this post was submitted on 11 Mar 2025
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politics

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Summary

Elon Musk lashed out online Monday as Tesla stock plunged over 15%, wiping out its post-election rally and shedding 50% of its value since December.

Investors worried about market declines, recession fears, and Tesla's growing controversy after Musk's far-right rhetoric and mass government layoffs.

Musk falsely claimed Democratic donors funded anti-Tesla protests and linked critics to Jeffrey Epstein. He amplified conspiracy theories blaming arson attacks on Democrats.

Despite his efforts, Tesla's collapse cost Musk $23 billion in a single day.

(page 2) 50 comments
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[–] Theprogressivist@lemmy.world 60 points 2 days ago (1 children)

linked critics to Jeffrey Epstein.

Projection to the highest degree.

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[–] pogt@lemmy.wtf 8 points 2 days ago

That was an awesome read. Thank you.

[–] mrbutterscotch@feddit.org 39 points 2 days ago

I hope it falls even more, what a loser

[–] bonkers@lemm.ee 2 points 1 day ago
[–] Formfiller@lemmy.world 2 points 1 day ago

Thoughts and prayers

[–] JustZ@lemmy.world 12 points 2 days ago

Maybe he should do more Nazi salutes.

[–] bstix@feddit.dk 30 points 2 days ago

Easy come, easy go. I think it was pretty obvious from the start that the richest man on Earth was balancing on a bloated balloon.

He's still filthy rich from the payouts he took along the way, but I guess he will soon feel the interests of the Twitter loans piercing into his actual assets.

[–] jumperalex@lemmy.world 29 points 2 days ago* (last edited 2 days ago) (1 children)

In an IDEAL world, Musk will be removed as CEO for both failure to perform (he's literally not doing his job given that he's doing all his DOGshitE) and the harm he's bringing to the brand. No other CEO would be allowed to get away with this.

Then, in a JUST world the stock will stabilize, start to grow again, and everyone will get back on the EV train with Tesla included. While the Muskrat watches from the sidelines like the loser he is.

CAVEAT: only if he also doesn't still own any more of the stock than he could get owning VTSAX like the rest of us.

[–] dmention7@lemm.ee 35 points 2 days ago (3 children)

Maybe its a bit of a spicy take... but honestly, I'd be okay with this being a death spiral for tesla. They played their role in getting EVs into the mainstream, now let their figurative head rot on a pike as a warning that letting a shithead nazi helm your company is an existential mistake, and not just a bump in the road.

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[–] patrickS@lemm.ee 8 points 2 days ago (5 children)

Apropos nothing, has there ever been an uglier name (aesthetically, aurally) than "Elon Musk"? Just say it out loud a couple of times. Does it not make you almost throw-up in your mouth a little bit?

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[–] thickertoofan@lemm.ee 5 points 2 days ago

well deserved!

[–] europeanfan122@lemm.ee 14 points 2 days ago (1 children)

Somehow I’m not feeling bad

[–] melpomenesclevage@lemmy.dbzer0.com 17 points 2 days ago (7 children)

I am, but only because i reflexively opened a bottle of sparkling white and poured myself a glass and realized im drinking before noon oh god i've become my mother.

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