• macniel@feddit.org
    101·
    2 months ago

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

    • Mothproof2212@feddit.orgOPEnglish
      62·
      2 months ago

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

      • halcyoncmdr@lemmy.worldEnglish
        17·
        2 months 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.eeEnglish
        17·
        2 months 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·
          2 months ago

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

          • Bonzaibongo@lemm.eeEnglish
            6·
            2 months ago

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

  • kn0wmad1c@programming.devEnglish
    83·
    2 months 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

  • FortyTwo@lemmy.world
    31·
    2 months 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!

  • thatKamGuy@sh.itjust.works
    25·
    2 months 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…🤞🏻

    • vesi@lemm.eeEnglish
      24·
      2 months ago

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

      • bricklove@midwest.socialEnglish
        11·
        2 months 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·
          2 months 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.

          • wewbull@feddit.ukEnglish
            1·
            2 months ago

            If it continues like this the shareholders will pressure him to remove himself from the board. Sadly I think he still owns a controlling stake, so they can’t fire him.

    • jjjjm182@lemmy.ml
      14·
      2 months ago

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

  • cabbage@piefed.socialEnglish
    8·
    2 months 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·
      2 months 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.

  • scaredoftrumpwinning@lemmy.world
    8·
    2 months 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.

    • orgrinrt@lemmy.world
      6·
      2 months 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·
      2 months 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.

  • B0rax@feddit.org
    5·
    2 months ago

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

    • Pringles@lemm.ee
      10·
      2 months 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·
      2 months 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.

      • boonhet@lemm.ee
        1·
        2 months ago

        Yeah, put options are way less risky. At most you lose everything you invest so downside is limited. With shorting, downside isn’t limited. Tesla could momentarily hit a grand the day you need to return your borrowed shares.