867

Keep it going. Canada, you're doing great.

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[-] cronenthal@discuss.tchncs.de 261 points 3 weeks ago

Just a quick summary:

  • insiders are selling huge amounts of stock
  • sales figures in the last two months were horrible
  • constant recalls of cybertrucks which are also basically not selling
  • protests and vandalism
  • brand is universally hated
  • record trade-ins and sales of second hand vehicles
  • no new models or products in the pipeline
  • laughable vaporware announcements
  • begging employees not to sell
  • begging Trump for a sales show
  • questionable accounting practices exposed in financial times

How anyone can still hold on to Tesla stock is beyond me.

[-] nokturne213@sopuli.xyz 89 points 3 weeks ago

How anyone can still hold on to Tesla stock is beyond me.

And they pay no dividends.

[-] ragingdachshund@lemm.ee 82 points 3 weeks ago

Busted for attempting fraud for EV rebates in Canada at numbers not physically possible and being stupid and arrogant enough to think he’d get away with it

[-] CileTheSane@lemmy.ca 33 points 3 weeks ago

Musk believes he's smarter than everyone else. So think of how stupid Musk is, then imagine how dumb he must believe everyone else is in order for him to be the smartest man alive.

[-] Cavemanfreak@lemm.ee 12 points 3 weeks ago

Have/will they face any repercussions for this though?

[-] ragingdachshund@lemm.ee 20 points 3 weeks ago

Actually, because it’s not a fraudulent oligarchy, Transport Canada is actually investigating

https://electrek.co/2025/03/07/tesla-made-a-suspicious-number-of-rebate-requests-on-last-days-of-canadian-ev-incentive/

[-] draenog@lemmy.world 28 points 3 weeks ago

You left out "Incredibly high P/E"

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[-] Ledericas@lemm.ee 27 points 3 weeks ago

and the rebate fraud in canada.

[-] ramenshaman@lemmy.world 18 points 3 weeks ago

My Rivian and Lucid stocks were doing great before Trump fucked everything up.

[-] ayyy@sh.itjust.works 20 points 3 weeks ago

Bail while you can. Nobody is going to buy American for a generation.

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[-] TheReturnOfPEB@reddthat.com 90 points 3 weeks ago

Ken Lay, the head of Enron, told his employees the same thing.

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[-] kescusay@lemmy.world 88 points 3 weeks ago

Now that's a sign of a healthy company!

[-] Zedstrian@lemmy.dbzer0.com 59 points 3 weeks ago

"You can't sell them until I've flooded the market with all my shares first!" -fElon, probably

[-] entwine413@lemm.ee 58 points 3 weeks ago

That's why he doesn't want them to sell. If the price drops low enough, the banks will make him sell all of the shares that he used for collateral to purchase Twitter. Cashing in billions in shares will be the final nail in Tesla's coffin.

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[-] thefluffiest@feddit.nl 57 points 3 weeks ago
[-] Gates9@sh.itjust.works 51 points 3 weeks ago

Liquidate Musk. Appropriate his assets and redistribute the proceeds.

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[-] b3an@lemmy.world 44 points 3 weeks ago

Musk has previously bragged that employee stock awards helped fend off unionization efforts in Tesla factories.

Indeed, Tesla is currently the only major American automaker whose workforce isn't represented by a union. Musk's strategy has previously been to pay employees much lower salaries than other American auto companies, offset with those Tesla stock awards.

Now that employee stock holdings are in the toilet, the leverage Musk once had over his laborers is quickly slipping through his fingers. The deeper Tesla's stocks plummet, the closer Musk pushes his underpaid workforce toward the bargaining table — which would be a huge cut to his own personal fortune.

But that's something only Tesla's employees can decide. In the meantime, calls on Musk to step down as Tesla CEO are only getting louder.

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[-] redlemace@lemmy.world 37 points 3 weeks ago

IF you have Tesla shares AND you waited for a sign to sell them all asap .........................

[-] Kalysta@lemm.ee 37 points 3 weeks ago

So he can sell his and cash out first?

Nah. Tesla’s dead. Now we need to kill spacex

[-] SeeMarkFly@lemmy.ml 34 points 3 weeks ago* (last edited 3 weeks ago)

Elon has NOT demonstrated ANY transparency THIS YEAR. Don't listen to his words. Words are a "tool" that he uses to get what he wants, NOT what you want. He doesn't think he is lying, it's just business “management.” Lying is his way to help his business thrive. Perfectly normal...for him.

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

Perfectly normal for ALL Sociopathic Oligarchs. Lying, cheating, bad ethics, willingness to break the law, etc. are all considered valid business strategies these days. I've know many businesspeople who believe that.

Most businesspeople want to operate their businesses legally and ethically. People with morals and consciences wouldn't be proud of having a successful business if it only got that way through nefarious behavior.

Unethical businesspeople know that, and look for honest businesses like that to exploit. They see their unethical and illegal behavior as a competitive advantage over their honest competitors. They know their opponents won't cross a certain line, but they will, and they are actually excited to do it. They enjoy being dishonest, it makes them rich.

[-] pyre@lemmy.world 33 points 3 weeks ago

who would invest in a car that's so susceptible to spontaneous combustion

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

And so attractive to molotovs

[-] cronenthal@discuss.tchncs.de 32 points 3 weeks ago

While retail investors are buying up Tesla shares, insiders at the company are selling.

That's a quote from an article on the topic. Does that sound in any way ominous to you?

[-] qprimed@lemmy.ml 23 points 3 weeks ago

the public as exit liquidity. again.

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[-] ekZepp_db0@lemmy.dbzer0.com 29 points 3 weeks ago* (last edited 3 weeks ago)

Charges of domestic terrorism against anyone selling his Tesla stocks in 3... 2... 1...

[-] Litebit@lemmy.world 29 points 3 weeks ago

Sell your stock. Make the bank cash out elon stock so that he pay taxes on his loan collaterals

[-] vegeta@lemmy.world 27 points 3 weeks ago
[-] drzoidberg@lemmy.world 34 points 3 weeks ago

I mean, if Jim Cramer is telling me to buy something, I'm gonna sell it. If he's telling me to sell, I'm gonna buy more. Never seen a stock guy wrong as often as him.

[-] tfm@europe.pub 24 points 3 weeks ago

All of them are wrong. But he is the wrongest

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[-] barneypiccolo@lemm.ee 26 points 3 weeks ago

I sold my Tesla stock long ago, before it crashed, because I wouldn't support M-Rat.

Now I'm thinking of buying a share, only because I want to be in the inevitable class-action lawsuit that is absolutely coming, blaming Musk for recklessly and predictably tanking the stock price, and the Board of Directors for not taking action and removing him from his job when he went out of his mind.

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It's poor sales *from last year Q1 compared to 2023 Q1.

We're not even looking at 2024 Q2-4 or 2025 Q1 yet. Telsa might be completely underwater at this point.

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[-] Xanza@lemm.ee 22 points 3 weeks ago

He's hoping everyone else doesn't liquidate before he can. lol He's trying to leave everyone else holding the bag.

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[-] Showroom7561@lemmy.ca 20 points 3 weeks ago

The protests won't stop until the company is bankrupt. Sell em if you've got em.

[-] TerkErJerbs@lemm.ee 20 points 3 weeks ago

Saw a yt thing last night that over the past three months Tesla execs have sold over 175k shares too

[-] 0ops@lemm.ee 19 points 3 weeks ago

I almost wish that I had stock to sell

[-] NABDad@lemmy.world 11 points 3 weeks ago
[-] peoplebeproblems@midwest.social 13 points 3 weeks ago* (last edited 3 weeks ago)

I think the important thing to note here is that there are multiple ways to bet against a stock:

  1. If you have the stock, sell it.
  2. If you don't have the stock:

A. Buy a "Put" contract at a lower strike price than the current price in the future. At any time between the contract purchase and the expiration date you can exercise it and take your winnings.

B. Short Sell on Margin. Don't do this. Essentially you borrow the stock, sell it right away, then buy it back to return at the lower price.

Maximum loss:

  1. The difference between the price you purchased at, and the price you sold at.

2A: The fee per contract. One "Put Option Contract" is 100 shares * the fee. Say the fee for your strike price is $9. Then you pay $900 for one contract. That is your max loss.

2B: Your margin cap. If you borrowed and sold a share for $245, but it turned around and went up, your loss can be arbitrarily large. Don't margin. It's stupid.

Edit: Short selling big dumb, but shorting is not what this big dumb was explaining, this big dumb wanting to explain betting against stock. Fixed

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[-] wampus@lemmy.ca 18 points 3 weeks ago

Musks Tesla stock holdings make it so that even if he were kicked out as CEO, the company would continue to be viewed as his personal piggy bank, and likely continue to face backlash for the stuff Musk is doing. Him liquidating his stock position would crater the stock price. It's pretty well cooked.

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[-] SouthEndSunset@lemm.ee 16 points 3 weeks ago

Selling high is good financial sense. I’m sure a business man as good as Musk would say that too.

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[-] Ilixtze@lemm.ee 16 points 3 weeks ago

Join in rest of the world, there is a lot of musk property to trash and destroy!

[-] topperharlie@lemmy.world 15 points 3 weeks ago

so this bad use of oxygen psychopath has the nerve to ask his employees, who always exploits, and have a high chance of losing their job soon, to keep the investment on the swasticar so they have double the risk: their salary and their investment.

And all for personal gain.... why I'm not surprised? and why is he still wasting precious oxygen?

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[-] simplejack@lemmy.world 14 points 3 weeks ago

It’s been holding at about 245 for a week. Bummer is not going lower.

[-] just_another_person@lemmy.world 16 points 3 weeks ago

It's being artificially pumped, according to the WS guys. They know this is going into solvency territory.

[-] kescusay@lemmy.world 13 points 3 weeks ago

After this pathetic shit-show, it's going to drop more.

[-] Voroxpete@sh.itjust.works 12 points 3 weeks ago

Yeah, this should scare the shit out of any investor.

[-] shaquilleoatmeal@lemm.ee 13 points 3 weeks ago

I may not know anything about the stock market, but I think this means everyone should sell their stocks.

[-] Bubbaonthebeach@lemmy.ca 12 points 3 weeks ago

Tesla stock is way, way overvalued. If it were based completely on the company and its product, it would be 1/5 or 1/6 of its current market value. That hyped-up value was based on Musk being a benevolent leader into a progressive future of electric vehicles, continentally available charging, shared infrastructure, getting off fossil fuels, solar and alternative energy sources, etc, etc. However now that he has shown that he is actually a regressive, do anything for a buck to be the first trillionaire even if he kills the USA in the process, a**hole, why would Tesla stock stay overvalued? Especially as every new line of Teslas has more problems, with the latest cybertruck being fully recalled? Anyone not bailing now is likely to lose most of their value the longer they wait. The MAGAs that Musk now appeals to are never going to buy an EV and his former supporters that he stabbed in the back will go on to other EV providers.

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this post was submitted on 22 Mar 2025
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