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RSS Bot ( rssbot@lemmy.bestiver.se ) BM to Hacker News@lemmy.bestiver.seEnglish · 18 hours ago

Tesla and SpaceX lose over $420B in combined market cap in the two days

www.cnbc.com

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Tesla and SpaceX lose over $420B in combined market cap in the two days

www.cnbc.com

RSS Bot ( rssbot@lemmy.bestiver.se ) BM to Hacker News@lemmy.bestiver.seEnglish · 18 hours ago
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Elon Musk's Tesla and SpaceX lose over $420 billion in combined market cap after midterms
www.cnbc.com
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Elon Musk's Tesla and SpaceX lose $420 billion in combined market cap after midterms

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  • KulunkelBoom ( KulunkelBoom@lemmus.org ) 
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    2 hours ago

    what…a…shame…

  • Malica ( Malica@lemmy.zip ) 
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    2 hours ago

    Pour one out for people’s retirement savings

  • Hyperion ( Hyperion@midwest.social ) 
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    3 hours ago

    Tesla has always been more hype that substance. Use Toyota as an example. Toyota has significantly higher income, profits, assets, equity, cars sold etc (it’s not even close) but even right now Tesla has a market cap that is over 5 times higher.

    • Malica ( Malica@lemmy.zip ) 
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      2 hours ago

      Vibe market in action. Investors were banking on musk raiding the treasury.

  • tangentism ( tangentism@beehaw.org ) 
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    3 hours ago

    That’s reminds me: I need to empty the septic tank

  • SaveTheTuaHawk ( SaveTheTuaHawk@lemmy.ca ) 
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    5 hours ago

    Hmmmm… $420B stock losses …$445M on rigging elections…Cybertruck cancelled…has anyone checked if Elmo is okay? should we start a crowdfund?

    • Malica ( Malica@lemmy.zip ) 
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      2 hours ago

      I’d crowd fund a guillotine

  • CompactFlax ( CompactFlax@discuss.tchncs.de ) 
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    8 hours ago

    It’s got a long way to go still before it reflects reality.

    Tsla has a PE of 380 with YoY degrowth over multiple years and no prospects of growth.

    another 150K in Europe. In the same period BYD sold about 3 million EVs. Last MONTH (October) BYD sold 500K EVs.

  • bad1080 ( bad1080@piefed.social ) 
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    12 hours ago

    image

  • AllNewTypeFace ( AllNewTypeFace@leminal.space ) 
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    12 hours ago

    Surely an epic memelord like Musk would be all over it being 420.

  • tryitout ( tryitout@infosec.pub ) 
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    17 hours ago

  • bertlewirth ( bertlewirth@lemy.lol ) 
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    12 hours ago

    Very niiiiice!

  • arak ( arak@lemmy.today ) 
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    15 hours ago

    So far…

  • Triumph ( Triumph@fedia.io ) 
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    17 hours ago

    Oh no!

    Anyway.

  • Kairos ( LodeMike@lemmy.today ) 
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    16 hours ago

    :weed:

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