490

[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 11 hours ago by Mothproof2212@feddit.org to c/buyeuropean@feddit.uk

36 comments fedilink hide all child comments

top 36 comments

sorted by: hot top controversial new old

[-] macaw_dean_settle@lemmy.world 1 points 41 minutes ago

*$100. This is how it is done.

[-] Ceruleum@lemmy.wtf 1 points 1 hour ago

It's beautiful.

[-] anon6789@lemmy.world 16 points 6 hours ago

[-] Phoenicianpirate@lemm.ee 5 points 5 hours ago

Crash, bitch, crash!

[-] noxypaws@pawb.social 3 points 4 hours ago

Taycan purchase continues to be vindicated

[-] kn0wmad1c@programming.dev 56 points 9 hours 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 7 points 5 hours ago

220 right now

[-] Yoga@lemmy.ca 8 points 6 hours ago

Tesla has been over inflated for years now. At one point (for quite a long time) it was worth more than every other major auto maker combined despite having pitiful profits relative to Toyota or many of the other players.

[-] vesi@lemm.ee 3 points 7 hours ago

We aren’t stopping here😈

[-] DmMacniel@feddit.org 66 points 11 hours ago* (last edited 11 hours ago)

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

[-] stardust@lemmy.ca 9 points 8 hours ago

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

[-] Mothproof2212@feddit.org 38 points 11 hours ago

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

[-] 100_kg_90_de_belin@feddit.it 2 points 2 hours ago

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

[-] Bonzaibongo@lemm.ee 8 points 8 hours 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 10 points 7 hours ago

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

[-] Bonzaibongo@lemm.ee 5 points 7 hours ago

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

[-] halcyoncmdr@lemmy.world 12 points 11 hours 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.

[-] Sgt_choke_n_stroke@lemmy.world 19 points 9 hours 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 13 points 7 hours ago

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

[-] bricklove@midwest.social 5 points 6 hours 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 1 points 5 hours ago* (last edited 5 hours 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.

[-] jjjjm182@lemmy.ml 14 points 8 hours ago

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

[-] frightful_hobgoblin@lemmy.ml 40 points 11 hours ago

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

[-] b1t@lemmy.world 15 points 10 hours ago* (last edited 10 hours 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.

[-] cabbage@piefed.social 6 points 8 hours ago

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

[-] NotJohnSmith@feddit.uk 12 points 10 hours 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 9 hours ago

A fair price for the stock is 0.

[-] vesi@lemm.ee 4 points 7 hours 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 6 hours 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.

[-] ayyy@sh.itjust.works 1 points 5 hours ago

But I thought all his patents are free and open? Would Musk ever just tell a lie like that?

[-] kruhmaster@sh.itjust.works 18 points 10 hours ago

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

[-] cabbage@piefed.social 6 points 11 hours ago* (last edited 10 hours 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.

[-] B0rax@feddit.org 4 points 10 hours ago

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

[-] Pringles@lemm.ee 6 points 8 hours 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.