this post was submitted on 10 Mar 2025
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top 26 comments
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[โ€“] DmMacniel@feddit.org 64 points 1 month ago* (last edited 1 month ago) (2 children)

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

[โ€“] Mothproof2212@feddit.org 38 points 1 month ago (3 children)

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

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

[โ€“] Goldholz@lemmy.blahaj.zone 2 points 4 weeks ago

I can see him actually doing this

[โ€“] Bonzaibongo@lemm.ee 0 points 1 month ago

I think the canadian Feds are looking into that, and I hope they fine the ever loving crap out of him.

[โ€“] stardust@lemmy.ca 7 points 1 month ago

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

[โ€“] kn0wmad1c@programming.dev 45 points 1 month ago (2 children)

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

[โ€“] Yoga@lemmy.ca 19 points 1 month 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.

[โ€“] vesi@lemm.ee 3 points 1 month ago

We arenโ€™t stopping here๐Ÿ˜ˆ

[โ€“] frightful_hobgoblin@lemmy.ml 25 points 1 month ago

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

[โ€“] Phoenicianpirate@lemm.ee 6 points 1 month ago

Crash, bitch, crash!

[โ€“] Gudl@feddit.org 6 points 4 weeks ago

Make musk a millionaire again :)

[โ€“] cabbage@piefed.social 6 points 1 month ago* (last edited 1 month ago) (1 children)

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.

[โ€“] boonhet@lemm.ee 2 points 4 weeks 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.

[โ€“] pineapplelover@lemm.ee 5 points 1 month ago (1 children)

Fucking fire Elon so Tesla can actually make good shit. Honestly man, Elon could've just stfu and collected money.

[โ€“] amos@mander.xyz 6 points 4 weeks ago (1 children)

I have an alternative proposition:

As a society, we should all agree that car culture is not good. It is not good for the health of cities, not good for the envinronment, not good for anything really. Let's get as far away from cars as possible and start improving public transport and other ways of moving. One thing I would love to see is more shade in cities, from trees. Way way way more trees.

[โ€“] wewbull@feddit.uk 2 points 4 weeks ago (1 children)

I assume you're talking about cities where it's baking sun and so too hot to walk. One problem. Trees don't like that either and so need artificial irrigation. Plus trees tend to do lots of damage to drains and sewers as their roots seek water. Generally trees and cities aren't a great mix except in certain areas (green spaces which are maintained).

Are you speaking as an American or a European? Because I generally think American cities are hostile to anything except cars (being built after cars) and European cities are hostile to cars (being built before cars).

[โ€“] lobut@lemmy.ca 3 points 4 weeks ago

I've seen videos of people regreening deserts and it was kinda cool. They like carve out a U shape and plant things that work for the type of environment and it keeps water longer.

I know that wasn't your point and it's a complete non-sequitur but I enjoyed the vid.

I think it was videos like this: https://www.youtube.com/watch?v=F7pyGgBmzDY

[โ€“] noxypaws@pawb.social 3 points 1 month ago

Taycan purchase continues to be vindicated

[โ€“] B0rax@feddit.org 2 points 1 month ago (2 children)

Shorting Tesla stock sounds almost like a foolproof way to make money these daysโ€ฆ

[โ€“] Pringles@lemm.ee 6 points 1 month 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.

[โ€“] OhNoMoreLemmy@lemmy.ml 3 points 4 weeks 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.

[โ€“] Blaze@lemmy.dbzer0.com 2 points 1 month ago
[โ€“] vesi@lemm.ee 2 points 1 month ago

Thanks for reposting my post!๐Ÿ˜„

[โ€“] Ceruleum@lemmy.wtf 1 points 1 month ago

It's beautiful.

[โ€“] LonstedBrowryBased@lemm.ee 0 points 1 month ago

Down with Tesla!!