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[u/AdaXaX] We have power! Tesla’s stock is now 100$ less worth than one month ago. Keep the boycott spinning! Buy from the EU only! (feddit.org)

submitted 1 year ago by Mothproof2212@feddit.org to c/buyeuropean@feddit.uk

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[-] DmMacniel@feddit.org 101 points 1 year ago* (last edited 1 year ago)

Next up: Elon sueing car drivers for not buying his swasticar just like he tried on twitter with advertisers.

[-] Mothproof2212@feddit.org 62 points 1 year ago

He will just buy them himself, look at the sales numbers in Canada... 8,600 cars in 3 days! In Canada...

[-] halcyoncmdr@lemmy.world 17 points 1 year ago

That particular situation looks like it may be due to how the process worked and government comments that the money would be running out earlier than planned.

Apparently dealers weren't required to submit at the time of sale, but on a monthly or quarterly basis instead, which is a very common timeline for businesses to handle things like that. But after the announcement of the program ending early, Tesla submitted everything they had pending immediately, which makes complete sense.

I have not done a lot of research on this particular topic, and the little I have done may not have been accurate sources, but that situation would line up without needing to grasp at any crazy theories.

[-] Bonzaibongo@lemm.ee 17 points 1 year ago

I think the canadian Feds are looking into that, and I hope they fine the ever loving crap out of him.

[-] Albbi@lemmy.ca 21 points 1 year ago

Is it wrong to think that people should go to jail for fraud instead of just fines everywhere?

[-] Bonzaibongo@lemm.ee 6 points 1 year ago

No not at all, i have just given up all hope on seeing any kind of justice like that in the united states.

[-] 100_kg_90_de_belin@feddit.it 6 points 1 year ago

That's a very low effort fraud, by the way

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[-] stardust@lemmy.ca 11 points 1 year ago

Suing people for not buying tesla stock and suing those who sell it.

[-] kn0wmad1c@programming.dev 83 points 1 year ago

It's up over $60 from where it was at this time last year, so there's still work to do on this clearly overinflated stock

[-] WhyYesZoidberg@lemmy.world 11 points 1 year ago

220 right now

[-] vesi@lemm.ee 5 points 1 year ago

We aren’t stopping here😈

[-] frightful_hobgoblin@lemmy.ml 51 points 1 year ago

More dramatic to say $320 billion in market cap has been destroyed.

[-] b1t@lemmy.world 16 points 1 year ago* (last edited 1 year ago)

Or that it's down 34% since the start of the year. At this rate the company will be bankrupt by the 3rd quarter.

[-] NotJohnSmith@feddit.uk 15 points 1 year ago

They dropped 72% in late 2021 albeit over 15 months. What I'm saying is, they can beat that record, and quicker this time... I believe in them!!

[-] nodiratime@lemmy.world 8 points 1 year ago

A fair price for the stock is 0.

[-] vesi@lemm.ee 4 points 1 year ago

Nah. It should be negative. There is such a big disgust of mine when seeing Tesla that they should pay me if they want me to buy the stock.

[-] then_three_more@lemmy.world 3 points 1 year ago

Na, it'll have a bit of value. Once it goes bust other car companies can pick it apart for it's patient portfolio.

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[-] cabbage@piefed.social 6 points 1 year ago

Down 10% today so far. They're working on it. :)

[-] thatKamGuy@sh.itjust.works 8 points 1 year ago

No, rather $320 billion dollars in speculative value has simple been unrealised! 😉

[-] anon6789@lemmy.world 39 points 1 year ago

[-] FortyTwo@lemmy.world 31 points 1 year ago

I remember a few weeks ago Dutch pension funds sold all their Tesla stock because they felt it wasn't a safe investment anymore. The decision was laughed at on reddit because Tesla still went up a little bit after that, clearly it was a political choice and the uncertainty was just an excuse, surely the Dutch people would be annoyed that politics cost them big gains on their pensions, etc etc.

I feel vindicated. Let's see how low it can go!

[-] Goldholz 3 points 1 year ago

DIAMOND HANDS TO HELL!

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[-] kruhmaster@sh.itjust.works 25 points 1 year ago

Nikola spinning in his grave so hard, EVs can charge up there.

[-] Goldholz 4 points 1 year ago

He charges Euro cars only

[-] thatKamGuy@sh.itjust.works 25 points 1 year ago

Down over 50% since the all-time-high in December 2024, post-Trump election.

So that’s definitely a win!

Still needs to drop ANOTHER 90% to get back down to pre-2020 levels though..🤞🏻

[-] Sgt_choke_n_stroke@lemmy.world 24 points 1 year ago

I feel bad for the engineers that work there. But I feel great that it's literally destroying musk net worth.

[-] vesi@lemm.ee 24 points 1 year ago

I don’t. They work for a terrible guy and they KNOW it.

[-] bricklove@midwest.social 11 points 1 year ago

Many of them are immigrants who got in with work visas so they can't easily change jobs. Elon knows this and exploits the situation. It's all just terrible.

[-] schema@lemmy.world 2 points 1 year ago* (last edited 1 year ago)

See it like this for a less bleak angle: It's unlikely tesla is going to just close up shop, even if the trend continues. And if it gets really bad, there will likely be a sale of ownership.

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[-] jjjjm182@lemmy.ml 14 points 1 year ago

They should’ve started looking for new roles right after his inauguration speech

[-] Phoenicianpirate@lemm.ee 11 points 1 year ago

Crash, bitch, crash!

[-] LonstedBrowryBased@lemm.ee 9 points 1 year ago

Down with Tesla!!

[-] scaredoftrumpwinning@lemmy.world 8 points 1 year ago

Does anyone know if the insurance for these cars have gone up yet? With them being more dangerous than a ford pinto and all the vandalism you would think the insurance companies would raise the rates.

[-] cabbage@piefed.social 8 points 1 year ago* (last edited 1 year ago)

It seems it'll sink on to 252 the moment the markets open, if I understand Yahoo finance correctly.

I don't really understand what the pre-market value is, but it seems to mean the value keeps on fluctuating even after the markets close and no stocks formally trade hands. And it looks like Tesla is going to have yet another rough day.

I don't feel bad for any of the idiots losing their money on this. They all had plenty of time to get out - if they sold after the CEO made a nazi salute they would pretty much get out on top. Whoever is a shareholder deserves anything coming for them. (Sadly that includes myself, indirectly through the Norwegian sovereign wealth fund. Bummer. Oh well, I had it coming.)

Edit: Half an hour after the markets open the stock has dropped to ~241. Lol.

[-] boonhet@lemm.ee 2 points 1 year ago

I also hold some Tesla because my retirement fund consists of multiple index funds, some of which hold Tesla.

I'm good with Tesla losing value though. It hurts Elon more than it hurts me.

[-] Gudl@feddit.org 7 points 1 year ago

Make musk a millionaire again :)

[-] wowwoweowza@lemmy.world 6 points 1 year ago

This only gets me downvotes, and I don’t make the rules, but I do enforce them:

$100.00

[-] bearboiblake@pawb.social 8 points 1 year ago

no one gives a shit

[-] orgrinrt@lemmy.world 6 points 1 year ago

I always wondered about that. It seems sensible to have it at the end, so in my mind I can read 100€ as “hundred euros”. But $100, I can’t help but read it as “dollars hundred”. Feels wonky. Although I guess this is a quirk that comes from not having dollars and as such, that format, nor English as an official language, so natives probably don’t “read” it in their minds like that?

[-] Preflight_Tomato@lemm.ee 2 points 1 year ago

The unit symbol should follow the quantity, as this is how it’s generally read and spoken. Just because it’s tradition doesn’t mean we should keep doing it.

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[-] B0rax@feddit.org 5 points 1 year ago

Shorting Tesla stock sounds almost like a foolproof way to make money these days…

[-] Pringles@lemm.ee 10 points 1 year ago

Sure, but entire fortunes were lost shorting Tesla in the past as well. It has been wildly overvalued for ages and it still is ridiculously overvalued, but I personally wouldn't bet on it.

[-] OhNoMoreLemmy@lemmy.ml 3 points 1 year ago

The risk is that a bunch of crazy trump supporters might try to GameStop it. Or that a Saudi prince or Russian oligarch will pump the stock as a way to curry favor with musk.

Bill Gates has been trying to short it for years and it's just kept going up. There's nothing rational about the market.

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[-] Ceruleum@lemmy.wtf 4 points 1 year ago

It's beautiful.

[-] noxypaws@pawb.social 4 points 1 year ago

Taycan purchase continues to be vindicated

[-] Blaze@lemmy.dbzer0.com 2 points 1 year ago

Oh wow

[-] macaw_dean_settle@lemmy.world 2 points 1 year ago

*$100. This is how it is done.

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this post was submitted on 10 Mar 2025

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