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

  • shaquilleoatmeal@lemm.ee
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    7 hours ago

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

  • Etterra
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    6 hours ago

    Sell off! Sell off! Tank it! Make him suffer!

  • Naevermix@lemmy.world
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    7 hours ago

    The stock is currently recovering but there’s a lot of fear. People might bail out if Musk pulls another stunt.

    • Etterra
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      6 hours ago

      Yeah he’s been quiet the last few days, and I knew that had to be why. It won’t last through, he’s like Trump in that neither can stand it when they’re not the center of attention.

  • archonet@lemy.lol
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    14 hours ago

    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.

  • Bubbaonthebeach@lemmy.ca
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    17 hours ago

    Tesla stock is way, way overvalued. If it were based completely on the company and its product, it would be 1/5 or 1/6 of its current market value. That hyped-up value was based on Musk being a benevolent leader into a progressive future of electric vehicles, continentally available charging, shared infrastructure, getting off fossil fuels, solar and alternative energy sources, etc, etc. However now that he has shown that he is actually a regressive, do anything for a buck to be the first trillionaire even if he kills the USA in the process, a**hole, why would Tesla stock stay overvalued? Especially as every new line of Teslas has more problems, with the latest cybertruck being fully recalled? Anyone not bailing now is likely to lose most of their value the longer they wait. The MAGAs that Musk now appeals to are never going to buy an EV and his former supporters that he stabbed in the back will go on to other EV providers.

    • CharlesDarwin@lemmy.world
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      12 hours ago

      That P/E ratio it has is crazy. It’s basically a meme stock. I think 1/5 to 1/6 is being very, very generous.

  • Kalysta@lemm.ee
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    21 hours ago

    So he can sell his and cash out first?

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

    • Trainguyrom@reddthat.com
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      5 hours ago

      Probably with an illegal government bailout, either in the form of an incredibly generous to Tesla purchase order or just cold hard cash

  • pyre@lemmy.world
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    22 hours ago

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

  • SeeMarkFly@lemmy.ml
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    1 day ago

    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.

    • barneypiccolo@lemm.ee
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      1 day 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.

  • barneypiccolo@lemm.ee
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    1 day ago

    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.