• jballs@sh.itjust.works
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    3 months ago

    Maybe if Elon throws out a few more Nazi salutes, it will fix the problem. Surely that will increase sales.

    • andallthat@lemmy.world
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      3 months ago

      I mean, it would still make more sense than SpaceX + xAI. Unlike a data center, a Tesla did actually go to space

      • FlexibleToast@lemmy.world
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        3 months ago

        And even that was out of spite. That was supposed to be the roadster that the actual founder of Tesla had ordered.

  • brachiosaurus@mander.xyz
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    3 months ago

    Every now and then there’s a news about these corporations crashing but after a week they are all back at their all time high. This sort of news doesn’t seem to achieve nothing but give these corporation visibility and keep better news at bay.

    • Sektor@lemmy.world
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      3 months ago

      He’s gone! They’re finished! It’s over! We won! It’s happening! They just make a title you want to read, same for someone who wants to read something against trans people.

    • Eh-I@lemmy.world
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      3 months ago

      It lets them shuffle numbers around on a spreasheet to invent new money. This isn’t an oopsy.

    • wewbull@feddit.uk
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      3 months ago

      Not SpaceX so far. Down to half it’s high point. It’s only been a public stock 6(?) weeks. Seems to be averaging a few dollars negative each day with no apparent floor.

  • FlashMobOfOne@lemmy.world
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    3 months ago

    Oof.

    I sold my shares years ago, when Musk started to show his first signs of becoming radicalized. Looks like it was a pretty good call.

      • chilicheeselies@lemmy.world
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        3 months ago

        I’m convinced half of them just aren’t paying attention. You would be surprised how easy it is to just… Not know what is going on.

        • TankovayaDiviziya@lemmy.world
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          3 months ago

          We are all in a bubble. Social media algorithms puts everyone to a certain narrative based on one’s interests and miss the bigger picture. I spoke to a guy who seems to be right leaning, kinda believes in outdated preconceptions such as men are naturally inclined to be spreading his seeds and cited billionaires like Jeff Bezos and Elon Musk. I told him most of Elon Musk’s children are IVF-conceived.

            • TankovayaDiviziya@lemmy.world
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              3 months ago

              He was taken aback and hasn’t said anything. A lot of people would not have heard of things that are unequivocally bad about billionaires because social media algorithms glaze them for the masses, and opt out the billionaires’ assault on social progress and democracy.

  • nialv7@lemmy.world
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    3 months ago

    tesla has had disastrous earnings in the past and it hasn’t bothered the investors before. what charged?

    • geekwithsoul@piefed.social
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      3 months ago

      I think in the eyes of many investors, Elon has lost whatever mojo they thought he had. As Elon never had any mojo to speak of, this mostly just means the investors are finally catching up with reality.

    • gnutrino@programming.dev
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      3 months ago

      Could be that some of the irrational Musk fanboys have moved their money over to Spacex? Could also be a complete coincidence though given past Tesla price movements.

      • AmbiguousProps@lemmy.today
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        3 months ago

        Or, SpaceX dropping below IPO price woke up the braindead morons to reality and they’re now selling off anything attached to Musk.

    • chilicheeselies@lemmy.world
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      3 months ago

      Macroeconomics as well. Things aren’t going so great. Make your profits while you can. Also, why keep invested in Tesla when you could sell, take profit, and invest that in memory producers. It just makes more sense.

  • BarneyPiccolo@lemmy.today
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    3 months ago

    I predicted this after his reputation fully tanked when he went full MAGA/ DOGE. Every earnings report is going to depress the stock price more and more, until the floor just falls out, and it collapses.

    Tesla is NEVER coming back. It will be bankrupt in 3 years.

    • wewbull@feddit.uk
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      3 months ago

      If they fire him, it’s got a chance.

      They’ve squandered their lead on not delivering stupid tech, whilst ignoring the cars. If they got a CEO that refocused on the cars I think there’s still something there.

      Everything to do with him is turning to shit though.

    • 1984@lemmy.today
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      3 months ago

      People said the same after he did the nazi salute. You guys don’t learn.

      • Karjalan@lemmy.world
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        3 months ago

        The nazi salute is the same time they’re talking about though…

        And the stock is starting to tank, because the earnings are shit, but they’ve been way below it’s valuation for ages

        • 1984@lemmy.today
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          3 months ago

          Tesla is a hype stock and is based on hopes and dreams. Maybe it will get there but probably not. If Elon gets sick or quits, the entire company doesn’t have a chance.

          I would say there is a very big chance of that happening in the next few years.

          The next big wave is probably robotics and tesla could have a chance there though to once again rise. But many other tech companies want the same market.

            • 1984@lemmy.today
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              3 months ago

              Elon is the one deciding everything so yeah, I can’t see how some random ceo is going to have the same visions and drive to work all the time.

      • LastYearsIrritant@sopuli.xyz
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        3 months ago

        You guys? As in… Who?

        Cause it’s not like there’s some magic place that’s doing a great job holding him accountable.

        Thinking anywhere is immune from fascism is exactly how it spreads.

      • BarneyPiccolo@lemmy.today
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        3 months ago

        What are you talking about? Tesla has been on a steady downward slide ever since Musk started getting froggy. Things don’t happen overnight, y’know? It takes time, and none of the time between then and now has been good for Tesla, and it ain’t gonna get good. Tesla is a dead man walking.

          • BarneyPiccolo@lemmy.today
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            3 months ago

            We’re already seeing. So far, each earning call has been a disaster, and things have only gotten worse. Sales are down world-wide, and the Chinese have taken over the EV world, with cars that are better and cheaper.

            Tesla hasn’t had a single piece of good news since his Salute, and lots of bad news. Barring a change in upper management, they won’t be turning around.

            But you? You should definitely buy more stock. Lots more.

            • 1984@lemmy.today
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              3 months ago

              I never bought Tesla stock. It’s just hypes and dreams to me. I have a lot of Nvidia though, which is currently going down a lot too. But I will keep holding.

      • NιƙƙιDιɱҽʂ@lemmy.world
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        3 months ago

        People don’t even read. They have record sales right now, the issue isn’t that people aren’t buying their cars.

        The reason for the tank is because of how much money Tesla is spending on expansion; robotaxi rollout, data centers, and Optimus are sucking up short term funds in seeking out long term profits. Investors and the stock market hate this, but it’s nothing more than a temporary blip.

          • NιƙƙιDιɱҽʂ@lemmy.world
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            3 months ago

            If those ventures fail, they cut their losses and fall back on their cars which are doing wildly well and it’s back to business as usual. They have like 1.5 million active FSD users, nearly half of which are paying a monthly $99. They just added 200,000 more this quarter alone.

            Don’t get me wrong, fuck Tesla, I wish to see Elon destitute and miserable. But it’s just not realistic, in my opinion.

        • 1984@lemmy.today
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          3 months ago

          It’s the same reason why other tech companies are falling too, like alphabet. The giant spending on AI surprised the market, which is strange, since it hasn’t been a secret. But the stock market is always over-reacting, which is why it’s easy to make money long term.

          People without experience get scared and sell their stocks, until they get the needed experience to either sell and buy something on the way up, or don’t sell and wait it out.

  • roofuskit@lemmy.world
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    3 months ago

    Headline conveniently phrased to attract clicks from certain segment of internet users.

      • TheTechnician27@lemmy.world
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        3 months ago

        Futurism’s are particularly egregious. It exists to get clicks, and I mean in a way that clearly none of its writers give a single shit.

        This headline and story in particular are okay enough, but in general, Futurism will take scraps and turn it into “[x person/business/industry our readerbase doesn’t like] is literally shitting its pants and DYING”.

        • MinnesotaGoddam@lemmy.world
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          3 months ago
          company you don't like] shits out its stomach and everything in the way while eating a banana and peanut butter sandwich just like elvis! Click this link to find out which other 7 companies have Elvised themselves!

    • Oni_eyes@sh.itjust.works
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      3 months ago

      I’ll admit it made me slightly giddy for a few seconds.

      I needed those seconds though, so I’ll take em.

  • eicker@lemmy.world
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    3 months ago

    Wall Street spent years pricing Tesla like a future AI empire instead of a car company. Now investors are getting a reminder that robotaxis, humanoids and promises don’t magically pay today’s bills. Reality has an annoying habit of showing up right after earnings season.

    • jj4211@lemmy.world
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      3 months ago

      Also, Elon rolled most of that ‘future AI empire’ stuff into SPCX instead. Meaning that even if investors wanted to believe it that, they know that Elon can play shell games and put the prize wherever he wants and the investors are not able to control that.

      • eicker@lemmy.world
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        3 months ago

        It’s even worse! SpaceX includes XAi and XTwitter: cash burning nonsense. The only good thing about SpaceX is Starlink.

  • melsaskca@lemmy.ca
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    3 months ago

    I no longer trust reported numbers now that the “system” has been grossly manipulated by cheats and scoundrels in power. I still smirk and shake my head at and teslars driving past me on the street though.

    • db2@lemmy.world
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      3 months ago

      I no longer trust reported numbers now that the “system” has been grossly manipulated by cheats and scoundrels in power

      🌏🧑‍🚀🔫🧑‍🚀

    • CADmonkey@lemmy.world
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      3 months ago

      I bought an EV recently, and Ive been asked a few times why I didn’t get a Tesla. There’s a wide range of reasons but the one that’s the most fun to say is “I wanted a car made by a real car company”.

  • Gammelfisch@lemmy.world
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    3 months ago

    We’ve seen this before and the neo-Nazi bastard will cook the books to turn it around.