Please more!!!
Too big to fail. Prepare for gov bailouts.
they have only survived so far because hype and government money. they have never been profitable. the stock could halve again and it would still be overvalued
It’s like 20x too high as it stands going by p/e ratios compared to the rest of the auto industry. Like 5-6x too big compared to tech companies. It’s wild.
Drop that fucker til it’s in the ground.
it is still overvalued anyway. they havent shown the profitability and growth potential that its current price reflects, not even after plunging as much as it did.
That’s illegal! TSLA is not allowed to drop. Prepare for your mandatory stock purchase, citizen.
You jest, but I would seriously consider the possibility that he’ll sue anyone selling the stock, and sue the government for not investing in it expressly.
I mean, god, the tantrums he’s thrown at having advertisers take breaks—because I don’t think any of them truly left—from Twitter should be proof enough of the possibility.
And then the citizens will own a chunk of Tesla? And we will see our investment pay off when it does well?
Pretend I made that into padme/anakin meme.
Let’s go for ten weeks! Then twenty!
If your erection lasts for more than 1h, see a medical professional or stop watching the Tesla stock prices
The stocks are merely at pre-election levels and look like they have now stabilized unfortunately.
Down 5% today, not super stable. Could have been a dead cat bounce last week.
The instability is great for inside traders eg those who knew about the Whitehouse lawn stunt in advance. That was not a dead cat bounce, it was the stunt.
But the trend since the stunt has been stable enough.
I certainly will be looking at the graph each day rather than reading articles describing it.
Reminds me of how people laugh at the yo-yo tariffs, totally ignoring how insider trader buddies of Trump must love it. Is an overall economic decline going to bother them in comparison?
Aand still +30% from year ago.
Is “Tesla is going bankrupt” then new “Putin has cancer”?
Trump apparently tried claiming it’s illegal to boycott Tesla. They’re most likely not happy about it lol
The entire stock market is likely overvalued by 25% or so. This is a regression to the mean, accelerated by the fact that Musk no longer seems to care whether Tesla is successful or not. Probably because he sucked out all the money via that incentive package the board approved a few months ago.
The pay was in stock options. It essentially doubled his ownership of Tesla from 12% to 25% so he in fact cares a lot about the price.
The stockholders are definitely morons for agreeing to it. Pay the fashgeld and you never get rid of the fash.
I didn’t know that, thank you! Also apparently a judge has blocked the awarding of the package?
Yes, we’ll see if it sticks. The prior argument was that Elon effectively controlled the board, and when he convinced the shareholders to vote in favor as well he lied/threatened them and invalidated it. This is just cynicism but I wouldn’t particularly expect that to stick, but who knows?
Maybe the judges will think of the poor shareholders for once
And yet Musk is fixing NASA’s screwup today by rescuing people.
You mean Boeing’s screw up. They were the designer/manufacturer of the capsule that had issues. Plus Musk has very little if anything to do with SpaceX engineering or operations (Gwynn Shotwell is in charge of operations). Mostly he just does “Funny” shit like telling engineers to make Starship more pointy.
Sure, like he’s “fixing” the government?
tsla stock price was around $230 when musky used it as collateral for whatever loans he took out for the purchase.
At the end of the day, there are actually better electric cars now for the price. Even starlink is starting to get major market competition for cheaper.
Even starlink is starting to get major market competition for cheaper.
Please elaborate.
Everyone and their dog wants to gunk up LEO with their soon-to-end-space-flight-forever space junk
Objects in LEO fall quickly (months to single-digit years) without station-keeping, mostly from atmospheric drag. Anything we put there wouldn’t contribute to a long-term Kessler Syndrome situation. It’s geosynchronous Earth orbit (GEO) we have to worry about, but once you’re up that high there’s a lot more room for everything.
Kessler syndrome is specifically about LEO, and the damage done by debris from collissions, though. Like, that was Kessler’s whole thing.
One study suggested all that burn up is bad for the ozone letter though
Also introduces small amounts of bad metals in the air. It’s one of the reasons wooden satellites are starting to be sent up.
Doo you happen to have a good, informative link? Or perhaps a company name I could look up?
This sounds incredibly cool.
BBC (pre launch): https://www.bbc.co.uk/news/business-55463366
After launch: https://edition.cnn.com/2024/11/05/style/japan-wooden-satellite-hnk-intl/index.html
Wikipedia: https://en.m.wikipedia.org/wiki/LignoSat
Ok, so list the ones I can buy today
I’m waiting for Musk to have to sell his stock.
Disclaimer: I’m stock illiterate. Are his other companies also trending down? Or are they not publicly traded or whatever? Is it known what % of his wealth comes from Tesla (vs Starlink or SpaceX)?
Most of his other companies are not publicly traded, so there isn’t much direct comparison. But Tesla has widely been known to be hugely over-inflated for years and years now, the bubble had to burst sooner or later. It is definitely being hit harder than the rest.
Tesla was overinflated because it was run as a software startup, where they had money pouring in from venture capital. They had money coming in, but it wasn’t simply from sales. Let’s see if that stalls too.
But wasn’t his Tesla shares used as collateral for the Twitter financing? If Tesla tanks enough, won’t his Saudi banking backers raise hell?
¡¡doʇ ǝɥʇ oꓕ
How considerate of you to write in a way fascists can read more easily
Not sure if calling Australians fascists or not
Never look up for the keywords “Mussolini+Loreto” then
I wonder if Elon is probably going to bail on Tesla after he gets all his SpaceX stock hooked into government contracts and stuff.
Some youtuber was saying as much. A lot of his wealth is tied up in Tesla and a lot of Tesla’s valuation is tied up in Musk. But Starlink is making far more than Tesla, he owns a larger portion of it than Tesla, and he’s selling Tesla shares. If he makes the right moves he can entirely walk away from Tesla and leave the shareholders holding the bag.
holding the bag
And not doing shit that tanks the stock price and sales.
There are good indications that the stock is overvalued by as much as 10 times, even after the recent drops in stock prices. A lot of that appears to be propped up by his hype. If the stock just normalizes to values typical of other car companies, it will be a major blow to anyone that owns the stock.
Couldn’t he just, like, sell his shares like a normal person? Nobody’s stopping him, right?
Pretty sure he can’t, since he isn’t a normal person, just like he and the rest of the board have to announce any shares they buy or sell.
