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what…a…shame…
Pour one out for people’s retirement savings
Tesla has always been more hype that substance. Use Toyota as an example. Toyota has significantly higher income, profits, assets, equity, cars sold etc (it’s not even close) but even right now Tesla has a market cap that is over 5 times higher.
Vibe market in action. Investors were banking on musk raiding the treasury.
That’s reminds me: I need to empty the septic tank
Hmmmm… $420B stock losses …$445M on rigging elections…Cybertruck cancelled…has anyone checked if Elmo is okay? should we start a crowdfund?
I’d crowd fund a guillotine
420 blaze it. Blaze it all down.
Man, I kind of hate the stock market. Apparently, everyone just assumes that the guy was doing illegal things, and only because there’s now a chance that someone might actually check, that’s why we stop giving him money to fund that.
Criminal = invest
Criminal + law enforcement = pull outTbh I see it more as a strategic play. The AI bubble was gonna burst and everybody who was paying attention could tell. So AI folks made a calculated gamble to prop the bubble up until midterms. Now they allow it to crash, blame Democrats, get the GOP back into power, and it’s back to deregulation and allowing AI to get away with whatever crimes they want.
There should be a rule that shareholders get fined as well whenever a company they invested in gets fined for breaking the law. Then maybe investors will be a bit more responsible in deciding who to invest in.
Own 0.0001% of the company shares? Pay 0.0001% of that 250 million dollar fine.
I mean, they already do that in a way, because their stocks lose value when the company loses money. That’s why everyone and their hamster is selling off these stocks now.
But sure, making the investors pay another time or just generally increasing fines could help.
Unfortunately, companies then lobby for Nazis to take over government to undo these increased fines + abolish law enforcement for themselves, so that’s not terribly ideal either…
It’s got a long way to go still before it reflects reality.
Tsla has a PE of 380 with YoY degrowth over multiple years and no prospects of growth.
another 150K in Europe. In the same period BYD sold about 3 million EVs. Last MONTH (October) BYD sold 500K EVs.
It’s got a long way to go
Don’t you mean it’s got a long way to fall?
Surely an epic memelord like Musk would be all over it being 420.
So this is what they mean by ‘you will get tired of winning’.
Very niiiiice!
So far…
Oh no!
Anyway.
