Please more!!!

    • Vodulas [they/them]@beehaw.org
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      39 minutes 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.

  • vga@sopuli.xyz
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    10 hours ago

    Aand still +30% from year ago.

    Is “Tesla is going bankrupt” then new “Putin has cancer”?

    • sensiblepuffin@lemmy.funami.tech
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      6 hours 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.

  • phx@lemmy.ca
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    18 hours ago

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

  • sqgl@beehaw.org
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    19 hours ago

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

    • Rob Bos@lemmy.ca
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      17 hours ago

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

      • sqgl@beehaw.org
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        16 hours ago

        The instability is great for inside traders eg those who knew about the Whitehouse lawn stunt in advance. That was not a dead cat bounce, it was the stunt.

        But the trend since the stunt has been stable enough.

        I certainly will be looking at the graph each day rather than reading articles describing it.

        Reminds me of how people laugh at the yo-yo tariffs, totally ignoring how insider trader buddies of Trump must love it. Is an overall economic decline going to bother them in comparison?

    • sanzky@beehaw.org
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      1 day 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
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        21 hours 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.

  • cygnus@lemmy.ca
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    1 day ago

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

    • teawrecks@sopuli.xyz
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      15 hours 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.

    • Mak'@pawb.social
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      23 hours 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.

  • mesa@piefed.social
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    1 day 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.

  • ivanovsky@lemm.ee
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    1 day 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
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      24 hours 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
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        21 hours 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.

        But wasn’t his Tesla shares used as collateral for the Twitter financing? If Tesla tanks enough, won’t his Saudi banking backers raise hell?

  • lobut@lemmy.ca
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    1 day 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
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      21 hours 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.

      • psud@aussie.zone
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        10 hours ago

        holding the bag

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

        • GreyEyedGhost@lemmy.ca
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          2 hours ago

          There are good indications that the stock is overvalued by as much as 10 times, even after the recent drops in stock prices. A lot of that appears to be propped up by his hype. If the stock just normalizes to values typical of other car companies, it will be a major blow to anyone that owns the stock.

        • GreyEyedGhost@lemmy.ca
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          19 hours ago

          Pretty sure he can’t, since he isn’t a normal person, just like he and the rest of the board have to announce any shares they buy or sell.