this post was submitted on 25 Feb 2025
162 points (98.8% liked)

Economics

714 readers
83 users here now

founded 2 years ago
 

KEY POINTS

  • Tesla shares sank 8% on Tuesday and have now lost most of their gains that followed Donald Trump’s election victory in November.
  • The stock has plunged 25% this year, while the Nasdaq is down just 1.5%.
  • Reuters reported on Monday that the company’s long-awaited upgrade of its partially automated driving system in China left owners unimpressed.
all 15 comments
sorted by: hot top controversial new old
[–] cmac@lemmy.world 61 points 1 month ago (1 children)

Wow, now they're only worth as much as the next 10 largest auto manufacturers combined. Their market cap is completely disconnected from reality. They should not be worth 4 times as much as Toyota.

[–] gibmiser@lemmy.world 11 points 1 month ago (1 children)

Well when they get the contract to manufacture us military personnel carriers the grift will be lucrative

[–] partial_accumen@lemmy.world 9 points 1 month ago (2 children)

I saw that headline, but then I saw this one:

GSA to shut down federal EV chargers nationwide

Isn't it going to be difficult to operate EV armored cars without chargers access to government chargers, as in, at government locations? Are these new armored EVs supposed to charge at a Tesla Supercharger in a Walmart parking lot?

It's almost as if the point isn't to produce anything useful, but to move money from the tax payers to the ruling class.

[–] gibmiser@lemmy.world 2 points 1 month ago

Inefficiency and incompetency is big money. They can fuck it all up now, and half ass fixing it later, for a premium too!

[–] crawancon@lemm.ee 26 points 1 month ago (2 children)

8 fucking percent from this zieg Heil mother fucker is ludicrously low.

[–] peoplebeproblems@midwest.social 5 points 1 month ago (1 children)

It might be to you, but -25% over two months is typically not a great way to make money. It means to get back to where they were, they gotta climb 33% from where they are today.

[–] crawancon@lemm.ee -1 points 1 month ago

damage to his companies hurts a lot of people greatly but him minimally.

[–] sp451 22 points 1 month ago
[–] Pk_thunder@sh.itjust.works 15 points 1 month ago (2 children)

How the fuck does it even have a 1 trillion cap to begin with is beyond me

[–] HK65@sopuli.xyz 15 points 1 month ago

The owner just bought the United States

[–] jaemo@sh.itjust.works 6 points 1 month ago

Bigger fool theory.

[–] P00ptart@lemmy.world 12 points 1 month ago

Oh come on, please do a huge public mental breakdown.

[–] nick@midwest.social 4 points 1 month ago

Self defenestration is the only answer here.