Musk is a revolutionary thing because for the first time you can invest or divest in a celebrity/politician, and in a very direct and liquid manner . Tesla stoc

Musk is a revolutionary thing because for the first time you can invest or divest in a celebrity/politician, and in a very direct and liquid manner . Tesla stock price is a function of Musk "approval rating", celebrity status and trust among the population, in the past year or so the it finally became clear to everybody and there is no more confusion around the matter. Previously some people were saying that this wasn't about Musk but about the companies, now that thesis has been put to rest and finally even those people had to admit that it's all about Musk. So essentially you can now bet on his further rise (eg. Mr. Musk goes to Washington) or his downfall, or even a relatively stable future for him from now on. You can't find anything like that for Biden or Trump or Bernie or De Santis...yes there are betting lines open, but they are event based (election) and they don't have nearly enough liquidity as Tesla's stock, which is essentially a perpetual betting line. It is spurring a golden age for political commentators, pundits and even TMZ-like journalists and people who are usually entrenched in celebrity gossip. For example...if Musk lays his hands on Grimes and she's an extremely outgoing person and tells her circle of people, then it's in the hands of TMZ by noon. That news is a 300+B in market cap wiped out right there. Celebrity is a very fragile thing in the US, we've just seen it with Johnny Depp. You could have made a lot of money betting on the downfall of Johnny Depp but there wasn't a market to do so. Giving credit to whom credit is due. Italy ran a small sized POC during the years of Berlusconi, but his companies shares were essentially all tied, illiquid and not very popular among international market makers.