Summary

Elon Musk lashed out online Monday as Tesla stock plunged over 15%, wiping out its post-election rally and shedding 50% of its value since December.

Investors worried about market declines, recession fears, and Tesla’s growing controversy after Musk’s far-right rhetoric and mass government layoffs.

Musk falsely claimed Democratic donors funded anti-Tesla protests and linked critics to Jeffrey Epstein. He amplified conspiracy theories blaming arson attacks on Democrats.

Despite his efforts, Tesla’s collapse cost Musk $23 billion in a single day.

  • Embargo@lemm.ee
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    2 months ago

    Elon: Does a Nazi salute then proceeds to do Nazi stuff within the confines of the U.S. government.

    Also Elon: Why is everyone picking on me?

      • Eatspancakes84@lemmy.world
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        2 months ago

        I mean, it’s just really hard to understand why all these billionaires have decided to become so politically active. 1.) they have more than enough money for 10 more generations at least. 2.) if there is a serious tax hike or other threat to their wealth they can always quietly buy off some key politicians. 3.) if you stick your neck out like Musk (and some other billionaire cabinet members do) you run the chance that people will want to cut it off. If I were a billionaire I would make it my lives mission to ensure that the general public does not know my name.

        • timbuck2themoon@sh.itjust.works
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          2 months ago

          It’s because they want it all. They have all the money. They want to be self righteous and proud of whatever thought that comes into their mind without having to hide it too.

          They’re billionaires already because they can’t stop. Ever.

  • tigeruppercut@lemmy.zip
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    2 months ago

    “My actions are directly linked to tanking my company, so I’ve decided to double down on being a nazi.”

    Prime example of how the rich are in their positions because of sheer genius and literally nothing else.

  • Blurry Bits@lemmy.blahaj.zone
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    2 months ago

    I’ll give credit where it’s due. The memes, the ‘swasticar’ stuff - it worked. The negative bias isnt just some lefties, it’s the drivers themselves feeling it. That stigma is not about to go away, so as long as Musk’s name is attached, the only buyers will be ideological ones.

    And, I don’t think the chuds are enough to float

    Oh well Elon, YOLO

    • EldritchFeminity@lemmy.blahaj.zone
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      2 months ago

      This is one of the things that pissed me off during the election campaign. Calling Trump “weird” worked as well, for all of a couple of weeks, and then the party muzzled Walz and never let anyone say it again.

      They had an effective ad campaign that hit their opponents right where it hurt - their fragile ego - and they just…gave up.

      • krashmo@lemmy.world
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        2 months ago

        They had an effective ad campaign that hit their opponents right where it hurt - their fragile ego - and they just…gave up.

        That’s a great overall summary of the DNC right there.

      • Ledericas@lemm.ee
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        2 months ago

        that and parading his son around was a mistake. they shouldve ramped up the attack, and instead they just went into the background.

    • Flummoxx@lemm.ee
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      2 months ago

      Wow, maybe Elon is the only person capable of getting Republicans out of internal combustible engines and into electric cars. Welcome to Bizzaro World.

  • pathos@lemmy.world
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    2 months ago

    This is the true face of Musk, who is stuck perpetually in the mindset of a melodramatic 15 y/o.

  • jyl@sopuli.xyz
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    2 months ago

    linked critics to Jeffrey Epstein.

    If you’re against me, you’re a pedo!

  • givesomefucks@lemmy.world
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    2 months ago

    Republicans thought government employees needing to divest was just to keep them from making money…

    They never realized the reason high ranking government officials shouldn’t be invested in private companies like this, is people will fuck your private company up when you do things people don’t like.

    Not to mention that once federal employees found out Tesla was in our main index, lots of people pulled their retirement out of stocks and put it in the “safe” index. Even if you don’t care about Musk and Tesla, when it’s obvious the market is gonna crash, people pull their funds.

  • bstix@feddit.dk
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    2 months ago

    Easy come, easy go. I think it was pretty obvious from the start that the richest man on Earth was balancing on a bloated balloon.

    He’s still filthy rich from the payouts he took along the way, but I guess he will soon feel the interests of the Twitter loans piercing into his actual assets.