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

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[–] 270 points 1 year ago (37 children)

Just a quick summary:

  • insiders are selling huge amounts of stock
  • sales figures in the last two months were horrible
  • constant recalls of cybertrucks which are also basically not selling
  • protests and vandalism
  • brand is universally hated
  • record trade-ins and sales of second hand vehicles
  • no new models or products in the pipeline
  • laughable vaporware announcements
  • begging employees not to sell
  • begging Trump for a sales show
  • questionable accounting practices exposed in financial times

How anyone can still hold on to Tesla stock is beyond me.

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  • [–] 84 points 1 year ago (3 children)

    Busted for attempting fraud for EV rebates in Canada at numbers not physically possible and being stupid and arrogant enough to think he’d get away with it

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    [–] 94 points 1 year ago (1 child)

    Ken Lay, the head of Enron, told his employees the same thing.

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    [–] 94 points 1 year ago

    Now that's a sign of a healthy company!

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  • [–] 61 points 1 year ago (1 child)

    "You can't sell them until I've flooded the market with all my shares first!" -fElon, probably

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  • [–] 60 points 1 year ago
    [–] 53 points 1 year ago (3 children)

    Liquidate Musk. Appropriate his assets and redistribute the proceeds.

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    [–] 46 points 1 year ago (4 children)

    Musk has previously bragged that employee stock awards helped fend off unionization efforts in Tesla factories.

    Indeed, Tesla is currently the only major American automaker whose workforce isn't represented by a union. Musk's strategy has previously been to pay employees much lower salaries than other American auto companies, offset with those Tesla stock awards.

    Now that employee stock holdings are in the toilet, the leverage Musk once had over his laborers is quickly slipping through his fingers. The deeper Tesla's stocks plummet, the closer Musk pushes his underpaid workforce toward the bargaining table — which would be a huge cut to his own personal fortune.

    But that's something only Tesla's employees can decide. In the meantime, calls on Musk to step down as Tesla CEO are only getting louder.

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    [–] 41 points 1 year ago

    So he can sell his and cash out first?

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

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  • [–] 37 points 1 year ago

    IF you have Tesla shares AND you waited for a sign to sell them all asap .........................

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  • [–] 34 points 1 year ago
    [–] 34 points 1 year ago (3 children)

    who would invest in a car that's so susceptible to spontaneous combustion

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    [–] 34 points 1 year ago* (1 child)

    Elon has NOT demonstrated ANY transparency THIS YEAR. Don't listen to his words. Words are a "tool" that he uses to get what he wants, NOT what you want. He doesn't think he is lying, it's just business “management.” Lying is his way to help his business thrive. Perfectly normal...for him.

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  • [–] 24 points 1 year ago

    Perfectly normal for ALL Sociopathic Oligarchs. Lying, cheating, bad ethics, willingness to break the law, etc. are all considered valid business strategies these days. I've know many businesspeople who believe that.

    Most businesspeople want to operate their businesses legally and ethically. People with morals and consciences wouldn't be proud of having a successful business if it only got that way through nefarious behavior.

    Unethical businesspeople know that, and look for honest businesses like that to exploit. They see their unethical and illegal behavior as a competitive advantage over their honest competitors. They know their opponents won't cross a certain line, but they will, and they are actually excited to do it. They enjoy being dishonest, it makes them rich.

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  • [–] 33 points 1 year ago (4 children)

    While retail investors are buying up Tesla shares, insiders at the company are selling.

    That's a quote from an article on the topic. Does that sound in any way ominous to you?

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    [–] 31 points 1 year ago

    Sell your stock. Make the bank cash out elon stock so that he pay taxes on his loan collaterals

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  • [–] 31 points 1 year ago*

    Charges of domestic terrorism against anyone selling his Tesla stocks in 3... 2... 1...

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  • [–] 28 points 1 year ago (1 child)

    It's poor sales *from last year Q1 compared to 2023 Q1.

    We're not even looking at 2024 Q2-4 or 2025 Q1 yet. Telsa might be completely underwater at this point.

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    [–] 28 points 1 year ago (2 children)

    I sold my Tesla stock long ago, before it crashed, because I wouldn't support M-Rat.

    Now I'm thinking of buying a share, only because I want to be in the inevitable class-action lawsuit that is absolutely coming, blaming Musk for recklessly and predictably tanking the stock price, and the Board of Directors for not taking action and removing him from his job when he went out of his mind.

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    [–] 27 points 1 year ago (1 child)
  • [–] 24 points 1 year ago (1 child)

    He's hoping everyone else doesn't liquidate before he can. lol He's trying to leave everyone else holding the bag.

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    [–] 23 points 1 year ago* (1 child)

    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.

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    [–] 22 points 1 year ago

    Saw a yt thing last night that over the past three months Tesla execs have sold over 175k shares too

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  • [–] 21 points 1 year ago

    The protests won't stop until the company is bankrupt. Sell em if you've got em.

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  • [–] 20 points 1 year ago (5 children)

    I almost wish that I had stock to sell

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    [–] 18 points 1 year ago (3 children)

    Musks Tesla stock holdings make it so that even if he were kicked out as CEO, the company would continue to be viewed as his personal piggy bank, and likely continue to face backlash for the stuff Musk is doing. Him liquidating his stock position would crater the stock price. It's pretty well cooked.

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    [–] 17 points 1 year ago (1 child)

    Selling high is good financial sense. I’m sure a business man as good as Musk would say that too.

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    [–] 16 points 1 year ago

    Join in rest of the world, there is a lot of musk property to trash and destroy!

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  • [–] 15 points 1 year ago (3 children)

    so this bad use of oxygen psychopath has the nerve to ask his employees, who always exploits, and have a high chance of losing their job soon, to keep the investment on the swasticar so they have double the risk: their salary and their investment.

    And all for personal gain.... why I'm not surprised? and why is he still wasting precious oxygen?

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    [–] 15 points 1 year ago

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

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  • [–] 14 points 1 year ago (3 children)

    It’s been holding at about 245 for a week. Bummer is not going lower.

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