this post was submitted on 10 Mar 2025
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[–] Corngood@lemmy.ml 33 points 14 hours ago* (last edited 5 hours ago)

Tesla's valuation never made sense, and now its target market is limited to environmentally conscious Nazis.

[–] Opinionhaver@feddit.uk 17 points 12 hours ago (2 children)

Up 25% from a year ago nevertheless.

[–] PrettyFlyForAFatGuy@feddit.uk 3 points 5 hours ago

My dad was invested in Tesla and i convinced him to sell with this one simple truth

There is very little overlap in the venn diagram of people who would buy teslas and the people who think what musk is doing is good.

he is seriously pissing off his customer base

[–] kameecoding@lemmy.world 4 points 10 hours ago

Yeah, but this time investors might actively start dumping shares, because teslas stock was already ridiculously over inflated and their sales are now starting to decline and the legacy automakers are catching up, while the chinese curb stomped tesla already

[–] DarkSurferZA@lemmy.world 12 points 13 hours ago

Steepest drop in 5 years, so far...

Too lazy to make the meme. But y'all know

[–] buycanadiandeals@lemmy.ca 15 points 14 hours ago

We are just getting started...

[–] Tailzse836@lemm.ee 65 points 18 hours ago (2 children)

Whats crazy is that even after losing more than half its value recently, it still has a PE ratio of around 128. Lol Can’t wait for the earnings to be released in April for the real bloodbath to start. Would be hilarious if it drops so much that FElon get’s margin called 😂

[–] Benjaben@lemmy.world 7 points 13 hours ago

That would be wild lol. Trump has a storied history of turning on people who expend their usefulness to him, and often viciously. Many of the things that prop Musk up now can switch and work against him.

[–] bitchkat@lemmy.world 26 points 18 hours ago (2 children)

They will weasel out somehow.

[–] assembly@lemmy.world 30 points 18 hours ago

We will hear an immediate news bulletin that all post office vehicles will be model Ys or something like that.

[–] AA5B@lemmy.world 17 points 18 hours ago (2 children)

If you default on your mortgage, you’ve got a problem. If you default on Twitter, the bank has a problem

[–] thatKamGuy@sh.itjust.works 10 points 14 hours ago

Aljazeera | How Elon Musk funded his $44bn Twitter takeover

A curious read, seems he spent $27bn in cash on the transaction - so he ‘only’ has loans on ~$17bn, across a swathe of investment groups, wealth funds and banks. Basically, I don’t think a margin call is imminent.

Which is a bit of a shame, as it would be somewhat hilarious to see it fall into the hands of a bank like Chase - being such a toxic asset at this point, to know whether they’d try to salvage/pivot it (ideal, but unlikely) - or just sell it on and write off the loss.

[–] skuzz@discuss.tchncs.de 7 points 14 hours ago

He rigged up the Twitter purchase so the debt would fall on Twitter if it fails, not him.

[–] ArghlBarghlFooFera@feddit.org 112 points 21 hours ago (1 children)

Well, I think it can go lower. Much lower.

[–] jumperalex@lemmy.world 26 points 21 hours ago (2 children)

I don't believe you. PROVE IT!!!

[–] ArghlBarghlFooFera@feddit.org 5 points 19 hours ago

I think we can all prove it together.

[–] kreskin@lemmy.world 24 points 18 hours ago

This is the best news I have heard in the US in like a year.

[–] usernamesAreTricky@lemmy.ml 46 points 20 hours ago (2 children)

Keep boycotting, and join protests outside Tesla showrooms. ~60% of Musk's wealth is in Tesla shares. Tank the stock and tank his wealth and thus influence

There are protests all across the US and starting to spring up in other countries. Here's a list of upcoming ones + a guide to help organize one around you if none exist

https://actionnetwork.org/event_campaigns/teslatakedown

[–] CharlesDarwin@lemmy.world 13 points 17 hours ago (1 children)

The guy is a welfare queen who thinks he's a hero from one of Ayn Rand's horrible sci-fi novels.

It's too bad he'll be able to send more money to his companies because he bought little d.

[–] usernamesAreTricky@lemmy.ml 4 points 16 hours ago* (last edited 16 hours ago) (1 children)

Tesla share price is largely off of vibes, not how the company is actually doing. Boycotts and protests hurt the vibes more than the Trump money slush fund helps the vibes

If it was prices like every other automaker based on profit, it'd be enormously lower in price than it is

[–] CharlesDarwin@lemmy.world 3 points 16 hours ago

vibes

Oh, I don't doubt it for a minute. I've been giving that P/E ratio side-eye for years and years and I have no idea why people were wanting to buy some meme stock at ATHs because they just saw it go up (well, I do know, that's largely how human psychology works, I guess. FOMO and figuring that looking in the rear view mirror is a great way to buy stock).

VW has an EV, P/E ratio in single digits now, though it has apparently spiked in 2016 to triple digits. Ford also has an EV, same thing, P/E ratio of single digits, though they have crept up to double digits in the not too distant past.

P/E ratio of TSLA in March 7, 2025 - 161.23. That's still insane, but if you look back, they had P/E ratio over a 1100!

It gets even worse when you watch videos like the ones thunderf00t has put out there on fElon...

[–] ripcord@lemmy.world 9 points 18 hours ago

Tesla wealth is what he'd been leveraging for a lot of the rest of the companies, too.

[–] Numinous_Ylem@lemmy.world 40 points 20 hours ago (1 children)

Those are rookie numbers... I hope see it drop to its pre-pandemic valuation over the next year 📉

[–] Hideakikarate@sh.itjust.works 32 points 20 hours ago (1 children)

Why stop there? Let's see how low it can go.

[–] some_guy@lemmy.sdf.org 16 points 20 hours ago

Time for a game of limbo.

[–] xc2215x@lemmy.world 18 points 20 hours ago

Boycotts are working. May it continue.

[–] Nfamwap@lemmy.world 20 points 21 hours ago
[–] TheGreyGhost@lemmy.ml 13 points 20 hours ago
[–] ininewcrow@lemmy.ca 12 points 21 hours ago (1 children)

I wonder what crisis they're going to create to distract, dismiss or deny that this is happening

[–] My_IFAKs___gone@lemmy.world 5 points 18 hours ago (2 children)

"Trans immigrants are forcing dogs to transition to match their owners' gender and then they're eating them and it's happening in every blue state and tariffs are the only way to fight it"

[–] CharlesDarwin@lemmy.world 2 points 16 hours ago

Many people are saying. Just like turning mice transgender. It's just incredible.

[–] krashmo@lemmy.world 2 points 17 hours ago (1 children)

THEY'RE DE-PEEPEE'ING THE PETS!!!

[–] Aceticon@lemmy.dbzer0.com 1 points 5 hours ago

THeY'rE USinG TRaNs COcKs iN ChICkEn FIgHtS!!!

[–] some_guy@lemmy.sdf.org 4 points 20 hours ago (1 children)

Someone bring hotdogs and marshmallows for this dumpster fire.

[–] catloaf@lemm.ee 1 points 18 hours ago

I too love industrial carcinogens in my food

[–] CharlesDarwin@lemmy.world 1 points 17 hours ago