this post was submitted on 22 Mar 2025
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politics

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[–] shaquilleoatmeal@lemm.ee 13 points 6 days ago

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

[–] HawlSera@lemm.ee 9 points 6 days ago (1 children)

This is going to end funny

[–] Goldholz@lemmy.blahaj.zone 1 points 6 days ago

Season 2025 of the second phase of earth is sooo facinating!

[–] Goldholz@lemmy.blahaj.zone 6 points 6 days ago

SELL SELL SELL!

[–] Etterra@discuss.online 5 points 6 days ago

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

[–] Naevermix@lemmy.world 4 points 6 days ago (1 children)

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

[–] Etterra@discuss.online 5 points 6 days 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.

[–] Someplaceunknown@lemm.ee 0 points 6 days ago (1 children)

I wonder how this will end?

[–] Trainguyrom@reddthat.com 2 points 6 days ago

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

[–] cronenthal@discuss.tchncs.de 269 points 1 week ago (43 children)

Just a quick summary:

  • insiders are selling huge amounts of stock
  • sales figures in the last two months were horrible
  • constant recalls of cybertrucks which are also basically not selling
  • protests and vandalism
  • brand is universally hated
  • record trade-ins and sales of second hand vehicles
  • no new models or products in the pipeline
  • laughable vaporware announcements
  • begging employees not to sell
  • begging Trump for a sales show
  • questionable accounting practices exposed in financial times

How anyone can still hold on to Tesla stock is beyond me.

[–] nokturne213@sopuli.xyz 90 points 1 week ago

How anyone can still hold on to Tesla stock is beyond me.

And they pay no dividends.

[–] ragingdachshund@lemm.ee 83 points 1 week ago (3 children)

Busted for attempting fraud for EV rebates in Canada at numbers not physically possible and being stupid and arrogant enough to think he’d get away with it

[–] CileTheSane@lemmy.ca 34 points 1 week ago

Musk believes he's smarter than everyone else. So think of how stupid Musk is, then imagine how dumb he must believe everyone else is in order for him to be the smartest man alive.

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[–] draenog@lemmy.world 29 points 1 week ago (1 children)

You left out "Incredibly high P/E"

[–] merc@sh.itjust.works 4 points 6 days ago

What I love is that it's a damned if you do, damned if you don't situation.

The whole reason it has such an absurd valuation, 20x higher than a normal car company, is that they convinced investors they weren't just a boring car company. They had a visionary CEO who was going to keep innovating and growing the company in ways that normal car companies could never replicate. He was Tony Stark! Now they're in a situation where it's that same CEO who's dragging them down. His politics is tanking their reputation, so it's tanking their stock value.

The problem is, if they dump him as CEO, there's absolutely no way to justify the absurd P/E ratio. They can't just go out and appoint another supposed "Tony Stark" to run the company. That means they stick with him and their stock price tanks because he's one of the most hated people in the world. Or, they ditch him and their stock price tanks because with their visionary CEO gone, the jig is up and there's clearly no way to justify a P/E ratio of 100 when Toyota has a P/E ratio of approximately 7.

And for Elon, half his wealth is Tesla stock, and he borrowed against that Tesla stock to fund his Twitter purchase. If Tesla tanks, it all could come crashing down around him. There's no escape for him either. He can't realistically even sell his stock because as soon as he started trying to do that it would signal his lack of confidence and cause the value to plummet.

It's just annoying that Tesla's stock isn't crashing faster. So many people who don't believe in the sunk cost fallacy, and are desperately lying to themselves rather than cashing out before the bubble bursts.

[–] Ledericas@lemm.ee 28 points 1 week ago

and the rebate fraud in canada.

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[–] kescusay@lemmy.world 94 points 1 week ago

Now that's a sign of a healthy company!

[–] TheReturnOfPEB@reddthat.com 94 points 1 week ago (1 children)

Ken Lay, the head of Enron, told his employees the same thing.

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[–] Zedstrian@lemmy.dbzer0.com 61 points 1 week ago (1 children)

"You can't sell them until I've flooded the market with all my shares first!" -fElon, probably

[–] entwine413@lemm.ee 59 points 1 week ago (7 children)

That's why he doesn't want them to sell. If the price drops low enough, the banks will make him sell all of the shares that he used for collateral to purchase Twitter. Cashing in billions in shares will be the final nail in Tesla's coffin.

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[–] thefluffiest@feddit.nl 60 points 1 week ago
[–] Gates9@sh.itjust.works 53 points 1 week ago (3 children)

Liquidate Musk. Appropriate his assets and redistribute the proceeds.

[–] Fredselfish@lemmy.world 36 points 1 week ago (1 children)

I saw a cybertruck today. Fucker had a new tag on it. Fucker just bought it. I yelled and czlled hiim a fucking nazi. No way you buy any Telsa without knowing who you support.

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[–] b3an@lemmy.world 46 points 1 week ago (4 children)

Musk has previously bragged that employee stock awards helped fend off unionization efforts in Tesla factories.

Indeed, Tesla is currently the only major American automaker whose workforce isn't represented by a union. Musk's strategy has previously been to pay employees much lower salaries than other American auto companies, offset with those Tesla stock awards.

Now that employee stock holdings are in the toilet, the leverage Musk once had over his laborers is quickly slipping through his fingers. The deeper Tesla's stocks plummet, the closer Musk pushes his underpaid workforce toward the bargaining table — which would be a huge cut to his own personal fortune.

But that's something only Tesla's employees can decide. In the meantime, calls on Musk to step down as Tesla CEO are only getting louder.

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[–] Kalysta@lemm.ee 40 points 1 week ago

So he can sell his and cash out first?

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

[–] redlemace@lemmy.world 37 points 1 week ago

IF you have Tesla shares AND you waited for a sign to sell them all asap .........................

[–] SeeMarkFly@lemmy.ml 34 points 1 week ago* (last edited 1 week ago) (1 children)

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 24 points 1 week 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.

[–] mysticpickle@lemmy.ca 34 points 1 week ago
[–] pyre@lemmy.world 33 points 1 week ago (3 children)

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

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[–] cronenthal@discuss.tchncs.de 33 points 1 week ago (4 children)

While retail investors are buying up Tesla shares, insiders at the company are selling.

That's a quote from an article on the topic. Does that sound in any way ominous to you?

[–] qprimed@lemmy.ml 24 points 1 week ago (1 children)

the public as exit liquidity. again.

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[–] ekZepp_db0@lemmy.dbzer0.com 31 points 1 week ago* (last edited 1 week ago)

Charges of domestic terrorism against anyone selling his Tesla stocks in 3... 2... 1...

[–] Litebit@lemmy.world 31 points 1 week ago

Sell your stock. Make the bank cash out elon stock so that he pay taxes on his loan collaterals

[–] justOnePersistentKbinPlease@fedia.io 28 points 1 week ago (1 children)

It's poor sales *from last year Q1 compared to 2023 Q1.

We're not even looking at 2024 Q2-4 or 2025 Q1 yet. Telsa might be completely underwater at this point.

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[–] vegeta@lemmy.world 27 points 1 week ago (1 children)
[–] drzoidberg@lemmy.world 35 points 1 week ago (3 children)

I mean, if Jim Cramer is telling me to buy something, I'm gonna sell it. If he's telling me to sell, I'm gonna buy more. Never seen a stock guy wrong as often as him.

[–] tfm@europe.pub 25 points 1 week ago

All of them are wrong. But he is the wrongest

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[–] barneypiccolo@lemm.ee 27 points 1 week ago (2 children)

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.

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[–] Xanza@lemm.ee 24 points 1 week ago (1 children)

He's hoping everyone else doesn't liquidate before he can. lol He's trying to leave everyone else holding the bag.

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[–] TerkErJerbs@lemm.ee 22 points 1 week ago

Saw a yt thing last night that over the past three months Tesla execs have sold over 175k shares too

[–] archonet@lemy.lol 21 points 1 week ago* (last edited 1 week ago) (1 children)

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.

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[–] 0ops@lemm.ee 20 points 1 week ago (5 children)

I almost wish that I had stock to sell

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[–] Showroom7561@lemmy.ca 20 points 1 week ago

The protests won't stop until the company is bankrupt. Sell em if you've got em.

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