Yet, the stock price holds.
The stock market is a sham.
It's always been an MLM.
Stock market as a whole is...okay I guess. These one-off, bulletproof companies are silly. It's almost a religion and the people who hold the stock truly believe that Tesla is going to make automatic cars that will drive everyone while also making autonomous robots that will do everyone's laundry and the current problems are nothing compared to the beliefs in the future. The value will hold until it doesn't (eg, they finally need the money for today's bills in a recession that cost them their jobs), and then the value will plummet to something that actually looks normal for the sales they are making at this time.
Until they need their money, they have the unshakable belief they will all be millionaires as soon as Tesla comes out with the world changing techs and has no competition. Should be any day now. Or maybe in 2 weeks.
The fact that it's in the S&P500 also gives the stock some staying power that it otherwise wouldn't have, because a lot of people indirectly hold shares of it in a way that they can't easily dike out of their portfolio
If it were to ever exit the S&P 500, it would for sure fall pretty hard. Unfortunately, for that to happen, it would need to fall even harder first.
That’s what gets me. What stupid ass holes are holding this up? Let it fucking die. Maybe don’t tie up all your money with a neurotic criminal next time? What piece of shit idiot has their income riding on Tesla shares.
Their valuation was never based on car sales, theyre valued like a tech company. It's a long term bet that their self driving and other tech will set them up for large profits eventually.
Really curious what you think the 'sham' is on the stock market and how it supposedly works.
They are dogshit as a tech company.
k
I have a feeling that people will downvote you, because on the surface it SOUNDS like you're defending tesla.
However, I'd like to point out AI doesn't give a shit about accuracy or context, or being right.
AI can reaffirm your already held beliefs, and still be bad for doing so. Because if you let yourself be led by self reaffirming beliefs, how is it any different than people who watch fox news and say "Yeah! All the people I already hate ARE the source of my problems! Even the TV says so!"
If NPR or BBC or any other news outlet just started reporting "trump bad! Other people good!" but it was based on an AI overview that viewers leaned a certain way, and therefore would be profitable to slant news that way, then you aren't getting news. You're getting artificial opinion pieces written by a computer.
Now, that being said, even human news outlets slant their stories. So the issue isn't exclusively with AI. Real journalism is dead and has been dead for decades.
The point I'm making is, just because the story says "tesla bad!" and we all hate tesla, doesn't make this story legitimate journalism. Even if the story and facts presented are true.
And I think most people will not grasp that concept, and downvote you.
My neighbor bought Tesla last month and I would love to go ask him: "Dude what the fuck?!"
Please do.
And report back.
In hindsight, it's so wild that five short years ago this motherfucker was thought of as a visionary.
I really miss ten years ago, when I had a faint glimmer of hope that he might not be a complete piece of shit. He really showed his character with the "pedo guy" debacle and has been on a steep downward trajectory since.
Very true. The last straw for me was the incident where he carried a sink around the Twitter offices. Immediately nuked my Twitter and switched to Mastodon afterward.
He's a modern day Edison [this is an insult].
That is very true. Or a Steve Jobs. Lots of rarified men out there happy to take credit for things other people created.
This was cringe 15 years ago but now, oh wow- https://www.youtube.com/watch?v=nfiRd4Y5z_g
Star trek discovery outcringed it
Lesson learned: wait till someone is dead to name drop them in your sci-fi 🤣
True. Always safer. I cringed when I heard Lorca use his name but now it makes sense given the plot of Discovery.
Tap for spoiler
Lorca is from the mirror universe so he would laud the ketamine addled nightmare Elon turned into as a buffoon of evil
Good! Bring it down to 100% and also bring down Twitter usage to similar levels! Build fiber to rural areas so they won't need Starlink or if you currently use Starlink see if fixed wireless is possible, maybe with a parabolic antenna on your roof or on an antenna tower you could get a signal. Keep boycotting Elon Musk until he's bankrupt.
Build fiber to rural areas so they won’t need Starlink
Canadian Government "Sorry, the best I can do is get three companies that are an oligopoly to one day, maybe, fix this."
Canadian Government "Sorry, the best I can do is ~~get~~ give tons of money to three companies that are an oligopoly to one day, maybe, fix this."
The Oligopoly "We're going to use this government money to fund share buy backs and to fatten our pockets."
And raise prices every year because "we're building out new infra!"
I still see way too much tesla in Montréal. I've been telling people musk is a fascist bitch ever since he bought Twitter and let the nazis back in. Décâlisse Elon.
There are even a couple of cybertrucks in my neighborhood.
Go, Québec! ❤️
They are still selling too many.
One is too many.
Ouais, qu’y mange de la marde l’ostie de tas de merde fasciste !
De toute façon les Tesla sont de la marde sur roue.
Yo y conduisent encore pire que les taxis hahaha
Someone correct me if I’m wrong, but didn’t Tesla fake a substantial portion of their sales in Canada until this year? Might that be related?
The most recent article I found says each rebate must be verified before the federal government will release the funds to Tesla.
https://www.cbc.ca/news/politics/canada-freezes-rebates-tesla-1.7493434
awaye dégage sti
Let’s just rule out junkie musks, nazi embodying, man child contempt for everyone but himself.
Tesla sucks. There are other, better options.
Tesla might have sparked the interest to consumers but they are trash
Pretty sure this is a big factor, globally, 10 years ago, Tesla was basically the only viable option if you looked for EV.
Nowadays every brand has some EV on their catalog. Even if the EV market grew massively you can just go to any dealership, and see EV in every shape/size/price rather than having to choose between 2-3 Tesla models which are big and expensive
In the UK, I'd say tesla wasn't even a viable option if cost were a consideration. I was looking at that time and really leaf or zoe were the options
Props for putting the acute accent on "Québec"
It would have been grave if they picked the other one.
I see what you did there - and that was a very elegant multilingual play on words.
I could hardly waste that once in a lifetime opportunity to make that joke in an English-language forum!
It is kinda cute!
People need to start demanding their state pension plans pull out of tesla. Lot of people's retirement money is gonna get tied up in this crash.
Good! 15% still to go
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