Please more!!!

    • sanzky@beehaw.org
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      1 year 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 year 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.

  • cygnus@lemmy.ca
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    1 year ago

    That’s illegal! TSLA is not allowed to drop. Prepare for your mandatory stock purchase, citizen.

  • phx@lemmy.ca
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    1 year 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 year ago

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

    • rbos@lemmy.ca
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      1 year ago

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

      • sqgl@beehaw.org
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        1 year 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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    1 year 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 year 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 year 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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    1 year 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 year 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.

        • GreyEyedGhost@lemmy.ca
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          1 year 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.

    • towerful@programming.dev
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      1 year 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!

      • sqgl@beehaw.org
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        1 year ago

        It didn’t halt, it was boosted. That is how insider trading works. Same with the yo-yo tariffs.

    • Vodulas [they/them]@beehaw.org
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      1 year 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.

  • HappyTimeHarry@lemm.ee
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    1 year ago

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