As top shareholders dump their Tesla stock, Musk is now begging the rank and file to hold onto their equity.

Keep it going. Canada, you’re doing great.

  • Naevermix@lemmy.world
    0·
    1 day ago

    The stock is currently recovering but there’s a lot of fear. People might bail out if Musk pulls another stunt.

    • Etterra@discuss.onlineEnglish
      0·
      1 day ago

      Yeah he’s been quiet the last few days, and I knew that had to be why. It won’t last through, he’s like Trump in that neither can stand it when they’re not the center of attention.

  • shaquilleoatmeal@lemm.eeEnglish
    0·
    1 day ago

    I may not know anything about the stock market, but I think this means everyone should sell their stocks.

  • archonet@lemy.lolEnglish
    0·
    2 days ago

    when the CEO is begging shareholders “please don’t sell your stocks”, that is quite possibly the single biggest red flag for any company ever. That is “pull your money out yesterday” territory.

  • Bubbaonthebeach@lemmy.caEnglish
    0·
    2 days ago

    Tesla stock is way, way overvalued. If it were based completely on the company and its product, it would be 1/5 or 1/6 of its current market value. That hyped-up value was based on Musk being a benevolent leader into a progressive future of electric vehicles, continentally available charging, shared infrastructure, getting off fossil fuels, solar and alternative energy sources, etc, etc. However now that he has shown that he is actually a regressive, do anything for a buck to be the first trillionaire even if he kills the USA in the process, a**hole, why would Tesla stock stay overvalued? Especially as every new line of Teslas has more problems, with the latest cybertruck being fully recalled? Anyone not bailing now is likely to lose most of their value the longer they wait. The MAGAs that Musk now appeals to are never going to buy an EV and his former supporters that he stabbed in the back will go on to other EV providers.

  • Kalysta@lemm.ee
    0·
    2 days ago

    So he can sell his and cash out first?

    Nah. Tesla’s dead. Now we need to kill spacex