this post was submitted on 11 Mar 2025
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[–] stebo02@lemmy.dbzer0.com 41 points 1 week ago (2 children)

Stop posting the 1 day and 1 month charts, they mean nothing. As long as the 1 year one doesn't turn red it's not enough.

[–] vfsh@lemmy.blahaj.zone 44 points 1 week ago

We're not far off actually! Only $50 to go:

[–] SaharaMaleikuhm@feddit.org 14 points 1 week ago

It's never gonna be enough, but seeing it go down day by day by day still makes me happy. At least a little bit.

[–] OsrsNeedsF2P@lemmy.ml 21 points 1 week ago (2 children)

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

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

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

[–] jj122 4 points 1 week ago

Turns out he maybe fucked either way!

[–] SaharaMaleikuhm@feddit.org 6 points 1 week ago

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

[–] drathvedro@lemm.ee 8 points 1 week ago (3 children)

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

[–] derpgon@programming.dev 5 points 1 week 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 1 week 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 1 week ago

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

[–] usernamesAreTricky@lemmy.ml 4 points 1 week ago

Keep protesting and boycotting and it will keep going down

So is a Cybertruck

[–] not_IO@lemmy.blahaj.zone 2 points 1 week ago

tesla lone goes down, lsmmy line goes up