Please more!!!
That’s illegal! TSLA is not allowed to drop. Prepare for your mandatory stock purchase, citizen.
Tesla Stock Is Plunging Again. It Could Drop for a Ninth Straight Week.
Submitted 4 weeks ago by remington@beehaw.org to technology@beehaw.org
https://www.barrons.com/articles/tesla-stock-price-musk-ai-model-y-10b333a4
Comments
cygnus@lemmy.ca 4 weeks ago
makuus@pawb.social 4 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.
teawrecks@sopuli.xyz 4 weeks 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.
phx@lemmy.ca 4 weeks ago
If your erection lasts for more than 1h, see a medical professional or stop watching the Tesla stock prices
hddsx@lemmy.ca 4 weeks ago
I’m waiting for Musk to have to sell his stock.
mesamunefire@piefed.social 4 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.
remington@beehaw.org 4 weeks ago
Even starlink is starting to get major market competition for cheaper.
Please elaborate.
Kichae@lemmy.ca 4 weeks ago
Everyone and their dog wants to gunk up LEO with their soon-to-end-space-flight-forever space junk
sqgl@beehaw.org 4 weeks ago
The stocks are merely at pre-election levels and look like they have now stabilized unfortunately.
rbos@lemmy.ca 4 weeks ago
Down 5% today, not super stable. Could have been a dead cat bounce last week.
sqgl@beehaw.org 4 weeks ago
The instability is great for inside traders (eg those who knew about the Whitehouse lawn stunt in advance).
vga@sopuli.xyz 4 weeks ago
Aand still +30% from year ago.
PeteZa@lemm.ee 4 weeks ago
Trump apparently tried claiming it’s illegal to boycott Tesla. They’re most likely not happy about it lol
sensiblepuffin@lemmy.funami.tech 4 weeks 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.
DragonTypeWyvern@midwest.social 4 weeks 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.
ivanovsky@lemm.ee 4 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)?
jansk@beehaw.org 4 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.
Banzai51@midwest.social 4 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.
lobut@lemmy.ca 4 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.
GreyEyedGhost@lemmy.ca 4 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.
conditional_soup@lemm.ee 4 weeks ago
Couldn’t he just, like, sell his shares like a normal person? Nobody’s stopping him, right?
psud@aussie.zone 4 weeks ago
holding the bag
And not doing shit that tanks the stock price and sales.
apotheotic@beehaw.org 4 weeks ago
Can’t wait for some “buy the dip” dickwads to catch this falling knife
1984@lemmy.today 4 weeks ago
I did tonight, made 700 bucks. Not complaining.
towerful@programming.dev 4 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!sqgl@beehaw.org 4 weeks ago
It didn’t halt, it was boosted. That is how insider trading works. Same with the yo-yo tariffs.
unlogic@lemmy.zip 4 weeks ago
Can it go negative so stock owners have to pay? /s
bradorsomething@ttrpg.network 4 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.
TanyaJLaird@beehaw.org 4 weeks ago
Drop that fucker til it’s in the ground.
some_guy@lemmy.sdf.org 4 weeks ago
To the floor!
mat@linux.community 4 weeks ago
Good news!
ZeroCool@lemmy.ca 4 weeks ago
Good.
umbrella@lemmy.ml 4 weeks 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.
68silver@beehaw.org 4 weeks ago
And yet Musk is fixing NASA’s screwup today by rescuing people.
Vodulas@beehaw.org 4 weeks 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.
PeteZa@lemm.ee 4 weeks ago
Sure, like he’s “fixing” the government?
HappyTimeHarry@lemm.ee 4 weeks ago
tsla stock price was around $230 when musky used it as collateral for whatever loans he took out for the purchase.
pineapplepizza@lemm.ee 4 weeks ago
Too big to fail. Prepare for gov bailouts.
sanzky@beehaw.org 4 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
Reil@beehaw.org 4 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.