Summary

Elon Musk lashed out online Monday as Tesla stock plunged over 15%, wiping out its post-election rally and shedding 50% of its value since December.

Investors worried about market declines, recession fears, and Tesla’s growing controversy after Musk’s far-right rhetoric and mass government layoffs.

Musk falsely claimed Democratic donors funded anti-Tesla protests and linked critics to Jeffrey Epstein. He amplified conspiracy theories blaming arson attacks on Democrats.

Despite his efforts, Tesla’s collapse cost Musk $23 billion in a single day.

  • the_crotch@sh.itjust.works
    link
    fedilink
    arrow-up
    23
    ·
    10 hours ago

    Yet the Tesla brand has also become uniquely toxic since Musk swept into Washington, gave what was widely recognized as a Nazi salute at an inauguration event

    Good to see the mainstream media finally (sort of) calling this what it was instead of tiptoeing around it

  • damdy@lemm.ee
    link
    fedilink
    English
    arrow-up
    7
    ·
    edit-2
    9 hours ago

    I’m amazed the stock is still as high as it is. Anyone buying a Tesla right now is making an unpopular statement in most the world.

    • Ledericas@lemm.ee
      link
      fedilink
      English
      arrow-up
      2
      ·
      edit-2
      8 hours ago

      ive seen an increasing amount cyberdumpsters in my blue area since last year, one regularly picks up the gf in my neighborhood. the people buying it is mostly ignorant of musks tantrum and his bigotry.

  • barneypiccolo@lemm.ee
    link
    fedilink
    English
    arrow-up
    32
    ·
    13 hours ago

    Cool. I cant wait for Tesla shareholders to file a class-action lawsuit for recklessly and negligently tanking the share price. Their portfolios have taken a significant hit, and it’s directly attributable to his poor public behavior, as well as partnering up with the loudest anti-EV voice on the planet. They have easily demonstrable damages, and it would be an easy case to win. I’ll bet there are numerous lawyers lining up their cases right now.

    AND, its just a matter of time before the Tesla board fires him as CEO. He can wreck the government and Tesla, or he can run Tesla, but he cant do both.

  • GreyAlien@lemm.ee
    link
    fedilink
    English
    arrow-up
    8
    ·
    12 hours ago

    Mark my word: Elon will regressed intellectually during the next ten years, to the point his brain will be like the one of a child.

    • Ledericas@lemm.ee
      link
      fedilink
      English
      arrow-up
      2
      ·
      edit-2
      8 hours ago

      after stringing out on ketamine and booze. wonder if he uses a vasoconstrictor on his eyes

  • futatorius@lemm.ee
    link
    fedilink
    arrow-up
    22
    ·
    20 hours ago

    To calm himself from the meltdown, I suggest he ups his dose of ketamine and then pisses blood.

    Alternatively, self-immolation is always an option, and ethically correct in his situation.

  • joecamnet@lemmy.world
    link
    fedilink
    arrow-up
    23
    arrow-down
    1
    ·
    1 day ago

    Man. Poor guy. Really gotta feel for the nazi billionaires trying to destroy the world when their feefees get hurt. Chin up, champ!

  • gamer@lemm.ee
    link
    fedilink
    arrow-up
    102
    ·
    1 day ago

    The amount of raw, undiluted satisfaction that would come from watching Musk’s fortune disappear would probably be enough to tide me over for the rest of the Trump presidency. I could be sent to a concentration camp slaving away somewhere manufacturing MAGA merch, and I’d still have a smile on my face knowing Elon went broke.

    • icecoldfire@endlesstalk.org
      link
      fedilink
      arrow-up
      14
      ·
      1 day ago

      You would rather be a slave willing to die a horrible death, so one man will be a little more angry?

      Musk will never know being poor, no matter if all his stock is devalued. He will never be left to fend for himself or worry about his electric being cut off. Will always have servants cleaning up after him. Sure, whatever “power” he has may be gone without his massive wealth, but there are 1000 more just as evil who would take his place.

      Sure, a little schadenfreude is in order. But I certainly wouldn’t want to suffer that greatly just so musk can have a few more temper tantrums and things to remain the same.

  • Billybob22@feddit.uk
    link
    fedilink
    English
    arrow-up
    15
    arrow-down
    1
    ·
    1 day ago

    Trump just f***ed Tesla. It had some coolness left in the brand but Truml just removed that on the White House lawn.

    • barneypiccolo@lemm.ee
      link
      fedilink
      English
      arrow-up
      6
      arrow-down
      1
      ·
      13 hours ago

      Teslas have been the official MAGAmobile for a while now. The brand has been tainted for at least the last 6 months. Its just reaching a critical point where the stock is finally starting to crash. It will eventually end up around $20, which is where it belongs.