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.
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.
It lets them shuffle numbers around on a spreasheet to invent new money. This isn’t an oopsy.
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.
Maybe if Elon throws out a few more Nazi salutes, it will fix the problem. Surely that will increase sales.
39? Like the nazis were nice and respectable before 1939?
Should say at least 1933 for when hitler got appointed Chancellor. 1920 when the party got formed. 1924 for the beer hall putsch. Maybe 1938 for the Kristallnacht.
Yeah, that phrasing is a little long to stick in a meme tho.
“I’m just showing the stock graph in what direction to go”
How do you lose money selling electric cars when two oil critical straits are blocaded
By having your CEO come out as a fascist, pissing off the demographic that tends to buy EVs and also stagnating while allowing your competitors to catch up.
Sadly, their car sales are back up in Europe since unfortunately nobody has morals anymore. The real answer is “blowing your money on the next grift - AI and robotics”
Supporting the election of rightwing oil sponsored Nazis that will cancel the subsidies on your vehicles is another way to lose profits.
I’m starting to wonder if Tesla doesn’t actually want to sell cars, and would rather rent rides like uber though, just like the rest of the late stage capitalist hellhole is trying to do.
Sadly, their car sales are back up in Europe
Alas, the same in Australia and we have no tariffs on cars,. so plenty of options
Also your vehicles rust in the rain, and focusing on making them “impenetrable” for some fucking reason so in an emergency people can’t get out and burn to death.
By pivoting to humanoid robots and LLMs.
Teslas are objectively last Gen. The only reason they still sell well in the US and some other markets is tariffs.
Other US companies are actually competing with them for market share now, too. It certainly isn’t helping Tesla sell.
Also, Teslas are starting to get the reputation they deserve: overpriced shitbox vehicles that have horrible build quality because Musk has stripped anything good out of them for profit.
no tarrifs in Australia and alas they still sell well.
However, the company’s gross profits dropped as operating expenses climbed far quicker than revenue, in large part thanks to AI-related capital expenses and other research and development
In the US, the market has soured on EVs and the federal tax credits have gone away.
Outside the US, China is eating their lunch.
That makes sense because the country is ass backwards
The US has absolutely not soured on EVs, you need to read the headlines in your bubble more critically. The increasing rate at which EVs are selling in the US is increasing slightly less quickly. Which is all the oil company headlines need to spout bullshit.
Yeah, while there are some folks that are die-hard must have gas cars, lots of other folks experience instant torque, smoothest and quietest drive imaginable, and replenishing range without having to go out of your way to a station. Wondering when the next maintenance needs to come and there’s no oil, no wearing belts, no super hot engine bay, just some things like wiper blades and a bit more rough on tires owing to generally higher weight.
There are downsides and awkward fits for some people. My apartment dwelling colleague would be screwed since his place has no available residential charging. Road trips can be more inconvient (though viable and perhaps worth it if you are taking a road trip every few months but spare yourself a weekly trip to the gas station). But certainly there’s a market for which EVs provide more value than combustion vehicles.
Currently it’s cheaper to road trip on gas than electric, mainly because NACS supercharging is so expensive, currently around $0.70/kWh for non-Teslas at superchargers. Once the CCS chargers start converting to NACS prices will hopefully fall due to competition. Also gas prices seemed destined to go up more and once they climb to the mid $5’s, electric pulls ahead again. An EV still makes sense overall because for most people most driving is not going to be road trips and so slightly higher costs for a road trip are going to be more than paid for due to local driving but unfortunately right now road trips are not a strength of EVs.
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We’ve seen this before and the neo-Nazi bastard will cook the books to turn it around.
The stock is hovering at around $324 at the time of writing, down over 15 percent over the last five days and about 28 percent year to date.
That ain’t free fall, it has a ways more to go
It’s a $20 stock. The only value in the company is the charging network.
#
Absorption by SpaceX incoming.
I mean, it would still make more sense than SpaceX + xAI. Unlike a data center, a Tesla did actually go to space
And even that was out of spite. That was supposed to be the roadster that the actual founder of Tesla had ordered.
Yet somehow the asshole is a trillionaire. That don’t sit right with me. tf is going on
Not anymore.
Thanks to the freefalling stock.
oh, the statesian government will make him a trillionaire again
Subsidized government contracts
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.
Nor am I claiming they are. I’m saying it’d make it more interesting.
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.
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.
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”.
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.
eh, stonk market is one big rigged casino. guarenter you spcx shoots to moon around when Musk’s personal share-lockup period ends
Yes, good catch.
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?
He was taken aback and hasn’t said anything. A lot of people would not have heard of things that are unequivocally bad about billionaires because social media algorithms glaze them for the masses, and opt out the billionaires’ assault on social progress and democracy.
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.
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.
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.
We’re already seeing. So far, each earning call has been a disaster, and things have only gotten worse. Sales are down world-wide, and the Chinese have taken over the EV world, with cars that are better and cheaper.
Tesla hasn’t had a single piece of good news since his Salute, and lots of bad news. Barring a change in upper management, they won’t be turning around.
But you? You should definitely buy more stock. Lots more.
I never bought Tesla stock. It’s just hypes and dreams to me. I have a lot of Nvidia though, which is currently going down a lot too. But I will keep holding.
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.
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.
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.
Oof, 1 year of gains wiped out
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 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.
Sex bot
Headline conveniently phrased to attract clicks from certain segment of internet users.
that’s usually the goal of a headline
Futurism’s are particularly egregious. It exists to get clicks, and I mean in a way that clearly none of its writers give a single shit.
This headline and story in particular are okay enough, but in general, Futurism will take scraps and turn it into “[x person/business/industry our readerbase doesn’t like] is literally shitting its pants and DYING”.
company you don't like] shits out its stomach and everything in the way while eating a banana and peanut butter sandwich just like elvis! Click this link to find out which other 7 companies have Elvised themselves!
Every headline, really…
I’m just part of that group recognizing when I’m being manipulated.
Chat, is it good when a stock is down 28% YTD?
Not sure it quite qualifies as a free fall yet, we can all hope though.
Its been a large sudden drop
But its still over 300.
And it hasnt been under 300 since summer 2025
I think people are tired of these headlines because we’ve seen the same thing for many companies, without lasting consequences. It’s even worse for elon musk related stocks, because of how much manipulation those ones go through.
I don’t have a source, so take it with a grain of salt, but I vaguely remember a discussion that one of his companies couldn’t remove him because the stock was artificially inflated by his presence. It might have been tesla
There is another problem which keeps stocks like Tesla afloat when it really should have tanked a long time ago: Index funds based on indexes like S&P 500 etc., where investors are automatically buying Tesla stock when buying into the fund, which stabilizes the stock in question. Musk knows this and that was the exact reason why he tried to get indexes to bend the rules of inclusion for spaceX to be included in indexes earlier than usual. The grave consequences are people investing in index funds are directly milked. Pension funds often include indexes, so what Musk is doing there is in effect trying to steal from people who did not actively invest in SpaceX.
If you’re a short seller, yes it is!
I’ll admit it made me slightly giddy for a few seconds.
I needed those seconds though, so I’ll take em.
Seconds? Hell I been gooning to this story for hours
