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Teslas torched at Las Vegas facility in ‘targeted attack’
(www.rollingstone.com)
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this post was submitted on 18 Mar 2025
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Be that as it may, you're not going to get me to even tacitly endorse arson. Sorry not sorry.
I'm prefacing this clearly; I'm not endorsing anything here.
The current regime is restricting healthcare, trying to legislate people out of existence, and straight up disappearing people. Suffragettes torched and bombed.
That's great.
Nobody cares if you gasp at the sight of protest outside of the designated protest area . Just like nobody cares if you disapprove of a picket line blocking a road because how dare they.
Like what is the end goal here put Tesla out of business? Does anyone believe this would hurt Elon? Say Tesla went bankrupt, so now Elon musk would be worth $230 billion instead of $330 billion. He would live his life exactly the same but now thousands of normal people are underwater on their cars. How is this "winning"?
What am I missing here?
TSLA market cap $766B. That’s a nice loss, if it could be achieved.
Besides, what you’re missing is quite obvious: the only thing that musk understands is fear. Make your own inferences.
You understand that he only ownes 10 or 15% of Tesla. The majority of that is probably held by index funds and other peoples 401ks. So again normal people would loose a lot of money.
If Tesla went bankrupt it would literally be a drop in the bucket for Musk. Also what would he fear? He can pay for his own boat or literal island and security. Saying people should go after musk vs go after anyone who drives a Tesla is very different.
$TSLA is a huge, bloated bubble filled with nothing but hype. If they were treated by the market as just a regular old car company (like Ford [$F] or General Motors [$GM]), their market cap would be a tiny fraction of what it is currently. Their market cap at the closing bell today is $724 billion, with a stock price of $224 per share. Compare that to Ford (which has more than twice Tesla's yearly global sales figures) with a market cap of $39.4 billion and a stock price of $10 / share. Or to GMC (which has sales figures about 60% higher than Tesla's) at a market cap of $48.4 billion and a stock price of $49 / share.
If Tesla's stock was valued based on their actual business instead of investor hype driven by mind-boggling adoration for their CEO, their market cap would probably be around $20 billion, which with their current number of outstanding shares, would put the price at around $6.20 per share.
Ok, so you might throw out the fact that Tesla also sells batteries and has their hands in AI and other things. Those are all very small parts of their overall yearly business, but the market is also based on future expectations. Let's say that a fair price for their stock would be maybe $10 / share. $12 at the absolute most.
It's at $224 per share today. In December of last year, it hit a high of $480.
$TSLA is the modern version of the Dutch tulip market in the 1630s. Its perceived value bears absolutely zero resemblance to its actual value. You're worried about investors losing their shirts on this, but this shit has been vaporware from the beginning. Anybody who based their investment strategy around Tesla's stock has been playing roulette. Am I supposed to feel bad about them losing because they bet on black instead of red?
I don’t give a fuck how much he owns. The point is to hose all the fat fucks and to brand him as toxic. And to familiarize those assholes with urgent dread.
This does not accomplish any of that though
Musk's purchase of Twitter was backed by Tesla stock. If the stock tanks enough, that bill comes due.
No it doesn't that not how it works ugh..
We're in this whole mess because people don't think through their words and actions. Anyone advocating blindly going after anyone with a Tesla then you're really no better then Musk.
On that note do I have the answers on how to fix this mess, no, but I know it's not this.
Spoken like a true Enlightened Centrist.
Based on what? That I don't want to burn random people's cars? Yep you got me. Good one dude!
Basically people pissed off and need an outlet for that but can't see the forest for the trees. 🤷♂️