Please more!!!

  • umbrella@lemmy.ml
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    7 hours ago

    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.

  • HappyTimeHarry@lemm.ee
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    8 hours ago

    tsla stock price was around $230 when musky used it as collateral for whatever loans he took out for the purchase.

    • Vodulas [they/them]@beehaw.org
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      12 hours ago

      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.

  • vga@sopuli.xyz
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    21 hours ago

    Aand still +30% from year ago.

    Is “Tesla is going bankrupt” then new “Putin has cancer”?

    • PeteZa@lemm.ee
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      9 hours ago

      Trump apparently tried claiming it’s illegal to boycott Tesla. They’re most likely not happy about it lol

    • sensiblepuffin@lemmy.funami.tech
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      18 hours ago

      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.

      • DragonTypeWyvern@midwest.social
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        11 hours 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.

  • phx@lemmy.ca
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    1 day ago

    If your erection lasts for more than 1h, see a medical professional or stop watching the Tesla stock prices

  • sqgl@beehaw.org
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    1 day ago

    The stocks are merely at pre-election levels and look like they have now stabilized unfortunately.

    • Rob Bos@lemmy.ca
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      1 day ago

      Down 5% today, not super stable. Could have been a dead cat bounce last week.

      • sqgl@beehaw.org
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        1 day ago

        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?

  • ivanovsky@lemm.ee
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    2 days ago

    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)?

    • jansk@beehaw.org
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      1 day ago

      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.

      • Banzai51@midwest.social
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        1 day ago

        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?

  • lobut@lemmy.ca
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    2 days ago

    I wonder if Elon is probably going to bail on Tesla after he gets all his SpaceX stock hooked into government contracts and stuff.

    • GreyEyedGhost@lemmy.ca
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      1 day ago

      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.

      • psud@aussie.zone
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        22 hours ago

        holding the bag

        And not doing shit that tanks the stock price and sales.

        • GreyEyedGhost@lemmy.ca
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          1 day ago

          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.

  • mesa@piefed.social
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    2 days ago

    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.

    • bradorsomething@ttrpg.network
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      1 day ago

      You jest, but futures can actually go negative. At one point during covid a tanker shortage meant you could be paid a few $100 to accept delivery of a barrel of crude. Some people were joking about filling their swimming pools.

    • sanzky@beehaw.org
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      1 day ago

      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

      • Reil@beehaw.org
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        1 day ago

        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.

    • towerful@programming.dev
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      1 day ago

      Pretty sure that and the White House advert halted the dip the last few days.
      Except fElon hasn’t changed, so down it goes!

    • 1984@lemmy.today
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      1 day ago

      I did tonight, made 700 bucks. Not complaining.

      But im not going to hold Tesla. Its going down on next revenue report when people see the sales.