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submitted 4 days ago* (last edited 4 days ago) by [email protected] to c/[email protected]

KEY POINTS

Elon Musk said he would form a new political party called the “America Party.”

Tesla shares fell Monday after Musk’s announcement.

Tesla shareholders have wanted Musk to stay away from politics, especially after his stint at the so-called Department of Government Efficiency, which many have said damaged the automaker’s brand.

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[-] [email protected] 131 points 4 days ago

wild that we used to think this fucking clown was cool

[-] [email protected] 48 points 4 days ago
[-] [email protected] 42 points 3 days ago

Well, I'll give my own impression: I was never a fanboy, but I think his PR team did a good job making him seem vaguely non-threatening and focused on bringing the sci-fi ideas into reality. I remember rolling my eyes when he appeared in Iron Man 2, and the "Tony Stark" comparisons always seemed, to be charitable, aspirational. But then he started tweeting about that cave diver being a "pedo guy," fired his PR people, and it quickly became obvious who he really was.

Basically standard tech bro protocol. Appear neutral on politics and vaguely altruistic in motive, until they have so much money nobody can stop them from being their worst techno-fascist selves. (Altman seems next in line for this transition.)

[-] [email protected] 9 points 3 days ago

spot on, i never liked him but for a good while there the only things i'd seen made me go "well he seems like the least bad rich asshole"

imagine firing the PR team that pulled of a herculean feat like that

[-] [email protected] 30 points 3 days ago

I'll admit to it.

I used to think Tesla was based, since it paved the way for mass-market EVs to happen. I still think SpaceX is based because of the booster reuse and droneship recovery of Falcon 9, and the massive potential for Starship to make space massively cheaper, and Starlink for bringing Internet to rural areas/war zones like Ukraine (despite clouding the skies.)

On a personal level I found him disgusting, and as a billionaire I think he's the sickness at the core of our economy and society. The projects of his companies were genuinely useful, though.

So yeah, in 2015 he would have been closer to the bottom of my list of most evil billionaires, whereas now he's way at the top.

[-] [email protected] 7 points 3 days ago

Yep same. For the longest time, honestly too long, he was cool and smart in my eyes. I have always loved space travel and craved a high tech, sustainable future. Not anymore. He killed much of that for me.

[-] [email protected] 10 points 3 days ago

Exactly, did anyone here think non-fictional billionaires could ever be cool? After developing critical thinking skills that is.

[-] [email protected] 22 points 3 days ago* (last edited 2 days ago)

I always hated him. Peak hate was when he sent a car in space, supported Trump and did the Nazi salutes.

[-] [email protected] 9 points 3 days ago

My claim to fame is that I disliked the guy from the very first time I saw him.

[-] [email protected] 6 points 3 days ago

the problem was that the things he said he was good at are highly specialized and there was not much media attention when actual experts said he had zero idea what he was doing. it took him pretending to know how to do stuff most people can instantly recognize when done poorly, like video games or speaking in public

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[-] [email protected] 57 points 3 days ago

Still up 16% since this time last year. More crash please.

[-] [email protected] 61 points 3 days ago* (last edited 3 days ago)

CEO loses investors $68 billion after $56 billion pay rise

I wish I could survive my company losing money

[-] [email protected] 14 points 3 days ago

i truly do not understand how shareholders think, why the fuck would you keep tesla stocks at this point? sell them and invest in that chinese electric moped company for fuck's sake, infinitely more reliable

[-] [email protected] 4 points 3 days ago* (last edited 3 days ago)

It's very simple: his votes, plus his family votes and the fact that shares held in index and funds vote always like the boards direct and they have the vast majority and every "voting" is just a farce.

[-] [email protected] 19 points 3 days ago

Funny how the "America Party" wasn't created by an American.

[-] [email protected] 8 points 3 days ago

Hitler wasn't German, Stalin wasn't Russian.

[-] [email protected] 39 points 4 days ago

They should be seriously considering firing this fuck, by now. Everything he's done for the last couple of years has cost his investors money.

[-] [email protected] 31 points 4 days ago

I’m happy to see the company go up in flames. Anyone still holding positions in TSLA deserves whatever happens.

[-] [email protected] 14 points 3 days ago

Hahahaha - have you seen “the board”? It’s several bought-and-paid-for dipshits and members of his family. He’ll make a good decision before they oust him.

Not happening. Never (unless it’s part of a scam, then yeah sure why not. Gotta fleece the stooges).

[-] [email protected] 7 points 3 days ago

Then it sounds like it would be a slam-dunk to prove in court, that the board is no longer honoring its fiduciary duties to its investors.

[-] [email protected] 7 points 3 days ago* (last edited 3 days ago)

lol you think any court in this farce of a country holds the rich to account?!

As a certain scorpoin would say, "lol, lmao"

[-] [email protected] 4 points 3 days ago

Which "rich" are you talking about? The one rich guy in charge...or the many rich people that are watching their investment bottom out, because of him?

[-] [email protected] 1 points 2 days ago
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[-] [email protected] 10 points 3 days ago

Can we skip to the good part where is 100% bankrupt and no other billionaire bails him out and he ends up being arrested by a rookie cop doing his first drug arrest as Elon nearly ODs on illegal street ketamine and literally no one in the legal system cares when he is given a life sentence?

[-] [email protected] 3 points 2 days ago* (last edited 2 days ago)

I'd settle for "dies a 90 hour non-instrument rated private pilot flying the Beech Debonair he just bought VFR into IMC by slamming into a hillside trying to fly under a 300 foot ceiling."

But he wouldn't pass a 3rd class medical certificate, would he?

[-] [email protected] 2 points 2 days ago

I have a message. Elon Musk’s plane was shot down over the Sea of Japan. It spun in. There were no survivors.

[-] [email protected] 33 points 3 days ago

Still massively overvalued.

[-] [email protected] 15 points 3 days ago

Please announce creating more parties.

[-] [email protected] 4 points 2 days ago
[-] [email protected] 11 points 3 days ago* (last edited 3 days ago)

7D chess, my mind can't follow.

[-] [email protected] 7 points 3 days ago

I thought we were at 256D chess now.

[-] [email protected] 5 points 3 days ago

"Why you'd pick such a random number?"- genius coder Musk

[-] [email protected] 4 points 3 days ago

"I know for a fact that no coder would use such a number" - probably Elon Musk

[-] [email protected] 8 points 3 days ago

The ~~America~~ Elon Musk Oligarchy Party.

[-] [email protected] 8 points 3 days ago
[-] [email protected] 6 points 3 days ago

Yep! Made me smile

[-] [email protected] 14 points 3 days ago

📉⬇️ STONKS

Love to see it

[-] [email protected] 17 points 4 days ago* (last edited 3 days ago)

It coincides with a bunch of other stuff, like hints at Tesla regulation, tariffs, and regular wild swings just from being Tesla.

Tesla is up 16% over 1 year, 185.44% over 5 years, beating the S&P 500. Not that I would ever hold Tesla, but still, it's not like Musk's wealth has evaporated.

CNBC is basically the Fox News of finance world. Big, sensationalist and basically catering to day trader hype (not the longer term buy-and-hold crowd. You know, what the stock market is supposed to be). So maybe there's some cause and affect here, but I don't trust them on headlines like this.

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[-] [email protected] 8 points 3 days ago
[-] [email protected] 5 points 3 days ago

it was damaged before doge was created.

[-] [email protected] 6 points 4 days ago

will elon maco like the taco?

[-] [email protected] 2 points 3 days ago* (last edited 3 days ago)

If I were in the market for an EV, I have better options than a Tesla including some that are the equivalent of sub 10,000 USD. I just don’t know how well EVs can handle +50C temperatures.

[-] [email protected] 2 points 2 days ago

I think Mattel makes better electric vehicles than Tesla.

[-] [email protected] 4 points 3 days ago

Literal and figurative car crashes! Woo!

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this post was submitted on 07 Jul 2025
427 points (99.1% liked)

Economics

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