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Tesla's market cap sinks below $1 trillion as stock slumps more than 8% (www.cnbc.com)
submitted 3 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world
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KEY POINTS

  • Tesla shares sank 8% on Tuesday and have now lost most of their gains that followed Donald Trump’s election victory in November.
  • The stock has plunged 25% this year, while the Nasdaq is down just 1.5%.
  • Reuters reported on Monday that the company’s long-awaited upgrade of its partially automated driving system in China left owners unimpressed.
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[-] cmac@lemmy.world 57 points 3 weeks ago

Wow, now they're only worth as much as the next 10 largest auto manufacturers combined. Their market cap is completely disconnected from reality. They should not be worth 4 times as much as Toyota.

[-] gibmiser@lemmy.world 11 points 3 weeks ago

Well when they get the contract to manufacture us military personnel carriers the grift will be lucrative

[-] partial_accumen@lemmy.world 9 points 3 weeks ago

I saw that headline, but then I saw this one:

GSA to shut down federal EV chargers nationwide

Isn't it going to be difficult to operate EV armored cars without chargers access to government chargers, as in, at government locations? Are these new armored EVs supposed to charge at a Tesla Supercharger in a Walmart parking lot?

[-] Bob_Robertson_IX@discuss.tchncs.de 8 points 3 weeks ago

It's almost as if the point isn't to produce anything useful, but to move money from the tax payers to the ruling class.

[-] gibmiser@lemmy.world 2 points 3 weeks ago

Inefficiency and incompetency is big money. They can fuck it all up now, and half ass fixing it later, for a premium too!

[-] crawancon@lemm.ee 24 points 3 weeks ago

8 fucking percent from this zieg Heil mother fucker is ludicrously low.

[-] peoplebeproblems@midwest.social 5 points 3 weeks ago

It might be to you, but -25% over two months is typically not a great way to make money. It means to get back to where they were, they gotta climb 33% from where they are today.

[-] crawancon@lemm.ee 1 points 3 weeks ago

damage to his companies hurts a lot of people greatly but him minimally.

[-] sp451@lemmy.sdf.org 22 points 3 weeks ago

Well, sales in Europe also dropped 45% https://www.theguardian.com/technology/2025/feb/25/tesla-sales-europe-elon-musk-donald-trump-afd

[-] Pk_thunder@sh.itjust.works 15 points 3 weeks ago

How the fuck does it even have a 1 trillion cap to begin with is beyond me

[-] HK65@sopuli.xyz 15 points 3 weeks ago

The owner just bought the United States

[-] jaemo@sh.itjust.works 5 points 3 weeks ago

Bigger fool theory.

[-] P00ptart@lemmy.world 12 points 3 weeks ago

Oh come on, please do a huge public mental breakdown.

[-] nick@midwest.social 4 points 3 weeks ago

Self defenestration is the only answer here.

this post was submitted on 25 Feb 2025
157 points (100.0% liked)

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