• switcheroo@lemmy.world
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    6 days ago

    Good.

    You know what you have to do. Fire the nazi shithead. Appease the all-important stockholders. 🫩

  • dhork@lemmy.world
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    6 days ago

    The stock is hovering at around $324 at the time of writing, down over 15 percent over the last five days and about 28 percent year to date.

    That ain’t free fall, it has a ways more to go

  • brachiosaurus@mander.xyz
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    7 days ago

    Every now and then there’s a news about these corporations crashing but after a week they are all back at their all time high. This sort of news doesn’t seem to achieve nothing but give these corporation visibility and keep better news at bay.

    • wewbull@feddit.uk
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      6 days ago

      Not SpaceX so far. Down to half it’s high point. It’s only been a public stock 6(?) weeks. Seems to be averaging a few dollars negative each day with no apparent floor.

    • Eh-I@lemmy.world
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      7 days ago

      It lets them shuffle numbers around on a spreasheet to invent new money. This isn’t an oopsy.

    • Sektor@lemmy.world
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      7 days ago

      He’s gone! They’re finished! It’s over! We won! It’s happening! They just make a title you want to read, same for someone who wants to read something against trans people.

  • ksh@aussie.zone
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    7 days ago

    With reputation of Musk, who was recorded tripping in White House like a crack head, the company is certainly will not have any credibility or allocation in my portfolio because I would presume that their financial reporting is thoroughly cooked.

    • andallthat@lemmy.world
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      8 days ago

      I mean, it would still make more sense than SpaceX + xAI. Unlike a data center, a Tesla did actually go to space

      • FlexibleToast@lemmy.world
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        8 days ago

        And even that was out of spite. That was supposed to be the roadster that the actual founder of Tesla had ordered.

  • jballs@sh.itjust.works
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    8 days ago

    Maybe if Elon throws out a few more Nazi salutes, it will fix the problem. Surely that will increase sales.

  • nialv7@lemmy.world
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    8 days ago

    tesla has had disastrous earnings in the past and it hasn’t bothered the investors before. what charged?

    • geekwithsoul@piefed.social
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      8 days ago

      I think in the eyes of many investors, Elon has lost whatever mojo they thought he had. As Elon never had any mojo to speak of, this mostly just means the investors are finally catching up with reality.

    • gnutrino@programming.dev
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      8 days ago

      Could be that some of the irrational Musk fanboys have moved their money over to Spacex? Could also be a complete coincidence though given past Tesla price movements.

      • AmbiguousProps@lemmy.today
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        8 days ago

        Or, SpaceX dropping below IPO price woke up the braindead morons to reality and they’re now selling off anything attached to Musk.

        • GreyEyedGhost@piefed.ca
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          8 days ago

          I’d say this is a significant factor. Some youtuber did a video where he basically showed that most Musk stocks were overinflated by a factor of 10 based on their traditional metrics. The difference was basically built on investors’ confidence that Musk could keep the companies growing. Between driving away customers, not focusing on building his businesses, and still not achieving the goals he promised, investors are rightly worried that desired growth is no longer something to bank on. He may have to stop relying on the wunderkind factor and actually start running his companies responsibly, and I don’t think he can do that anymore, if he ever could.

          • jj4211@lemmy.world
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            8 days ago

            Didn’t help that he pissed away the carefully cultivated “Tony Stark” image. Now people don’t shrug off his failures like they were inclined to do.

    • Warl0k3@lemmy.world
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      7 days ago

      There are a couple local teslas with the “I bought it before I knew how awful he is” stickers and like, okay, I can understand how that might happen. Still gonna judge you until there’s some evidence you don’t suck, but I’m willing to be forgiving on that one.

      … However there’s also a local cybertruck with that sticker, and buddy no nobody’s buying it, stop trying to lie your way out of the consequences for your actions it just makes you look even worse. FWIW I’ve seen people throw rocks at the truck twice, so there’s some hope for the future.

      • A_Random_Idiot@lemmy.world
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        7 days ago

        There are a couple local teslas with the “I bought it before I knew how awful he is” stickers and like, okay, I can understand how that might happen. Still gonna judge you until there’s some evidence you don’t suck, but I’m willing to be forgiving on that one.

        Which is absolute bullshit fucking lies.

        Cause hes been a piece of shit his entire fucking life. He’s been a piece of shit since Paypal (Which was notorious for stealing peoples money when he was still part of it, hell…probably still is today). The whole “I bought it before I knew how awful he was” bullshit is the equivalent of nazi’s ripping off their swastikas, and when confronted saying they knew nothing but what they’ve heard is awful and terrible.

        • JcbAzPx@lemmy.world
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          6 days ago

          He had good PR for quite a while. Yes, he’s always been who he is, but the general public never had that information until recently. There are absolutely people who bought Teslas early on that didn’t know.

          • A_Random_Idiot@lemmy.world
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            6 days ago

            Bullshit.

            The general public always had that information. Its why I’ve personally hated him since the fucking 90s. Since fucking paypal he was known as a cunt. Same with Peter Thiel.

            People just put blinders on because they got big boners over electric cars and martian habitats. Cause thats the real issue here. Its not that people didnt know, Its that people willfully ignored, as they always do, because they wanted their neat shinies. Unfortunately for them, Musks miserable, worthless, cunt behavior continued to grow and get worse until they couldnt maintain their willful ignorance… The same willful ignorance that they now try to hide behind to pretend they didnt know what he was, to justify giving him the money to become what he is.

            If you didnt know what a piece of shit he was, its because you averted your eyes, because the information has always fucking been there, willfully ignored, but its fucking been there.

        • ShotDonkey@lemmy.world
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          7 days ago

          I know a few very decent people who have bought like 6-7 years back. Especially back then this was just (at first sight, they were paying later when services came…) the best electric car out there. This has changed (BYD etc), and I don’t want to get into the general “cars suck” discussion here. Not my poimt. All I wanna say is that I in no way judge per se anybody driving an “old” model S. Not every average customer did the research and maybe it was a bit more known to the general public in the US than in the rest of the world what a douchebag Elon was let’s say pre 2020. All the newer/Tesla versions and their buyers? They can go fuck themselves because no excuse after DOGE any more. You’re directly supporting fascism. Everybody knows today.

          • NewSocialWhoDis@lemmy.zip
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            6 days ago

            What do you think about folks buying them second-hand? Some friends of ours are fairly liberal and dislike Musk, but they wanted an EV and couldn’t afford a new one. So they bought a used Tesla. As a liberal, I think the environment is my top issue… So I just shrugged. We can’t fix humanity’s bullshit while society is collapsing due to worsening climate disasters. It can be hard to get people to focus on something so esoteric though when people are struggling with more immediate needs, so I get the opposing view that it’s lower priority even if I disagree.

            • JcbAzPx@lemmy.world
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              6 days ago

              Second hand is risky now. They aren’t putting money in his pocket, which is good, but they’ll still feel the fallout of his actions the same as his sycophants.

              • NewSocialWhoDis@lemmy.zip
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                6 days ago

                By “feel the fallout”, do you mean they won’t be able to buy replacement parts when the company goes under/ there will be a ton of maintenance due to poor product quality? Or do you mean the blowback from other liberals/ progressives? If the former, I can’t help but agree. If the latter, I guess that’s what I’m trying to take issue with/ head-off.

    • mrgoosmoos@lemmy.ca
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      7 days ago

      well, yeah

      but I’d still rather drive somewhere than walk there if it’s really far and I have to make the trip