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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

Tesla's value plunged nearly $200 billion since mid-July – and the EV maker faces a bumpy road ahead::Tesla shares closed Tuesday at just over $233, well down on their 2023 peak of $291.

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[-] Tetsuo@jlai.lu 10 points 1 year ago

I see so much hate toward Tesla in this post and I assume it's mostly because of Musk.

But at the end of the day they are still the ones selling the most EV which I still believe is a good thing.

I'd rather people buy an asshole's EV than another polluting pick-up truck tbh. (I know EV are also creating pollution, no need to point this out ty).

The vast majority of EVs I see in the street of my french city are Tesla's. And I see a bit more everyday. And no matter how much I despise Musk, I still appreciate the fact that tesla is helping us move forward from combustion engines.

I don't really care if someone buys a Tesla just to show off. It's one less combustion engine on the road.

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[-] trackcharlie@lemmynsfw.com 9 points 1 year ago

It might face a bumpy road but the reality is the core reason for the drop is the amount of stock musk has sold to cover his idiotic decisions recently

[-] InternetUser2012@midwest.social 9 points 1 year ago

Who would have thought your brand would tank if you go full send on being a absolute douche bag. Almost like there is consequences for you actions... Something these ultra rich assholes never face.

Still up 1,000% over 5 years...plenty of room to fall

[-] scarabic@lemmy.world 5 points 1 year ago

200 b-b-b-b-billion…!

Where's my cybertruck already?!?!

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this post was submitted on 23 Aug 2023
743 points (96.8% liked)

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