this post was submitted on 11 Mar 2025
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[–] OsrsNeedsF2P@lemmy.ml 21 points 3 months ago (2 children)

It's the President's own company, it will go back up

[–] usernamesAreTricky@lemmy.ml 42 points 3 months ago (1 children)

Keep boycotting, and keep protesting it and it will struggle

Tesla share prices are based on vibes not the actual company performance. Mass boycotts and protests are bad for the vibes

It's also where most of Musk's wealth is, so the more it goes down the less he can leverage it to buy other stuff and keep his other companies afloat

[–] jj122 20 points 3 months ago (3 children)

It's now down 18.5% on the day! I wouldn't be surprised if Elon has used a lot of his shares to guarantee loans that will now come due.

[–] AceStructor@feddit.org 5 points 3 months ago

I'm searching for a source, but I have read that most of his loans, especially a big part of his twitter loan is secured through Tesla. If TSLA falls far enough the banks will order payments and that will make him effectively bankrupt. No matter what his other stocks may be worth.

[–] DragonTypeWyvern@midwest.social 4 points 3 months ago (1 children)

He said he's fucked if Trump doesn't win.

[–] jj122 4 points 3 months ago

Turns out he maybe fucked either way!

[–] SaharaMaleikuhm@feddit.org 6 points 3 months ago

Who is gonna buy those cars then? All the countryside maga-folk? I doubt it.

[–] drathvedro@lemm.ee 8 points 3 months ago (3 children)

Not steep enough. TSLA without Musk is like $60 at most.

[–] derpgon@programming.dev 5 points 3 months ago (1 children)

I'd say TSLA without Musk would be much higher lol. That buffoon is weighing it down so much. The moment he isn't at the helmet the company might have a chance of not being piece of garbage.

But that will never happen, Muskler is too proud and dumb.

[–] drathvedro@lemm.ee 3 points 3 months ago (1 children)

I don't know, I am not a finance guy, but I don't see how a manufacturer whose market share is at most 10% in the US has 3X times more market cap than Toyota which dominates sales almost anywhere in the world.

[–] derpgon@programming.dev 1 points 3 months ago

Because stocks are purely speculative, also Tesla is a US company, while Toyota is Korean.

[–] usernamesAreTricky@lemmy.ml 4 points 3 months ago

Keep protesting and boycotting and it will keep going down

[–] ChaoticNeutralCzech@feddit.org 2 points 3 months ago

So is a Cybertruck

[–] not_IO@lemmy.blahaj.zone 1 points 3 months ago

tesla lone goes down, lsmmy line goes up