SThis is Market Open, Saturday morning, and Elon Musk is picking a fight with a Texas Democrat.
EJames Talarico, the Democratic nominee for Senate. Elon posted that Talarico wants open borders and to legalize everyone to end democracy.
SWhich is wrong. I read the full quote. Talarico said the border should have a giant welcome mat out front... and a lock on the door.
EAnd a lock on the door? That's a different picture.
SCompletely. He supports a pathway to citizenship, but that's not open borders. Immigrants can't vote until they're citizens.
ESo Elon took half the quote and ran with it. That's... not great.
SIt's false. And this isn't some random account; this is the guy who owns the platform, posting to millions.
EI get his underlying point though. Democrats want more voters. They see the demographic shifts.
SSure, but calling it 'end democracy' is fearmongering. A pathway to citizenship is not automatic voting. It's a process.
EYou're right on the quote. But you can't ignore that many on the left do want loose borders. The rhetoric exists.
SThe rhetoric, maybe. But this particular claim? It's a lie. And when someone with Elon's reach repeats it, it becomes truth for a lot of people.
EHe should correct it. He's better than this. He built rockets, he can handle a full quote.
SAnd one of the top replies asked exactly the right question: Did Talarico actually say open borders? Answer: no.
EMeanwhile, Michael Saylor posted 'Go Deeper' to Elon with an orange heart. No surprise there.
SOf course he did. The crypto crowd loves Elon. But 'go deeper' into a false claim isn't exactly helpful.
EAlright, we've fact-checked that one. Quick pivot: Palantir, of all things, is selling windbreakers.
SWait, Palantir the data company? Selling windbreakers?
EIn South Korea. Bloomberg reports they're selling $170 windbreakers, and they're reportedly flying off the shelves.
SPalantir, the secretive government contractor, now has merch? That's a story.
EIt's not just merch. It's a brand play. They're becoming a consumer name? That's weird for a company that used to be all about spy tech.
SWe can't confirm the numbers yet, Bloomberg's reporting it. But if true, that's a $170 windbreaker. For Palantir.
EIt's likely streetwear hype. In Korea, limited drops sell out instantly. Palantir might be tapping that.
SI think it's a mistake. They should stay mysterious. Once you're selling jackets, you're a clothing brand.
EYou don't think it's smart? They get free marketing every time someone wears it.
SMaybe. But a $170 windbreaker with a Palantir logo? That's a crypto conference look.
EOkay, that's harsh. But I'd wear one.
SOf course you would.
EAnyway, that's the market angle. Palantir stock has been on a tear, maybe this is part of the story.
SAlright, we'll keep an eye on it. That's Market Open for now.