MAGA investors seeing red as ‘Trump trades’ tank
From Yahoo Finance: 2025-03-22 09:30:00
Donald Trump launched his $Trump meme coin before his inauguration. Since then, shares in Trump Media & Technology Group have plummeted, as have the $Trump and $Melania cryptocurrencies. Elon Musk’s association with Trump has cost Tesla nearly $100 billion. Trump’s Truth Social stock has halved. Ouch.
Trump merged Truth Social with a paper company, DJT. Buying before Trump’s inauguration and selling after the merger was profitable. Tesla’s stock collapsed since Trump’s inauguration, wiping $600 billion. Musk’s close ties with Trump hurt Tesla. Anheuser-Busch is thriving after a MAGA boycott.
Tesla’s stock is now back to pre-election levels. Musk’s involvement with Trump posed business risks. Tesla is at risk of becoming the “Bud Light of the left.” Musk may need to rethink brand strategy. Anheuser-Busch is selling at 16 times forecast annual earnings, while Tesla is at 80 times.
Not everyone lost from Trump’s ventures. Trump and family have a cost basis of zero in his stock and cryptocurrencies. His shares are worth billions. Anheuser-Busch, which suffered a MAGA boycott, is now thriving. Trump’s ventures may have been risky for some, but profitable for him.