802
Next up: Elon sueing car drivers for not buying his swasticar just like he tried on twitter with advertisers.
this post was submitted on 10 Mar 2025
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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.
How are they going to jail the President of the United States?
Have a warrant for his arrest, make him never come to Canada again and if he renounces his citizenship even better!
Then grab him next time he comes to Canada. Can't be pardoned by the puppet for crimes done in another country.
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
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Suing people for not buying tesla stock and suing those who sell it.
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
We arenโt stopping here๐
More dramatic to say $320 billion in market cap has been destroyed.
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!!
A fair price for the stock is 0.
Nah. It should be negative. There is such a big disgust of mine when seeing Tesla that they should pay me if they want me to buy the stock.
Na, it'll have a bit of value. Once it goes bust other car companies can pick it apart for it's patient portfolio.
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Down 10% today so far. They're working on it. :)
No, rather $320 billion dollars in speculative value has simple been unrealised! ๐
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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Nikola spinning in his grave so hard, EVs can charge up there.
He charges Euro cars only
Down over 50% since the all-time-high in December 2024, post-Trump election.
So thatโs definitely a win!
Still needs to drop ANOTHER 90% to get back down to pre-2020 levels though..๐ค๐ป
I feel bad for the engineers that work there. But I feel great that it's literally destroying musk net worth.
I donโt. 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.
See it like this for a less bleak angle: It's unlikely tesla is going to just close up shop, even if the trend continues. And if it gets really bad, there will likely be a sale of ownership.
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They shouldโve started looking for new roles right after his inauguration speech
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.
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Crash, bitch, crash!
Down with Tesla!!
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.
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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.
Make musk a millionaire again :)
Shorting Tesla stock sounds almost like a foolproof way to make money these daysโฆ
Sure, but entire fortunes were lost shorting Tesla in the past as well. It has been wildly overvalued for ages and it still is ridiculously overvalued, but I personally wouldn't bet on it.
The risk is that a bunch of crazy trump supporters might try to GameStop it. Or that a Saudi prince or Russian oligarch will pump the stock as a way to curry favor with musk.
Bill Gates has been trying to short it for years and it's just kept going up. There's nothing rational about the market.
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It's beautiful.
Taycan purchase continues to be vindicated
Hope this guy ends up piss-poor and very sad.
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