this post was submitted on 04 Jul 2025
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[–] Ilixtze@lemmy.ml 64 points 2 weeks ago (5 children)

One would expect the stock to be around 5 dollars after this, but the US economy is such a scam.

[–] buddascrayon@lemmy.world 26 points 2 weeks ago

No, it's his cultish stockholders. They believe that now he's out of Washington DC he will reinvigorate the brand with his "genius". They honestly believe he's fucking IRL Tony Stark instead of the snake oil salesman he's always been.

[–] kn0wmad1c@programming.dev 9 points 2 weeks ago* (last edited 2 weeks ago)

You're not wrong, but the stock market isn't the economy.

[–] SuspiciousCatThing@pawb.social 6 points 2 weeks ago

I'm sure our government will make sure he doesn't lose tooo much money.

[–] RejZoR@lemmy.ml 5 points 2 weeks ago

The fact that Tesla is valutated at such absurd numbers all based on bs speculations on their FSD and robotaxies, none of which even works well and isn't years late.

[–] hanrahan@slrpnk.net 5 points 2 weeks ago (1 children)

Plenty of time yet, Virgin Galatic was as high as $1200 from memory, now at 25c.

Thay said, they still sell a shit load of cars.

[–] Laser@feddit.org 2 points 2 weeks ago

Thay said, they still sell a shit load of cars.

It's only a meaningful metric if there are margins in these sales, which I'm not totally doubting, but the number alone doesn't tell everything

[–] ExtremeDullard@lemmy.sdf.org 42 points 2 weeks ago (1 children)

The Cybertruck's design and styling is a reflexion of the person who willed it into existence: it's tone-deaf and disconnected with the reality of what people want. That's what you get from someone who has zero empathy and thinks he understands other people but actually doesn't.

[–] Zier@fedia.io 5 points 2 weeks ago

Exactly. He's a child who paid for a toy. Not an educated, talented adult who's vision for innovation & progress was made a reality.

[–] Devadander@lemmy.world 33 points 2 weeks ago (1 children)

Let’s not act surprised that a company headed by a fucking Nazi is unpopular these days

[–] lerba@sopuli.xyz 19 points 2 weeks ago (2 children)

Lot of other companies run by similar, but less-known nazzies are doing just fine...

[–] ExtremeDullard@lemmy.sdf.org 8 points 2 weeks ago

You'll be glad to hear that this famous Nazi's company is not.

[–] Devadander@lemmy.world 6 points 2 weeks ago

No one else threw two Nazi salutes at the inauguration

[–] plz1@lemmy.world 19 points 2 weeks ago (1 children)

It's kind of akin to the DMC DeLorean, in more than just the chunky aesthetic aspects. That vehicle was a really bad one, too, with regard to build quality and reliability. The Back to the Future movies are probably the only reason there is any cultural relevance to them, after the 80's ended.

[–] Substance_P@lemmy.world 17 points 2 weeks ago
[–] oftheair@lemmy.blahaj.zone 14 points 2 weeks ago (1 children)

Hope it genuinely does collapse and he learns something.

[–] AlexLost@lemmy.world 22 points 2 weeks ago (1 children)

Hate to break it to you, but people like him think we are just plain wrong and that they got railroaded, not that they made any mistakes

[–] oftheair@lemmy.blahaj.zone 10 points 2 weeks ago

Yeah we are aware ☹️, but we can still hope.

[–] glitching@lemmy.ml 9 points 2 weeks ago (2 children)

yeah, this is a "cope" article from dudes I've never heard of before. nothing is collapsing, the shit is still worth insane multiples of P/E, they still sell HUNDREDS OF THOUSANDS of model 3s (close to 400K per annum) and this joke of a "journalist" conflates the unpopularity of the (higly impractical and niche) cybertruck with "teslas".

[–] herseycokguzelolacak@lemmy.ml 5 points 2 weeks ago (1 children)

Tesla sales in 2024 were lower than 2023. And 2025 sales so far are lower than 2024.

[–] glitching@lemmy.ml 3 points 2 weeks ago (1 children)

I would like nothing more (well, there's a few things I'd like more, but for the purposes of this we'll let it stand) than for this fucker to get hurt and for this shit business to implode.

but nothing close to that is happening. sales that are lower than before indicate that there are still sales, nazi sled image notwithstanding. the P/E multiple is still through the roof. there aren't liquidity issues apparent.

this might be an indication that things might be moving the right way, but at present, nothing is "collapsing".

and even if alla that somehow materializes, this doesn't even touch the fucker in the slightest, it is inconceivable how much he's got.

so, this is a cope article.

[–] merc@sh.itjust.works 1 points 2 weeks ago

A P/E ratio that's high indicates that investors think something is a growth stock. A typical mature but growing tech company has a P/E ratio of 20ish. Tesla's P/E ratio is currently 182.

Now, there's a saying "the markets can remain irrational longer than you can remain solvent", but TSLA is poised for a huge collapse. It was already way overvalued even a year ago when Musk was just this right-wing asshole who bought Twitter and ruined it. Everything since then has destroyed his image and made it so nobody wants to buy his cars. He's pissed off Democrats, and now he's pissed off MAGA Republicans. And, most importantly, Tesla is clearly no longer a growth stock. Sales are declining year after year.

If Tesla were a normal, boring car company that was competently run by someone nobody hated, it might have a P/E ratio similar to Toyota: 7. To get there from here, TSLA would have to shed 96% of its value. Keep in mind, that's not what the price should be. That's what the price should be if nobody hated the brand and it was a normal well-run car company.

Somebody is going to make absolute bags of money shorting TSLA. If I were rich I'd do it. But, as I'm not rich, the downside of the market remaining irrational is too big a risk. But, IMO, it's just a matter of time.

[–] hanrahan@slrpnk.net 2 points 2 weeks ago (1 children)

Fair point, the other issue though is the many billions in US subsidies that made Tesla profitable have just been taken away with the OBBBA

[–] accideath@feddit.org 1 points 2 weeks ago

And, here in Europe at least, the popularity of Teslas has sunken dramatically over the last two years (about 40%), even though the demand for electric cars in general is rising.

[–] Showroom7561@lemmy.ca 4 points 2 weeks ago

These articles are all full of shit. Unless Tesla's stock drops to zero, they're doing just fine. In fact, their stock has been going up since all this bullshit started happening. It's unbelievable.

[–] jaschen306@sh.itjust.works -2 points 2 weeks ago (1 children)

It's such a shame. The Model Y looks pretty nice.

[–] skozzii@lemmy.ca 4 points 2 weeks ago

Model Y looks nice in a pictures but the back of it looks stupid in person.