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this post was submitted on 19 Aug 2024
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Technology
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Can someone explain the conflict they see here? X and Tesla are 2 different companies.
Same owner, pretty simple.
"If you help my X then your T goes up in value"
If you can show me some strong correlation between x and Tesla stock, that doesn't also correlate with the market as a whole, it would go a long way to proving that point. Other than that, it's just speculation that it might influence the price of his own stock, which seems like an extremely tenuous claim as to why it's reasonable to believe he should recuse himself.
Elon's companies have had financial trends that ebb and flow with the whims of the influence of their owner, intended and otherwise, the correlation is:
They have the same owner.