Professor Mihir A. Desai from Harvard University highlighted the ups and downs of Elon Musk's career, emphasizing his ability to undertake innovative businesses, while also warning about the risks associated with being a public figure in the financial world. Desai mentioned that while financial markets can easily generate wealth and power, they also have the potential to dismantle them just as quickly.
Amid headlines highlighting the effects of President Trump's decisions on financial markets, concrete consequences are observed stemming from the threats of tariffs imposed by the United States. These actions had a negative impact on exchanges like Nasdaq, recording its worst day since 2022, with repercussions on global markets, including Mexico.
Desai explained that the key to Elon Musk's success lies in his messianic status, fueled by social media, which has allowed him to attract investors and capital to successfully diversify his businesses. However, he clarified that Musk, like Trump, could be generating unrealistic expectations that will not materialize.
The professor also pointed out the contradictions in the policies implemented by Trump, which not only affect globally but also impact his own supporters and sponsors. The relationship between Trump and Musk, marked by financial contributions to the presidential campaign, reflects a pattern in which promises and expectations are unmet, leading to a significant loss in the value of stocks in companies like Tesla.
Additionally, scenarios such as the tariff conflict between the United States and Canada are mentioned, triggering reprisals and threats between the two countries. The uncertainty generated by these trade disputes reinforces concerns around the effectiveness of the decisions driven by Trump, which could have global economic and political repercussions.
