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.

  • barneypiccolo@lemm.ee
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    2 hours ago

    Cool. I cant wait for Tesla shareholders to file a class-action lawsuit for recklessly and negligently tanking the share price. Their portfolios have taken a significant hit, and it’s directly attributable to his poor public behavior, as well as partnering up with the loudest anti-EV voice on the planet. They have easily demonstrable damages, and it would be an easy case to win. I’ll bet there are numerous lawyers lining up their cases right now.

    AND, its just a matter of time before the Tesla board fires him as CEO. He can wreck the government and Tesla, or he can run Tesla, but he cant do both.

  • GreyAlien@lemm.ee
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    51 minutes ago

    Mark my word: Elon will regressed intellectually during the next ten years, to the point his brain will be like the one of a child.

    • GoodEye8@lemm.ee
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      44 minutes ago

      You need to be more specific than “a child” considering he mentally already seems to be at the intellectual capacity of a 15-16 year old (except without any of the capacity to learn).

  • futatorius@lemm.ee
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    9 hours ago

    To calm himself from the meltdown, I suggest he ups his dose of ketamine and then pisses blood.

    Alternatively, self-immolation is always an option, and ethically correct in his situation.

  • Wispy2891@lemmy.world
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    15 hours ago

    Wow, the president is really scared, he even had to call trump for a photo op in front of a Tesla

    trump had to stop golfing after the president called him for promoting sales of Tesla

    • Trainguyrom@reddthat.com
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      1 hour ago

      Y’know, if this gets conservatives to actually start being interested in EVs maybe that’s not as bad of a result as it could’ve been

      • urandom@lemmy.world
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        20 minutes ago

        Nazis aside, the cars aren’t shitty, or at least not the two cheaper, popular models. They certainly aren’t best in class, but saying they are shitty really undersells the good engineering that went in them, despite apartheid boy’s best efforts.

  • joecamnet@lemmy.world
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    15 hours ago

    Man. Poor guy. Really gotta feel for the nazi billionaires trying to destroy the world when their feefees get hurt. Chin up, champ!

  • Billybob22@feddit.uk
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    14 hours ago

    Trump just f***ed Tesla. It had some coolness left in the brand but Truml just removed that on the White House lawn.

    • barneypiccolo@lemm.ee
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      1 hour ago

      Teslas have been the official MAGAmobile for a while now. The brand has been tainted for at least the last 6 months. Its just reaching a critical point where the stock is finally starting to crash. It will eventually end up around $20, which is where it belongs.

  • Xanza@lemm.ee
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    17 hours ago

    Tesla’s collapse cost Musk $23 billion in a single day.

    yummy.

  • gamer@lemm.ee
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    23 hours ago

    The amount of raw, undiluted satisfaction that would come from watching Musk’s fortune disappear would probably be enough to tide me over for the rest of the Trump presidency. I could be sent to a concentration camp slaving away somewhere manufacturing MAGA merch, and I’d still have a smile on my face knowing Elon went broke.

  • Wispy2891@lemmy.world
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    15 hours ago

    Today so many good news

    He lost $23 billion from Tesla and $23 billion from tweeting about Carlos Slim

    • D_C@lemm.ee
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      14 hours ago

      Has anyone told him about the pulling of bootstraps? I feel that if he really, realllly pulled then he could make that 46 bill back by the end of the week!

  • drascus@sh.itjust.works
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    20 hours ago

    Oh wow look taking hard political stances is actually bad for business. A fact known for pretty much all of time. I wonder how the self proclaimed genius didn’t see this coming.

  • LucidLyes@lemmy.world
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    10 hours ago

    I received 0 money from any Democratic donor. They don’t have to pay me to enjoy watching your downfall.