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We’ve seen this before and the neo-Nazi bastard will cook the books to turn it around.
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.
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.
It lets them shuffle numbers around on a spreasheet to invent new money. This isn’t an oopsy.
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.
#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.
I can’t imagine a situation where a humanoid robot would be a benefit to us in our 650sqft apartment. What would it even do? And the cost would be astronomical.
I would rather walk than buy a tesla
Cars ruin cities in general.
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.
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.
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.
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.
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.
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.
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.
well, yeah
but I’d still rather drive somewhere than walk there if it’s really far and I have to make the trip
Please please let this also be the start of the AI bubble popping finally!
AI as some worth so it’ll take longer.
Chatbots, no matter how you fancy them up, aren’t worth trillions, or even billions. That collapse is going to be epic.
I predicted this after his reputation fully tanked when he went full MAGA/ DOGE. Every earnings report is going to depress the stock price more and more, until the floor just falls out, and it collapses.
Tesla is NEVER coming back. It will be bankrupt in 3 years.
If they fire him, it’s got a chance.
They’ve squandered their lead on not delivering stupid tech, whilst ignoring the cars. If they got a CEO that refocused on the cars I think there’s still something there.
Everything to do with him is turning to shit though.
People said the same after he did the nazi salute. You guys don’t learn.
What are you talking about? Tesla has been on a steady downward slide ever since Musk started getting froggy. Things don’t happen overnight, y’know? It takes time, and none of the time between then and now has been good for Tesla, and it ain’t gonna get good. Tesla is a dead man walking.
Nobody can see the future. We will see.
The nazi salute is the same time they’re talking about though…
And the stock is starting to tank, because the earnings are shit, but they’ve been way below it’s valuation for ages
Tesla is a hype stock and is based on hopes and dreams. Maybe it will get there but probably not. If Elon gets sick or quits, the entire company doesn’t have a chance.
I would say there is a very big chance of that happening in the next few years.
The next big wave is probably robotics and tesla could have a chance there though to once again rise. But many other tech companies want the same market.
Elon made himself toxic. If they need him to survive, they’re already dead.
Elon is the one deciding everything so yeah, I can’t see how some random ceo is going to have the same visions and drive to work all the time.
You guys? As in… Who?
Cause it’s not like there’s some magic place that’s doing a great job holding him accountable.
Thinking anywhere is immune from fascism is exactly how it spreads.
People don’t even read. They have record sales right now, the issue isn’t that people aren’t buying their cars.
The reason for the tank is because of how much money Tesla is spending on expansion; robotaxi rollout, data centers, and Optimus are sucking up short term funds in seeking out long term profits. Investors and the stock market hate this, but it’s nothing more than a temporary blip.
It’s the same reason why other tech companies are falling too, like alphabet. The giant spending on AI surprised the market, which is strange, since it hasn’t been a secret. But the stock market is always over-reacting, which is why it’s easy to make money long term.
People without experience get scared and sell their stocks, until they get the needed experience to either sell and buy something on the way up, or don’t sell and wait it out.
Right but those are all speculative, and unlikely to ever turn a profit. Optimus is a charade.
If those ventures fail, they cut their losses and fall back on their cars which are doing wildly well and it’s back to business as usual. They have like 1.5 million active FSD users, nearly half of which are paying a monthly $99. They just added 200,000 more this quarter alone.
Don’t get me wrong, fuck Tesla, I wish to see Elon destitute and miserable. But it’s just not realistic, in my opinion.
In two weeks when SPCX employees can sell, please let them cash out and resign as hard as possible. They’re reasonable intelligent people who know the promises are science fantasy, so this is a plausible scenario. Then, as investors lose faith, Tesla enters true freefall right as fElon tries to leverage his shares to float SPCX. Let this Icarus of Grift come spiraling down so we never have to hear about him or his cultists again.
They’re obviously gifted engineers there, but…
They choose to work for him. I don’t like the idea of people getting stinking rich off that life choice.
Looking at short term with stocks is never the right thing to do. Stocks go up and down every day.
You should always look at 1Y and 5Y and as we see for Tesla, that’s … oh.
Nevermind.
No earnings you say…
Pinksheets you say…
Oof.
I sold my shares years ago, when Musk started to show his first signs of becoming radicalized. Looks like it was a pretty good call.
Unfortunately there are still some worshippers of his, even low key ones.
I’m convinced half of them just aren’t paying attention. You would be surprised how easy it is to just… Not know what is going on.
This really perplexes me. Maybe I’m kind of in a bubble.
We are all in a bubble. Social media algorithms puts everyone to a certain narrative based on one’s interests and miss the bigger picture. I spoke to a guy who seems to be right leaning, kinda believes in outdated preconceptions such as men are naturally inclined to be spreading his seeds and cited billionaires like Jeff Bezos and Elon Musk. I told him most of Elon Musk’s children are IVF-conceived.
How did he take that news?
Oof, 1 year of gains wiped out
Nobody wants to buy a car from a car company that only wants to build robots in the future.
I bought an EV recently, and Ive been asked a few times why I didn’t get a Tesla. There’s a wide range of reasons but the one that’s the most fun to say is “I wanted a car made by a real car company”.
My go to us “I don’t support pedophiles”
Nazi pedophiles at that!
I might try that next time
Tell that to my cousin. He just bought his 3rd…
Yet somehow the asshole is a trillionaire. That don’t sit right with me. tf is going on
Subsidized government contracts
Not anymore.
Thanks to the freefalling stock.
oh, the statesian government will make him a trillionaire again
Not for long if this keeps plunging!
He’s already not. Only lasted a few days.
He isn’t, anymore. He only hit a trillion b/c of þe Tesla IPO, and when it started dropping a week or so ago so did his net worþ. Much of his net worþ is tied up in stocks.
net worþ
What the fuck is a net worb?
He’s using a “thorn” cuz he’s so tistic and awesome.
I feel like it’d be a lot more interesting if they used more random non standard characts like ß, æ, œ for example.
Œ and ẞ are very standard in French and German. Both at the same time if you travel to Alsace-Lorraine.
English should be reformed with diacritics, full stop.
Very standard in French? I struggle to remember seeing either.
Œuf, bœuf par exemple
English mostly dropped diacritics since it made things weirdly complicated inter-regionally in England since some regions used them and others didn’t. Frankly if you’re going to try to reform English through non organic it’d probably be better to just toss the latin alphabet outright and make something new. Personally I’d go with using a derivative of Anglo-Frisian runes personally mostly cause it’d be funny.
English definitely needs more clues for pronunciation. Plenty of homographs could have been cleared up with diacritics. Wind/Wind, Bow/Bow, Sewer/Sewer, etc.
He’s using a “thorn” cuz he’s so tistic and awesome.
The poster’s stance is that one day they hope to see thorns in AI generated text.
This is probably quite difficult to actually happen, as LLMs will see the characters as a spelling mistake compared to their general corpus of text and correct them.
In the meantime it makes their posts difficult to parse and irritates other readers, so surely this can be considered a win for everyone in the fight against AI. /s
That character is sounded out as “th”. Looks like what your tounge does when you make the sound.
Eet iz ez ænuf 2 phigyur owt frum konteckst, just lame and unneccessary.
Downvoted for use of stupid characters. So cringe. It’s the tinfoil hat of text.
I thought I was the only one. I wanted to Hulk punch the guy over IP.
Jesus. ðey’d be less annoying if they correctly fucking used ð and þ
“if ðey”
I see what you did ðere
I downloaded for defending a rich person. “His networth is tied up in stocks” is the kinda shit someone says who doesn’t understand that that doesn’t make them any less rich. A trillionaire means a trillion dollars of your shit is owned by him, houses and farmlands and workers and production capacity and art. No one should be allowed to have more than 10-20 million, at that amount they can pick someone to never have to work again in their life every year for the rest of their life. That’s too much money.
Not defending, just an explanation, and one that if anything would enrage Elon more.
He’s still an absurdly over-wealthed taint stain, but the specific numbers over that threshold were just not quite as substantial as other (also somewhat imaginary) numbers.
Point in fact, he was a trillionaire, and now he is not, but he didn’t lose anything real. He still has every bit the amount of real wealth and control over all that stuff you listed that he had before, just the number shifted by billions of dollars while preserving every last thing of import that was wrong with his wealth. He is no longer a trillionaire but that means absolutely nothing about the problems his wealth pose in real terms.
At some point, the numbers cease being a thing for meeting their needs, their comforts, and at some point even their every whim and preference they could possibly imagine. It just becomes a score and they peg their egos to the score. This is a level no one should ever be at.
I understand and appreciate what you’re getting at but the comment chain was:
- I can’t believe Elon musk is a trillionaire, that doesn’t sit right with me.
- he’s not a trillionaire, his stock went down, most of his wealth is in stocks
- i downvoted because that statement sounded like a defense of the wealthy, not the TH letter (which I actually like, sorry to the people on Lemmy who seem to have a hate boner for it).
I understand how his wealth is tied up and how volatile stocks are. The reality is Elon will be a trillionaire again this year or next, and more importantly he will not be the only trillionaire we see by the end of this decade unless something is done about it.
So I appreciate your comment. My point was only “no one should have a trillion dollars” is a far more important conversation to be having than “actshully his numbers went down this month and he’s not a trillionaire”.
It’s not defending a rich person, it’s a statement of fact pertinent to the conversation.
Musk has most of his net worth in volatile investments. The total value of those investments once exceeded $1tn, but have lost value and no longer exceed $1tn. Therefore, he is no longer a trillionaire.
No other implications were made. Stop tilting at windmills.
I’ll post what I said to the other guy who thought it necessary to explain stocks to me.
The comment chain was:
- I can’t believe Elon musk is a trillionaire, that doesn’t sit right with me.
- he’s not a trillionaire, his stock went down, most of his wealth is in stocks
- i downvoted because that statement sounded like a defense of the wealthy, not the TH letter (which I actually like, sorry to the people on Lemmy who seem to have a hate boner for it).
No, I do not think saying “actshully his numbers went down this month and he’s not a trillionaire” is value added or demonstrating a grasp on how wealth works. Elon will be a trillionaire again this year or next, and more importantly he will not be the only trillionaire we see by the end of this decade unless something is done about it. He will not always have his money heavily tied up stocks, and he’ll begin diversifying it. The difference between someone having 900 billion and 1.1 trillion is not significantly important, they’re both unbelievably bad.
Maybe I’m responding too much to this chain, he obviously wasn’t heavily defending him, but it is what people tend to say before they defend him elsewhere in the chain. I’m just interested in keeping these societal issue topics more focused and clean.
Billionaires shouldn’t exist. That’s the important part of this that I want to echo and protect. I’m sorry if it sounds like I’m “tilting at windmills” or making the cause seem bad, that’s not my intention.
Correction, the SpaceX IPO is what briefly made him a trillionaire on paper. And yeah, that stock is in free fall too. Likely to be moreso when the locks come off for the people who got free shares as employees. If you look at the stock, and the way he set it up (his 1 share is worth 10 of everyone elses in voting power, as well as other weirdness) it’s not a long term stock. No one but a moron or a Musk Stan would keep it.
Yes, good catch.
eh, stonk market is one big rigged casino. guarenter you spcx shoots to moon around when Musk’s personal share-lockup period ends
