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Make musk a millionaire again :)
this post was submitted on 10 Mar 2025
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I remember a few weeks ago Dutch pension funds sold all their Tesla stock because they felt it wasn't a safe investment anymore. The decision was laughed at on reddit because Tesla still went up a little bit after that, clearly it was a political choice and the uncertainty was just an excuse, surely the Dutch people would be annoyed that politics cost them big gains on their pensions, etc etc.
I feel vindicated. Let's see how low it can go!
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Down over 50% since the all-time-high in December 2024, post-Trump election.
So that’s definitely a win!
Still needs to drop ANOTHER 90% to get back down to pre-2020 levels though..🤞🏻
Does anyone know if the insurance for these cars have gone up yet? With them being more dangerous than a ford pinto and all the vandalism you would think the insurance companies would raise the rates.
It's up over $60 from where it was at this time last year, so there's still work to do on this clearly overinflated stock
Tesla has been over inflated for years now. At one point (for quite a long time) it was worth more than every other major auto maker combined despite having pitiful profits relative to Toyota or many of the other players.
220 right now
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Next up: Elon sueing car drivers for not buying his swasticar just like he tried on twitter with advertisers.
He will just buy them himself, look at the sales numbers in Canada... 8,600 cars in 3 days! In Canada...
I think the canadian Feds are looking into that, and I hope they fine the ever loving crap out of him.
Is it wrong to think that people should go to jail for fraud instead of just fines everywhere?
No not at all, i have just given up all hope on seeing any kind of justice like that in the united states.
I can see him actually doing this
That particular situation looks like it may be due to how the process worked and government comments that the money would be running out earlier than planned.
Apparently dealers weren't required to submit at the time of sale, but on a monthly or quarterly basis instead, which is a very common timeline for businesses to handle things like that. But after the announcement of the program ending early, Tesla submitted everything they had pending immediately, which makes complete sense.
I have not done a lot of research on this particular topic, and the little I have done may not have been accurate sources, but that situation would line up without needing to grasp at any crazy theories.
That's a very low effort fraud, by the way
Suing people for not buying tesla stock and suing those who sell it.
Fucking fire Elon so Tesla can actually make good shit. Honestly man, Elon could've just stfu and collected money.
I have an alternative proposition:
As a society, we should all agree that car culture is not good. It is not good for the health of cities, not good for the envinronment, not good for anything really. Let's get as far away from cars as possible and start improving public transport and other ways of moving. One thing I would love to see is more shade in cities, from trees. Way way way more trees.
I assume you're talking about cities where it's baking sun and so too hot to walk. One problem. Trees don't like that either and so need artificial irrigation. Plus trees tend to do lots of damage to drains and sewers as their roots seek water. Generally trees and cities aren't a great mix except in certain areas (green spaces which are maintained).
Are you speaking as an American or a European? Because I generally think American cities are hostile to anything except cars (being built after cars) and European cities are hostile to cars (being built before cars).
I've seen videos of people regreening deserts and it was kinda cool. They like carve out a U shape and plant things that work for the type of environment and it keeps water longer.
I know that wasn't your point and it's a complete non-sequitur but I enjoyed the vid.
I think it was videos like this: https://www.youtube.com/watch?v=F7pyGgBmzDY
I visited a few larger european cities and I got to admit that I don't feel the same.
All but a few I saw were changed to accommodate car traffic to a high or extreme level and only after recent decades there is some incentive to shrink the area that is dedicated to motorized traffic and parking zones.
Being from germany my perception of how hostile cities can be towards pedestrians might be skewed compared to american experiences.
The dutch way off a professionally thought out and highly efficent pathway for cyclists and extended pedestrian zones comes to mind as well as a plan to redesign Paris as a pedestrian tourist powerhouse as it struggles with perceived pollution, noise and heat thus diminishing its touristic visits.
Like you said, Paris was build before cars were widespread and could return to a modern resemblance of it's old self. I feel there is immense touristic potential in catering this idea creating pilot projects for hundreds of metropolitan areas where old infrastructure is maintained in presentable fashion.
So I feel that there are good reasons to reevaluate how we want to change our older densely build areas to find a good balance, ensuring that local population has ways of living their everyday live in timesaving and fulfilling manner but also creating spaces that are worthwhile, relaxing to stay in.
Down with Tesla!!
More dramatic to say $320 billion in market cap has been destroyed.
No, rather $320 billion dollars in speculative value has simple been unrealised! 😉
Or that it's down 34% since the start of the year. At this rate the company will be bankrupt by the 3rd quarter.
They dropped 72% in late 2021 albeit over 15 months. What I'm saying is, they can beat that record, and quicker this time... I believe in them!!
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Hope this guy ends up piss-poor and very sad.
Nikola spinning in his grave so hard, EVs can charge up there.
He charges Euro cars only
I feel bad for the engineers that work there. But I feel great that it's literally destroying musk net worth.
I don’t. They work for a terrible guy and they KNOW it.
Many of them are immigrants who got in with work visas so they can't easily change jobs. Elon knows this and exploits the situation. It's all just terrible.
maybe they will lose their jobs and be hired by other EV companies.
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They should’ve started looking for new roles right after his inauguration speech
Crash, bitch, crash!
It seems it'll sink on to 252 the moment the markets open, if I understand Yahoo finance correctly.
I don't really understand what the pre-market value is, but it seems to mean the value keeps on fluctuating even after the markets close and no stocks formally trade hands. And it looks like Tesla is going to have yet another rough day.
I don't feel bad for any of the idiots losing their money on this. They all had plenty of time to get out - if they sold after the CEO made a nazi salute they would pretty much get out on top. Whoever is a shareholder deserves anything coming for them. (Sadly that includes myself, indirectly through the Norwegian sovereign wealth fund. Bummer. Oh well, I had it coming.)
Edit: Half an hour after the markets open the stock has dropped to ~241. Lol.
I also hold some Tesla because my retirement fund consists of multiple index funds, some of which hold Tesla.
I'm good with Tesla losing value though. It hurts Elon more than it hurts me.
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