FuckMusk

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This is a community designed to enjoy the extended downfall of Elon Musk.

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submitted 1 day ago by KingPorkChop@lemmy.ca to c/FuckMusk@lemmy.ca

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[–] misterdoctor@lemmy.world 20 points 1 day ago (1 children)

Logically I know you’re right but emotionally, I fucking hate seeing any sort of positive gain for that dipshit

[–] casmael@lemm.ee 14 points 1 day ago

I completely agree. The stock market is a strange thing and nobody knows what will happen next except for whoever is rigging it but:

Tesla execs have been selling Tesla stock ‘hand over fist’, ‘by the bucketload’ for months
sales are down a lot basically everywhere
with my financial hat on I wouldn’t touch this with a ten foot pole I basically think the brand is too toxic I don’t care how cheap it gets
Tesla is so heavily pumped it’s still way way way overvalued at current prices, like I can’t be bothered to explain how much but it’s a lot
investment firms are slowly lowering their price targets for this stock
Lehman also told their employees to hold stock just before they went bankrupt