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The Trump administration’s recent flirtation with mineral equity stakes has become as predictable as a summer storm in the Mojave Desert. On Tuesday, whispers emerged about potential government interest in lithium miner Lithium America (LAC), followed by Thursday’s revelation that officials are now casting nets across multiple critical material producers. It’s as if the White House has suddenly decided to play venture capitalist with Uncle Sam’s checkbook.

Utah-based Adams Wealth, bound by the ritual of quarterly SEC filings, revealed its liquidation of CLOA shares during the second quarter. From 258,224 shares valued at $13.41 million, the firm now clutches a smaller fragment of a sinking vessel. The transaction, recorded with bureaucratic precision, masks deeper tremors: a portfolio manager’s reluctant concession to arithmetic that defies alchemy.

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While Elon Musk’s attention seems to be more about promoting robotaxis and futuristic robots (let’s call them his ‘shiny things’), investors might be side-eyeing those glowing dreams. Why? Because the electric vehicle (EV) sales, particularly in Europe, aren’t exactly doing the Macarena anymore.

A most persuasive demonstration of its capabilities, if one may so describe it, stirred the hearts of investors, who, in a fit of collective enthusiasm, elevated the company’s shares by over 5% that day. Such a triumph, one might suppose, outshone the S&P 500 (^GSPC), which, in contrast, declined by 0.5%-a modest setback, to be sure.