Please more!!!

    • towerful@programming.dev
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      2 hours ago

      Pretty sure that and the White House advert halted the dip the last few days.
      Except fElon hasn’t changed, so down it goes!

    • 1984@lemmy.today
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      3 hours ago

      I did tonight, made 700 bucks. Not complaining.

      But im not going to hold Tesla. Its going down on next revenue report when people see the sales.

  • mesa@piefed.social
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    4 hours ago

    At the end of the day, there are actually better electric cars now for the price. Even starlink is starting to get major market competition for cheaper.

      • Kichae@lemmy.ca
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        3 hours ago

        Everyone and their dog wants to gunk up LEO with their soon-to-end-space-flight-forever space junk

        • Byter@lemmy.one
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          1 hour ago

          Objects in LEO fall quickly (months to single-digit years) without station-keeping, mostly from atmospheric drag. Anything we put there wouldn’t contribute to a long-term Kessler Syndrome situation. It’s geosynchronous Earth orbit (GEO) we have to worry about, but once you’re up that high there’s a lot more room for everything.

    • sanzky@beehaw.org
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      4 hours ago

      they have only survived so far because hype and government money. they have never been profitable. the stock could halve again and it would still be overvalued

      • Reil@beehaw.org
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        9 minutes ago

        It’s like 20x too high as it stands going by p/e ratios compared to the rest of the auto industry. Like 5-6x too big compared to tech companies. It’s wild.

  • cygnus@lemmy.ca
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    5 hours ago

    That’s illegal! TSLA is not allowed to drop. Prepare for your mandatory stock purchase, citizen.

    • Mak'@pawb.social
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      2 hours ago

      You jest, but I would seriously consider the possibility that he’ll sue anyone selling the stock, and sue the government for not investing in it expressly.

      I mean, god, the tantrums he’s thrown at having advertisers take breaks—because I don’t think any of them truly left—from Twitter should be proof enough of the possibility.

  • lobut@lemmy.ca
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    4 hours ago

    I wonder if Elon is probably going to bail on Tesla after he gets all his SpaceX stock hooked into government contracts and stuff.

    • GreyEyedGhost@lemmy.ca
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      25 minutes ago

      Some youtuber was saying as much. A lot of his wealth is tied up in Tesla and a lot of Tesla’s valuation is tied up in Musk. But Starlink is making far more than Tesla, he owns a larger portion of it than Tesla, and he’s selling Tesla shares. If he makes the right moves he can entirely walk away from Tesla and leave the shareholders holding the bag.

  • ivanovsky@lemm.ee
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    4 hours ago

    Disclaimer: I’m stock illiterate. Are his other companies also trending down? Or are they not publicly traded or whatever? Is it known what % of his wealth comes from Tesla (vs Starlink or SpaceX)?

    • jansk@beehaw.org
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      3 hours ago

      Most of his other companies are not publicly traded, so there isn’t much direct comparison. But Tesla has widely been known to be hugely over-inflated for years and years now, the bubble had to burst sooner or later. It is definitely being hit harder than the rest.

      • Banzai51@midwest.social
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        36 minutes ago

        Tesla was overinflated because it was run as a software startup, where they had money pouring in from venture capital. They had money coming in, but it wasn’t simply from sales. Let’s see if that stalls too.

        But wasn’t his Tesla shares used as collateral for the Twitter financing? If Tesla tanks enough, won’t his Saudi banking backers raise hell?

    • bradorsomething@ttrpg.network
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      1 hour ago

      You jest, but futures can actually go negative. At one point during covid a tanker shortage meant you could be paid a few $100 to accept delivery of a barrel of crude. Some people were joking about filling their swimming pools.