Yet, the stock price holds.
The stock market is a sham.
It's always been an MLM.
Stock market as a whole is...okay I guess. These one-off, bulletproof companies are silly. It's almost a religion and the people who hold the stock truly believe that Tesla is going to make automatic cars that will drive everyone while also making autonomous robots that will do everyone's laundry and the current problems are nothing compared to the beliefs in the future. The value will hold until it doesn't (eg, they finally need the money for today's bills in a recession that cost them their jobs), and then the value will plummet to something that actually looks normal for the sales they are making at this time.
Until they need their money, they have the unshakable belief they will all be millionaires as soon as Tesla comes out with the world changing techs and has no competition. Should be any day now. Or maybe in 2 weeks.
The fact that it's in the S&P500 also gives the stock some staying power that it otherwise wouldn't have, because a lot of people indirectly hold shares of it in a way that they can't easily dike out of their portfolio
That’s what gets me. What stupid ass holes are holding this up? Let it fucking die. Maybe don’t tie up all your money with a neurotic criminal next time? What piece of shit idiot has their income riding on Tesla shares.
We probably won’t see much movement until the next earnings call. However I can tell you the drop is already priced in. TSLA puts are super expensive. 1 month put is $2200.
Citadel (Marketmaker) has been using TSLA as a liquidity hedge against GME. They control the price.
Vive le Québec !!!
They are still selling too many.
One is too many.
I am from Quebec, and some people are even putting stickers on their rear Tesla side saying "J'ai acheter avant la folie de Musk" translating to "I bought before Musks madness"
We are not the ones to threaten to annex nor the ones to make nazi salutes in front of.
Elon a toujours été comme ça. Ces personnes n'étaient pas renseignées.
Exactement. Très bien dit.
My neighbor bought Tesla last month and I would love to go ask him: "Dude what the fuck?!"
Please do.
And report back.
In hindsight, it's so wild that five short years ago this motherfucker was thought of as a visionary.
I really miss ten years ago, when I had a faint glimmer of hope that he might not be a complete piece of shit. He really showed his character with the "pedo guy" debacle and has been on a steep downward trajectory since.
Very true. The last straw for me was the incident where he carried a sink around the Twitter offices. Immediately nuked my Twitter and switched to Mastodon afterward.
He's a modern day Edison [this is an insult].
Nah, Edison actually invented things, even if he was a shitty person.
That is very true. Or a Steve Jobs. Lots of rarified men out there happy to take credit for things other people created.
This was cringe 15 years ago but now, oh wow- https://www.youtube.com/watch?v=nfiRd4Y5z_g
Star trek discovery outcringed it
Lesson learned: wait till someone is dead to name drop them in your sci-fi 🤣
True. Always safer. I cringed when I heard Lorca use his name but now it makes sense given the plot of Discovery.
Tap for spoiler
Lorca is from the mirror universe so he would laud the ketamine addled nightmare Elon turned into as a buffoon of evil
That's a nice start.
People need to start demanding their state pension plans pull out of tesla. Lot of people's retirement money is gonna get tied up in this crash.
Go, Québec! ❤️
I live in Toronto and it’s Tesla land over here. I see those things everywhere. I wish I could say this was because of the electric car thing, but I see those hideous cyber trucks almost daily, so there’s lots of Elon fuck boys here.
I think you need to wait a generation of car buying before really coming to any conclusions.
I bought a Model Y when they first came out and still drive it, but I’m 99% sure I’ll be “one and done” with Tesla once it’s time for me to buy my next car. There are some features of my Tesla that I like, but plenty I dislike as well. I don’t agree with Elons ideas of minimizing controls, relying on vision for all automation, etc. The idea of windshield wiper controls being a couple levels deep in touchscreen menus is a terrible idea.
The only way I’d buy a second Tesla a few years down the line is if they gave up on the minimalist/touchscreen route and started reintroducing physical controls for most functions. But it’s a safe bet Elon will never allow that as long as he’s running things.
When I do finally decide to replace my Tesla a few years from now there will be significantly more EV options out there. And with the J3400 connector now an open standard and Tesla SuperChargers supporting non -Tesla EV’s, there’s even less incentive to stay with a Tesla EV.
I don’t judge Tesla drivers, most are liberal people who got fooled. But cyber trucks are a whole different thing, Elon was very clearly a far right bigot by the time the cyber truck was released
There's way too many swasticars here, but it's still like one third of what I used to see in NYC. One time one of those fuckers blocked a major intersection to shoot off illegal fireworks.
Good! Bring it down to 100% and also bring down Twitter usage to similar levels! Build fiber to rural areas so they won't need Starlink or if you currently use Starlink see if fixed wireless is possible, maybe with a parabolic antenna on your roof or on an antenna tower you could get a signal. Keep boycotting Elon Musk until he's bankrupt.
Build fiber to rural areas so they won’t need Starlink
Canadian Government "Sorry, the best I can do is get three companies that are an oligopoly to one day, maybe, fix this."
Canadian Government "Sorry, the best I can do is ~~get~~ give tons of money to three companies that are an oligopoly to one day, maybe, fix this."
The Oligopoly "We're going to use this government money to fund share buy backs and to fatten our pockets."
And raise prices every year because "we're building out new infra!"
I still see way too much tesla in Montréal. I've been telling people musk is a fascist bitch ever since he bought Twitter and let the nazis back in. Décâlisse Elon.
Ouais, qu’y mange de la marde l’ostie de tas de merde fasciste !
Someone correct me if I’m wrong, but didn’t Tesla fake a substantial portion of their sales in Canada until this year? Might that be related?
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