Keep it going. Canada, you’re doing great.
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.
I may not know anything about the stock market, but I think this means everyone should sell their stocks.
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
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.
and the rebate fraud in canada.
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
@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!
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?
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.
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
A short history of what happens to Presidents in Peru From 2000 to now.
Alberto Fujimori July 1990 to November 2000 (10 years +) Imprisoned, Corruption and crimes against humanity.
Valentin Panaigua November 2000 to July 2001 (9 months) Transitional President
Alejandro Toledo July 2001 to July 2006 (5 years) Extradited, money laundering, collusion.
Alan Garcia July 2006 to July 2011 (5 years) Suicide, accused of bribery and corruption.
Ollanta Humala July 2011 to July 2016 (5 years) Imprisoned, accused of bribery and corruption. That’s two Presidents in a row!
Pedro Kuczynski July 2016 to March 2018 (almost 2 years) Under House arrest, accused of bribery. At least there is no corruption (charges).
Martin Vizcarra March 2018 to November 2020 (2 ½ years +) Ousted in Coup. Accusations of moral competence.
Manuel Merino SIX DAYS (6 DAYS) Resigned due to protests and riots.
Francisco Sagasti November 2020 to July 2021 (9 months) Transitional President
Pedro Castillo July 2021 to December 2022 (1 ½ years) Detained. In custody, attempt to dissolve Congress.
Season 2025 of the second phase of earth is sooo facinating!
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…
who would invest in a car that’s so susceptible to spontaneous combustion
And so attractive to molotovs
Hey now, there’s no need to be redundant.
I suppose that was the undertext… sorry, I’m great at ruining jokes 😂
SELL SELL SELL!
Elon has NOT demonstrated ANY transparency THIS YEAR. Don’t listen to his words. Words are a “tool” that he uses to get what he wants, NOT what you want. He doesn’t think he is lying, it’s just business “management.” Lying is his way to help his business thrive. Perfectly normal…for him.
Perfectly normal for ALL Sociopathic Oligarchs. Lying, cheating, bad ethics, willingness to break the law, etc. are all considered valid business strategies these days. I’ve know many businesspeople who believe that.
Most businesspeople want to operate their businesses legally and ethically. People with morals and consciences wouldn’t be proud of having a successful business if it only got that way through nefarious behavior.
Unethical businesspeople know that, and look for honest businesses like that to exploit. They see their unethical and illegal behavior as a competitive advantage over their honest competitors. They know their opponents won’t cross a certain line, but they will, and they are actually excited to do it. They enjoy being dishonest, it makes them rich.
Sell off! Sell off! Tank it! Make him suffer!
IF you have Tesla shares AND you waited for a sign to sell them all asap …
The stock is currently recovering but there’s a lot of fear. People might bail out if Musk pulls another stunt.
Yeah he’s been quiet the last few days, and I knew that had to be why. It won’t last through, he’s like Trump in that neither can stand it when they’re not the center of attention.
The protests won’t stop until the company is bankrupt. Sell em if you’ve got em.
I sold my Tesla stock long ago, before it crashed, because I wouldn’t support M-Rat.
Now I’m thinking of buying a share, only because I want to be in the inevitable class-action lawsuit that is absolutely coming, blaming Musk for recklessly and predictably tanking the stock price, and the Board of Directors for not taking action and removing him from his job when he went out of his mind.
Could just buy puts
Puts don’t get you into the class action lawsuit.
