Summary
Carlos Slim’s telecom giant, América Móvil, canceled $22 billion in planned Starlink orders after Elon Musk insinuated Slim had ties to drug cartels.
The decision, made within hours of Musk’s tweet, costs Musk his main partner in 25 countries and shifts business to Chinese and European competitors, further reducing U.S. commercial influence.
Musk’s increasing political entanglements and conspiracy-laden posts are alienating key business partners and consumers, with potential ripple effects on Tesla sales.
I’ve managed to not lose a single cent from all my others investments combined thanks to the little I had in Eutelsat. I’m for sure reinforcing that one. Also, shorting tesla has been fun, but I don’t have the means to do it at a risk safe scale.
After Tesla, starlink should come next (X will die organically) so unfortunate starlink is not public to short.
Wah, good for you!
I’m invested solely in an all-world ETF, so I’m getting hit pretty hard by the market crashes in the US. It doesn’t really bother me too much, considering my time horizon, but still.
Good luck with your money!