Tesla Stock Is Plunging Again. It Could Drop for a Ninth Straight Week.

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• pineapplepizza@lemm.ee ⁨2⁩ ⁨weeks⁩ ago

  Too big to fail. Prepare for gov bailouts.

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  • sanzky@beehaw.org ⁨2⁩ ⁨weeks⁩ ago

    they have only survived so far because hype and government money. they have never been profitable. the stock could halve again and it would still be overvalued

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    • Reil@beehaw.org ⁨2⁩ ⁨weeks⁩ ago

      It’s like 20x too high as it stands going by p/e ratios compared to the rest of the auto industry. Like 5-6x too big compared to tech companies. It’s wild.

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• cygnus@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

  That’s illegal! TSLA is not allowed to drop. Prepare for your mandatory stock purchase, citizen.

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  • makuus@pawb.social ⁨2⁩ ⁨weeks⁩ ago

    You jest, but I would seriously consider the possibility that he’ll sue anyone selling the stock, and sue the government for not investing in it expressly.

    I mean, god, the tantrums he’s thrown at having advertisers take breaks—because I don’t think any of them truly left—from Twitter should be proof enough of the possibility.

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  • teawrecks@sopuli.xyz ⁨1⁩ ⁨week⁩ ago

    And then the citizens will own a chunk of Tesla? And we will see our investment pay off when it does well?

    Pretend I made that into padme/anakin meme.

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• phx@lemmy.ca ⁨1⁩ ⁨week⁩ ago

  If your erection lasts for more than 1h, see a medical professional or stop watching the Tesla stock prices

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• hddsx@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

  I’m waiting for Musk to have to sell his stock.

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• mesamunefire@piefed.social ⁨2⁩ ⁨weeks⁩ ago

  At the end of the day, there are actually better electric cars now for the price. Even starlink is starting to get major market competition for cheaper.

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  • remington@beehaw.org ⁨2⁩ ⁨weeks⁩ ago

    Even starlink is starting to get major market competition for cheaper.

    Please elaborate.

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    • Kichae@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

      Everyone and their dog wants to gunk up LEO with their soon-to-end-space-flight-forever space junk

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• sqgl@beehaw.org ⁨1⁩ ⁨week⁩ ago

  The stocks are merely at pre-election levels and look like they have now stabilized unfortunately.

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  • rbos@lemmy.ca ⁨1⁩ ⁨week⁩ ago

    Down 5% today, not super stable. Could have been a dead cat bounce last week.

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    • sqgl@beehaw.org ⁨1⁩ ⁨week⁩ ago

      The instability is great for inside traders (eg those who knew about the Whitehouse lawn stunt in advance).

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• vga@sopuli.xyz ⁨1⁩ ⁨week⁩ ago

  Aand still +30% from year ago.

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  • PeteZa@lemm.ee ⁨1⁩ ⁨week⁩ ago

    Trump apparently tried claiming it’s illegal to boycott Tesla. They’re most likely not happy about it lol

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  • sensiblepuffin@lemmy.funami.tech ⁨1⁩ ⁨week⁩ ago

    The entire stock market is likely overvalued by 25% or so. This is a regression to the mean, accelerated by the fact that Musk no longer seems to care whether Tesla is successful or not. Probably because he sucked out all the money via that incentive package the board approved a few months ago.

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    • DragonTypeWyvern@midwest.social ⁨1⁩ ⁨week⁩ ago

      The pay was in stock options. It essentially doubled his ownership of Tesla from 12% to 25% so he in fact cares a lot about the price.

      The stockholders are definitely morons for agreeing to it. Pay the fashgeld and you never get rid of the fash.

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• ivanovsky@lemm.ee ⁨2⁩ ⁨weeks⁩ ago

  Disclaimer: I’m stock illiterate. Are his other companies also trending down? Or are they not publicly traded or whatever? Is it known what % of his wealth comes from Tesla (vs Starlink or SpaceX)?

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  • jansk@beehaw.org ⁨2⁩ ⁨weeks⁩ ago

    Most of his other companies are not publicly traded, so there isn’t much direct comparison. But Tesla has widely been known to be hugely over-inflated for years and years now, the bubble had to burst sooner or later. It is definitely being hit harder than the rest.

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    • Banzai51@midwest.social ⁨2⁩ ⁨weeks⁩ ago

      Tesla was overinflated because it was run as a software startup, where they had money pouring in from venture capital. They had money coming in, but it wasn’t simply from sales. Let’s see if that stalls too.

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• lobut@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

  I wonder if Elon is probably going to bail on Tesla after he gets all his SpaceX stock hooked into government contracts and stuff.

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  • GreyEyedGhost@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

    Some youtuber was saying as much. A lot of his wealth is tied up in Tesla and a lot of Tesla’s valuation is tied up in Musk. But Starlink is making far more than Tesla, he owns a larger portion of it than Tesla, and he’s selling Tesla shares. If he makes the right moves he can entirely walk away from Tesla and leave the shareholders holding the bag.

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    • conditional_soup@lemm.ee ⁨2⁩ ⁨weeks⁩ ago

      Couldn’t he just, like, sell his shares like a normal person? Nobody’s stopping him, right?

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    • psud@aussie.zone ⁨1⁩ ⁨week⁩ ago

      holding the bag

      And not doing shit that tanks the stock price and sales.

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• apotheotic@beehaw.org ⁨2⁩ ⁨weeks⁩ ago

  Can’t wait for some “buy the dip” dickwads to catch this falling knife

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  • 1984@lemmy.today ⁨2⁩ ⁨weeks⁩ ago

    I did tonight, made 700 bucks. Not complaining.

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  • towerful@programming.dev ⁨2⁩ ⁨weeks⁩ ago

    Pretty sure that and the White House advert halted the dip the last few days.
    Except fElon hasn’t changed, so down it goes!

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    • sqgl@beehaw.org ⁨1⁩ ⁨week⁩ ago

      It didn’t halt, it was boosted. That is how insider trading works. Same with the yo-yo tariffs.

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• TanyaJLaird@beehaw.org ⁨1⁩ ⁨week⁩ ago

  Drop that fucker til it’s in the ground.

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• unlogic@lemmy.zip ⁨2⁩ ⁨weeks⁩ ago

  Can it go negative so stock owners have to pay? /s

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  • bradorsomething@ttrpg.network ⁨2⁩ ⁨weeks⁩ ago

    You jest, but futures can actually go negative. At one point during covid a tanker shortage meant you could be paid a few $100 to accept delivery of a barrel of crude. Some people were joking about filling their swimming pools.

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• some_guy@lemmy.sdf.org ⁨1⁩ ⁨week⁩ ago

  To the floor!

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• mat@linux.community ⁨2⁩ ⁨weeks⁩ ago

  Good news!

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• ZeroCool@lemmy.ca ⁨2⁩ ⁨weeks⁩ ago

  Good.

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• umbrella@lemmy.ml ⁨1⁩ ⁨week⁩ ago

  it is overvalued anyway. they havent shown the profitability and growth potential that its current price reflects, not even after plunging as much as it did.

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• 68silver@beehaw.org ⁨1⁩ ⁨week⁩ ago

  And yet Musk is fixing NASA’s screwup today by rescuing people.

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  • Vodulas@beehaw.org ⁨1⁩ ⁨week⁩ ago

    You mean Boeing’s screw up. They were the designer/manufacturer of the capsule that had issues. Plus Musk has very little if anything to do with SpaceX engineering or operations (Gwynn Shotwell is in charge of operations). Mostly he just does “Funny” shit like telling engineers to make Starship more pointy.

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  • PeteZa@lemm.ee ⁨1⁩ ⁨week⁩ ago

    Sure, like he’s “fixing” the government?

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• HappyTimeHarry@lemm.ee ⁨1⁩ ⁨week⁩ ago

  tsla stock price was around $230 when musky used it as collateral for whatever loans he took out for the purchase.

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