For everyone blaming his politics for the decline, you clearly weren't paying attention when 75% of Tesla shareholders voted to pay him a $1T bonus last November.
The people dealing with stocks don't care about his politics.
They love his politics, I wonder how many he helped out cutting up regulatory agencies that may have been looking into their own companies they're CEOs to.
Im happy about it at least
typical result of feeding fascism
nazi stock market boomed until russia
probably helped them get as far as they did
Is it Bidens fault again?
No. Clearly Obamas fault.
Thanks Obama!
/s
It's almost like evolution provides us with an endless supply of fools.
Tiger Mountain, Washington?
They always think they're in on the scam instead of the ones being scammed.
Good god, people were actually believing in that stock? Fucking idiots. 😂
That’s a meme stock, or something you buy a single share of just to say you have it. That wasn’t ever going make you rich, certainly not in the short run.
If you wanted to gamble some money on it the only smart play was obviously to aim for something safe like 10% and ride the first 24 hour pump and dump. I considered it but the whole thing felt just too dumb even to risk that.
It's mad that anyone thought this was anything but a panicked debt rescue and exit scheme
If you can't keep up with the corrupt big boys who own and manipulate the stock market then buy a fucking RRSP. There is no such thing as a free lunch (unless you are one of the corrupt big boys who own and manipulate the stock market).
What… did they think was gonna happen??? It was a huuuuge pump and dump wealth transfer. It was so fucking obvious
They thought they'd sell first and leave someone else as the bagholder.
Classic exititis when speculative hype meets financial reality.
You don't understand, Elon is a genius and this is all part of his plan. /s
Btw, now that his stocks are plummeting, do you think banks will make him pay them back? That would be fun.
It's so hard to believe how people put so much money into a completely unknown stock (and with the joker Elon Musk involved in it) on day one. These people are not on their first day as investors but they are sure acting like it.
I think too many kids grew up on social media and believe whatever they read there. Fed by algorithms.
Even though, these guys have so much money so I guess it's adults? It's pretty shocking.
Lol no these are not adults. At least not in any emotional maturity context. Chronologically maybe...
I've been thinking about founding a secular religion. One of its commandments will be "Thou shalt not be a mark." You have a positive obligation to acquire at least a modicum of street smarts. It's a special case of the principle of peace through being a hard target.
I understand that some people are incapable of taking on even that level of responsibility for themselves. They deserve special care. As for the unwilling, they're like bad drivers who expect others to compensate for their recklessness. I'm sorry if they got conned by Musk, but things like that happen when you stick your finger into the rotating blade.
What does it mean to be a "mark?" Don't you mean being a dimwit? lol.
A "mark" is the victim of a scam.
https://en.wikipedia.org/wiki/Scam
-24% since IPO is still crazy high. I expected it to drop at least 50% day one. But alas, people are idiots
They have no one to blame but themselves. What kind of flaming idiot puts their trust in Musk after all he has pulled and all that was publicly available about the spacex stock being an AI scam and not the previous core business of spacex.
Plus they were overvalued by a factor of like 100 if you can read and were bothered to read their prospectus and how/why they valued the company the way they did.
Wouldn't lose money if they weren't stupid. How did all of us peasant folk see what was coming, but the savvy investors couldn't?
But they'd never admit that we're intelligent. That would ruin their savvy investor persona. Instead, we're just too woke or have Musk Derangement Syndrome.
To an extent, they weren't betting on the business, they were betting on the masses eating up the stock.
And they were at least initially right, and cashing out 2-4 days after the IPO certainly worked for and of them. Stock going down required some significant portion of them to take their winnings.
They were betting on the stupidity of the retail investor, not the fundamentals of the business.
Had this stock started being included in normal people's 401ks or pensions yet?
Some of my meager wealth is in that kind of place. And while I want nothing to do with SpaceX, I think it will be forced on me soon. I only get the choice of vanguard x, y or z.
That was my understanding of the long term scheme, and the goal of the various rule changes allowing this stock to be included in indexes early.
The same way that investors in Theranos ignored their medially trained family members. They're gambling addicts.
This is a most excellent place for technology news and articles.
