this post was submitted on 11 Mar 2025
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politics

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Summary

Elon Musk lashed out online Monday as Tesla stock plunged over 15%, wiping out its post-election rally and shedding 50% of its value since December.

Investors worried about market declines, recession fears, and Tesla's growing controversy after Musk's far-right rhetoric and mass government layoffs.

Musk falsely claimed Democratic donors funded anti-Tesla protests and linked critics to Jeffrey Epstein. He amplified conspiracy theories blaming arson attacks on Democrats.

Despite his efforts, Tesla's collapse cost Musk $23 billion in a single day.

(page 3) 50 comments
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[–] tigeruppercut@lemmy.zip 94 points 1 day ago

"My actions are directly linked to tanking my company, so I've decided to double down on being a nazi."

Prime example of how the rich are in their positions because of sheer genius and literally nothing else.

[–] europeanfan122@lemm.ee 14 points 22 hours ago (8 children)

Somehow I’m not feeling bad

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[–] BlurryBits@lemmy.blahaj.zone 78 points 1 day ago (3 children)

I'll give credit where it's due. The memes, the 'swasticar' stuff - it worked. The negative bias isnt just some lefties, it's the drivers themselves feeling it. That stigma is not about to go away, so as long as Musk's name is attached, the only buyers will be ideological ones.

And, I don't think the chuds are enough to float

Oh well Elon, YOLO

[–] EldritchFeminity@lemmy.blahaj.zone 22 points 1 day ago (2 children)

This is one of the things that pissed me off during the election campaign. Calling Trump "weird" worked as well, for all of a couple of weeks, and then the party muzzled Walz and never let anyone say it again.

They had an effective ad campaign that hit their opponents right where it hurt - their fragile ego - and they just...gave up.

[–] krashmo@lemmy.world 20 points 1 day ago* (last edited 1 day ago)

They had an effective ad campaign that hit their opponents right where it hurt - their fragile ego - and they just...gave up.

That's a great overall summary of the DNC right there.

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[–] Flummoxx@lemm.ee 22 points 1 day ago (2 children)

Wow, maybe Elon is the only person capable of getting Republicans out of internal combustible engines and into electric cars. Welcome to Bizzaro World.

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[–] Red_040@lemm.ee 4 points 17 hours ago

Really feels like I got a front row seat to this massive dumpster fire of an administration.

[–] melpomenesclevage@lemmy.dbzer0.com 11 points 21 hours ago (1 children)

wait; musk got child sex slaves from epstein? I was not aware of this, but he just admitted to it holy fuck is there anything evil this shit bag didn't have a finger in?

[–] Lucky_777@lemmy.world 7 points 19 hours ago (6 children)

Where did you see he got sex slaves from Epstein?

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[–] Theprogressivist@lemmy.world 59 points 1 day ago (1 children)

linked critics to Jeffrey Epstein.

Projection to the highest degree.

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[–] bstix@feddit.dk 30 points 1 day ago

Easy come, easy go. I think it was pretty obvious from the start that the richest man on Earth was balancing on a bloated balloon.

He's still filthy rich from the payouts he took along the way, but I guess he will soon feel the interests of the Twitter loans piercing into his actual assets.

[–] Majorllama@lemmy.world 8 points 22 hours ago

Good. Fuck him and fuck that overvalued shitty car company.

[–] mrbutterscotch@feddit.org 39 points 1 day ago

I hope it falls even more, what a loser

[–] jumperalex@lemmy.world 28 points 1 day ago* (last edited 1 day ago) (1 children)

In an IDEAL world, Musk will be removed as CEO for both failure to perform (he's literally not doing his job given that he's doing all his DOGshitE) and the harm he's bringing to the brand. No other CEO would be allowed to get away with this.

Then, in a JUST world the stock will stabilize, start to grow again, and everyone will get back on the EV train with Tesla included. While the Muskrat watches from the sidelines like the loser he is.

CAVEAT: only if he also doesn't still own any more of the stock than he could get owning VTSAX like the rest of us.

[–] dmention7@lemm.ee 33 points 1 day ago (3 children)

Maybe its a bit of a spicy take... but honestly, I'd be okay with this being a death spiral for tesla. They played their role in getting EVs into the mainstream, now let their figurative head rot on a pike as a warning that letting a shithead nazi helm your company is an existential mistake, and not just a bump in the road.

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[–] tenchiken@lemmy.dbzer0.com 12 points 1 day ago

What are the odds he had someone torch a few cars just so he could try involving militia, etc?

The old "look look antifa!"

[–] krebssteven@lemmy.world 26 points 1 day ago (1 children)

This is the true face of Musk, who is stuck perpetually in the mindset of a melodramatic 15 y/o.

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The invisible bitch slap of the market strikes again! 🧐

[–] GaMEChld@lemmy.world 15 points 1 day ago

I mean they have shit QC, and their competition is fierce. The Cybertruck failed entirely as a product. That stock was overvalued for a long time. It was only high based on Musk. So it only stands to reason that it would fall based on him as well.

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