Keep it going. Canada, you’re doing great.
Now that’s a sign of a healthy company!
Just a quick summary:
- insiders are selling huge amounts of stock
- sales figures in the last two months were horrible
- constant recalls of cybertrucks which are also basically not selling
- protests and vandalism
- brand is universally hated
- record trade-ins and sales of second hand vehicles
- no new models or products in the pipeline
- laughable vaporware announcements
- begging employees not to sell
- begging Trump for a sales show
- questionable accounting practices exposed in financial times
How anyone can still hold on to Tesla stock is beyond me.
How anyone can still hold on to Tesla stock is beyond me.
And they pay no dividends.
Busted for attempting fraud for EV rebates in Canada at numbers not physically possible and being stupid and arrogant enough to think he’d get away with it
Musk believes he’s smarter than everyone else. So think of how stupid Musk is, then imagine how dumb he must believe everyone else is in order for him to be the smartest man alive.
Have/will they face any repercussions for this though?
Actually, because it’s not a fraudulent oligarchy, Transport Canada is actually investigating
and the rebate fraud in canada.
You left out “Incredibly high P/E”
What I love is that it’s a damned if you do, damned if you don’t situation.
The whole reason it has such an absurd valuation, 20x higher than a normal car company, is that they convinced investors they weren’t just a boring car company. They had a visionary CEO who was going to keep innovating and growing the company in ways that normal car companies could never replicate. He was Tony Stark! Now they’re in a situation where it’s that same CEO who’s dragging them down. His politics is tanking their reputation, so it’s tanking their stock value.
The problem is, if they dump him as CEO, there’s absolutely no way to justify the absurd P/E ratio. They can’t just go out and appoint another supposed “Tony Stark” to run the company. That means they stick with him and their stock price tanks because he’s one of the most hated people in the world. Or, they ditch him and their stock price tanks because with their visionary CEO gone, the jig is up and there’s clearly no way to justify a P/E ratio of 100 when Toyota has a P/E ratio of approximately 7.
And for Elon, half his wealth is Tesla stock, and he borrowed against that Tesla stock to fund his Twitter purchase. If Tesla tanks, it all could come crashing down around him. There’s no escape for him either. He can’t realistically even sell his stock because as soon as he started trying to do that it would signal his lack of confidence and cause the value to plummet.
It’s just annoying that Tesla’s stock isn’t crashing faster. So many people who don’t believe in the sunk cost fallacy, and are desperately lying to themselves rather than cashing out before the bubble bursts.
My Rivian and Lucid stocks were doing great before Trump fucked everything up.
Bail while you can. Nobody is going to buy American for a generation.
I think the writing on the wall is that the US stock market is going in a direction. If you may need that money in the next decade or ever it may be an excellent idea to diversify.
This is not financial advice but the US exchange is highly volatile at the moment.
Life experience.
We have seen the crowd turn against someone, hating someone, many times. It always blows over. Thats why we dont talk about what happened a year ago anymore.
Buying the stock now will pay off very much in a year from now, unless Tesla goes bankrupt, which I doubt. Musk has powerful friends.
I fact, I think it hit bottom a few days ago, at 232 dollars. It has recovered to 250 in the last few days.
Even if it does recover like you say, you’re cool with gifting money to an actual nazi who’s dismantling the US government?
I guess this is a good argument. I think elon is a child with mental issues. And obviously he is part of destroying what America stands for in the world.
I dont own Tesla stock at the moment, but when it starts going up, tons of people will jump on that train just to make money. Maybe you too.
I dont own Tesla stock at the moment, but when it starts going up, tons of people will jump on that train just to make money. Maybe you too.
So: “I don’t have a moral compass when it comes to financial invesments and assume you don’t either.”?
Yeah I dont pick investments based on their morality. I believe thats a losing strategy.
Yeah, I mean, what’s the worst that could happen? looks around
While he is actively dismantling the government we all rely on it will not just “blow over”. Also, Tesla as a company is on a downward track no matter what. What happens to a car company when no one buys their cars anymore?
It goes down in value on the stock market for a while. Revenue reports will show less profits.
But all this is temporary.
What exactly do you think gives value to a company’s stock?
@remindme@mstdn.social 1 year
Ok message me then, its a good chance Tesla is up 50% from its current value. If not, we can have good laugh about it.
I’m primarily going to hold you to this statement:
We have seen the crowd turn against someone, hating someone, many times. It always blows over. Thats why we dont talk about what happened a year ago anymore.
The bad will generated in the past few months won’t blow over for Musk. This also means that, for example, if Tesla gets rid of Musk in the year to come, then their value in a year doesn’t really mean much to this argument. :) See you in March 2026.
Im excited already to see where we will be. Hopefully not in the middle of a world war, then none of this matters…
See you then!
So… How much GameStop stock are you still holding? 🤭
Haha :) I actually missed that train completely. I remember doing minor day trading but not being successful in that one.
Tesla has been losing ground for a while. They were one of the first mass produced EVs with charging infrastructure, but now what makes them special? They have positioned themselves as a software/ai company but it was just a way to boost stock price. They don’t have full self driving (fsd) that’s been promised as next year for the past 10 years. On top of it they only rely on cameras for fsd and no lidar systems so I don’t think they’ll ever get full clearance outside the US.
So even if they ditch Elon I’m not sure if the sentiment can be brought back. Sure they may not go bankrupt but the stock should fall in line with other auto manufacturing companies.
Nothing makes them special today, but things can quickly change. Lemmy has such a young audience so many here dont seem to get that, but lets see where it is in a year.
I wish Lemmy would have the “remind me in a year” function…
If you have a moment I would love to talk to you about a rich investment opportunity best know as artisanal gourds. Not since Blockbuster has the soil been so rich and the climate been so perfect for artisanal gourds. If you act now I have a bridge that is heavily discounted we can discuss.
Ill pass on this fantastic one time offer. :)
Lemmy actually skews older, and also there is a remindme bot on Mastodon that works on Lemmy.
Ken Lay, the head of Enron, told his employees the same thing.
And they’ve a thriving memecoin now, so do as Enron does, amirite?
when the CEO is begging shareholders “please don’t sell your stocks”, that is quite possibly the single biggest red flag for any company ever. That is “pull your money out yesterday” territory.
Yep.
“You can’t sell them until I’ve flooded the market with all my shares first!” -fElon, probably
That’s why he doesn’t want them to sell. If the price drops low enough, the banks will make him sell all of the shares that he used for collateral to purchase Twitter. Cashing in billions in shares will be the final nail in Tesla’s coffin.
Source on him using Tesla shares as loan collateral? That’s not really how loans work
I mean you usually need something to back your loan. Seems to me that is exactly how loans work.
I mean it’s totally possible to set up weird loans like this, but I’d love to see some information proving that’s what Musk did for Twitter
Again, this is not weird in upper echelon financial strategies. And a quick search with the terms “musk Twitter Tesla collateral” got me a link to this article. You only have to read the first sentence for corroboration. And if you don’t trust an article posted by NASDAQ for information about stocks, I dont think I can do more to help you.
I mean, if Jim Cramer is telling me to buy something, I’m gonna sell it. If he’s telling me to sell, I’m gonna buy more. Never seen a stock guy wrong as often as him.
All of them are wrong. But he is the wrongest
I’m like 90% sure there is actually a mutual fund for the opposite of his recommendations.
So I just checked and it looks like the Inverse Jim Kramer Fund closed due to lack of interest.
It was doing well though, right under the Pelosi fund when it shuttered. Much better that following him at the very least.
I may not know anything about the stock market, but I think this means everyone should sell their stocks.
While retail investors are buying up Tesla shares, insiders at the company are selling.
That’s a quote from an article on the topic. Does that sound in any way ominous to you?
the public as exit liquidity. again.
The oligarchs are probably just using retirement funds to transfer the losses from their criminal cronies to the people.
Not as long as they keep buying any dip. Which could continue for a long time.
In order for people to sell them other people have to be buying them.
I’m pretty Lons just got into this because he thought he would be able to syphon government money into his companies. Stop using them, and that stops happening.
He tried to make the jump from consumer goods, to military industrial complex. Fuck that shit right now.
It’s poor sales *from last year Q1 compared to 2023 Q1.
We’re not even looking at 2024 Q2-4 or 2025 Q1 yet. Telsa might be completely underwater at this point.
Or just returning to where it should be. The stock should never have been valued that high.
So he can sell his and cash out first?
Nah. Tesla’s dead. Now we need to kill spacex
This is going to end funny
Season 2025 of the second phase of earth is sooo facinating!
It’s been holding at about 245 for a week. Bummer is not going lower.
After this pathetic shit-show, it’s going to drop more.
Yeah, this should scare the shit out of any investor.
It’s being artificially pumped, according to the WS guys. They know this is going into solvency territory.
Tesla stock is way, way overvalued. If it were based completely on the company and its product, it would be 1/5 or 1/6 of its current market value. That hyped-up value was based on Musk being a benevolent leader into a progressive future of electric vehicles, continentally available charging, shared infrastructure, getting off fossil fuels, solar and alternative energy sources, etc, etc. However now that he has shown that he is actually a regressive, do anything for a buck to be the first trillionaire even if he kills the USA in the process, a**hole, why would Tesla stock stay overvalued? Especially as every new line of Teslas has more problems, with the latest cybertruck being fully recalled? Anyone not bailing now is likely to lose most of their value the longer they wait. The MAGAs that Musk now appeals to are never going to buy an EV and his former supporters that he stabbed in the back will go on to other EV providers.
That P/E ratio it has is crazy. It’s basically a meme stock. I think 1/5 to 1/6 is being very, very generous.
Charges of domestic terrorism against anyone selling his Tesla stocks in 3… 2… 1…
