• Corngood@lemmy.ml
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    5 hours ago

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

    • PrettyFlyForAFatGuy@feddit.uk
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      4 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
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      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

  • Tailzse836@lemm.ee
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    18 hours ago

    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
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      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.

      • assembly@lemmy.world
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        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
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        17 hours ago

        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
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          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.

  • radiohead37@lemmynsfw.com
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    20 hours ago

    Global sales of electric vehicles, including fully electric and plug-in hybrid models, increased 21% in January from a year ago, even as Tesla’s sales declined.

    I found this part the most interesting. I was under the impression that EVs in general were on a downturn, but it seems it is only Tesla. Time to remove Elon from Tesla.

    • partial_accumen@lemmy.world
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      19 hours ago

      I was under the impression that EVs in general were on a downturn

      The EV naysayers are likely to blame for that impression. EV growth rate has declined. EV sales are still growing, just at a slower rate that before.

      • krashmo@lemmy.world
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        17 hours ago

        I bought an EV in November and everyone in my red state loves to ask me questions about it. Some start in a condescending place but most are genuinely interested in them.

        • CharlesDarwin@lemmy.world
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          16 hours ago

          What model?

          Some start in a condescending place

          I wonder why that would be a starting position.

          • krashmo@lemmy.world
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            12 hours ago

            It’s a KIA EV9. Was the only one with a functional 3rd row that isn’t $80k+. I enjoy it so far.

            It’s the initial redneck response in my experience. They assume it’s slow, complicated, and unreliable. They usually want to sneak in a “you know you still power that thing with coal” comment as well. Even if they don’t say it you can see it in their eyes. I will usually mention my solar panels and offer to race them in their truck 😎

    • masterofn001@lemmy.ca
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      17 hours ago

      I found this part the most interesting. I was under the impression that EVs in general were on a downturn, but it seems it is only Tesla. Time to remove Elon from Tesla.

    • CmdrShepard42@lemm.ee
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      20 hours ago

      I think they’re on a downturn in the US with interest rates being so high and rebates evaporating away, but globally they’re doing well with all the shenanigans going on in China as well as Europe being more forward thinking.

      • AA5B@lemmy.world
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        17 hours ago

        Incentives evaporating, chargers not getting built, legacy manufacturers backing away from EVs on the promise of cheap gas, revoked efficiency requirements, and no regulation of carbon emissions. US never did get to the point of a healthy EV ecosystem, and now we step back to square one

    • CharlesDarwin@lemmy.world
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      16 hours ago

      It’s pretty weird to watch markets - S&P 500 is down more than 3% this week, while international index like VXUS has gone up nearly 1% this past week.

      Seems like little d and fElon are doing a helluva job. I think this kind of thing is…rather unusual. VXUS did have a bad day today, but still not as bad as S&P.

    • CharlesDarwin@lemmy.world
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      16 hours ago

      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
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        16 hours ago

        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
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          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
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      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
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    20 hours ago

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

  • IninewCrow@lemmy.ca
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    20 hours ago

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