this post was submitted on 22 Mar 2025
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Tesla dealerships are getting protested and, in some cases, vandalized. Sales are down on 9 of the top 10 countries Tesla sells in. Yet Tesla stock is up. Twitter is a cesspool of nazi-themed bots, and somehow just pulled in $1bn and raised its valuation back up to $44bn.

How is any of this possible? It seems really artificial to me, but I don't really understand business.

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[–] Frostbeard@lemmy.world 17 points 5 days ago

When highly profitable companies are valued less than companies like Tesla just confirms that in the stockmarket the rules are made up, and the points don't matter

[–] gedaliyah@lemmy.world 49 points 1 week ago (1 children)

It's the largest pump and dump scheme in history and it's being done in the open.

[–] GaMEChld@lemmy.world 34 points 6 days ago (1 children)

Yeah, they are literally begging maga idiots to buy TSLA to keep the price up while executives are unloading shares. International sales completely gone. Domestic sales declining. Cybertruck flopped. Tariffs are going to cripple their production. Competing EV are making TSLA look like amateurs. Like, what's the upside?

[–] scrubbles@poptalk.scrubbles.tech 12 points 6 days ago (1 children)

After convincing them that EVs were trash no less.

[–] GaMEChld@lemmy.world 2 points 6 days ago (1 children)
[–] scrubbles@poptalk.scrubbles.tech 3 points 6 days ago (1 children)

Nah. I have an ev and love it, but it's not a Tesla.

[–] GaMEChld@lemmy.world 3 points 4 days ago

Haha, I'm just playing, poking fun at the fact that the right loves to shit on EV's.

[–] libra00@lemmy.world 29 points 6 days ago (1 children)

That's what we call the dead-cat bounce. The further and faster a stock price falls, the more people think it will go back up and buy in at the new low price, thus at some point there is a short-lived reversal of the decline before it continues as it was. Although much of Tesla's value recently was from a big jump in November (getting a fancy new oval-shaped office will do that for you), so this is likely as much a correction of that overreaction as it is some protest of or loss of faith in Musk.

[–] IMALlama@lemmy.world 3 points 5 days ago (1 children)

Although much of Tesla's value recently was from a big jump in November (getting a fancy new oval-shaped office will do that for you)

I don't think many people realize just how big a jump this was.

[–] libra00@lemmy.world 2 points 5 days ago

Yeah, the price nearly doubled. But then it all came crumbling down again. I doubt it will go much below where it was before for long, but I could be wrong.

[–] Kolanaki@pawb.social 30 points 6 days ago* (last edited 6 days ago)

Because he is. Tesla has always been overvalued due to him making bullshit announcements that dumbass investors actually believe.

Adam Conover recently made a video explaining this very thing.

[–] endeavor@sopuli.xyz 32 points 6 days ago

It is corruption and market manipulation at the highest possible level because americans elected an russian asset into the office. Shortly after a treaaonous judge claimed president can do whatever they want. And aparrently you are only allowed to stop crime when it's occurring, not treason.

[–] clutchtwopointzero@lemmy.world 15 points 6 days ago (1 children)

He gave his stock on those companies as collateral for bank loans and he needs those stocks to hold value otherwise the banks will call the loans and will reduce Musk's ownership of his companies

[–] Steven@lemmy.studio 2 points 6 days ago (2 children)

That could just as well be the reasons those banks want those companies to have an inflated value.

If those companies lose much value there will be a lot of mess and no one involved is going to get richer of it.

These days a CEO is pretty much someone that markets a company towards the shareholders. Elon is a pretty good marketeer.

[–] Bubbaonthebeach@lemmy.ca 2 points 5 days ago

Was. He was a great marketeer. And then he crashed his brain and is ruining everything he built.

[–] courval@lemmy.world 2 points 6 days ago (2 children)

A good marketeer? Are you fecking serious?

Musk is a threat to the integrity of the USA and is a dumpster of a human being but he knows how to navigate the circles of government, politics, and investors and gets those people to believe in him and let him do whatever he's been doing

[–] Steven@lemmy.studio 2 points 4 days ago

Yes, his track record shows he is. He was able to create a brand for himself that made him the richest man alive.

I don’t think I can think of a better metric.

While it’s true that half of the world thinks he’s a shithat the other half thinks the man thinks this man embodies some kind of good.

I fell for it to, back in 2016 I thought the man was going to do great things for humanity

[–] noxypaws@pawb.social 18 points 6 days ago

Like when Tesla started lying about their cars fully driving themselves?

[–] frog_brawler@lemmy.world 9 points 5 days ago

It’s market manipulation of the highest order. It’s not legal but no one is going to do anything about it.

[–] Wispy2891@lemmy.world 12 points 6 days ago

The value of a private company is a number that can be pulled from their ass, right?

Before: there was an idiot that wanted to pay $54.20 for each of the 800 million publicly traded shares = 44 billion valuation even if the yearly earnings after all expenses (EBITDA) was only 680 million (data public, as required by sec) so the board sued that guy to force him to pay when backed down as that valuation was insanely high and the board would never get such a big golden parachute

Now: we don't need to publish financial data anymore but CEO says that the company is super profitable, valuation is back to 44 billion, trust us 😉

[–] HeyThisIsntTheYMCA@lemmy.world 11 points 6 days ago

The PE ratio for most established carmakers is near 7. Tsla is near 120 last I checked. Some bubbles pop.

[–] BaumGeist@lemmy.ml 8 points 6 days ago

Fascism. Once a p single private interest controls the government, they can effectively do whatever they want in the private sector, making them a sure bet for investors

[–] MITM0@lemmy.world 4 points 6 days ago
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