Nick Martell

They can't be concentrated among a few individuals.

There's also probably a feeling among billionaires in the Trump era that they're more appreciated, so they're feeling more generous and open up their wallets.

But mostly we've noticed that all these donations have an Americana theme.

Have we not, Jack?

Yeah, think about it.

Billionaires love the stock market.

Hence the Trump accounts.

They love competition.

Hence the Olympic donation.

And they love troops.

Hence the military donation.

These billionaire donations smell like hot dogs and Budweiser.

But they also smell like Wall Street and capitalism.

Yeah, they do, Jack.

And that's why we're calling this the golden era of billionaire philanthropy.

It's red, white, and blue, pro-market and pro-competition.

For our second story, Tesla just announced huge profit declines and their first full year of revenue shrinkage ever.

But the stock rose almost to an all-time high.

They're all-time highing because Tesla stock isn't a stock anymore.

If you want to understand what's happening with Tesla,