are pro-coup and anti-democracy too.
On October 14, Tesla stock price peaked at 461.30.
In yet another coincidence, this was the day after a news leak of a possible second right-wing coup in Bolivia in order to prevent democracy from returning to Bolivia.
Tesla stock has dropped 40 points since the second coup never happened..
I'm sure the lithium had nothing to do with Tesla investor's respect for democracy and sovereignty. Because capitalism equals freedom and socialism is scary, doncha know.