• JayleneSlide@lemmy.world
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    6 hours ago

    Fuck Musk and Tesla right in their ears, for years. They were always union-busting, Silicon Valley assholes. This graphic, however, is a bit deceptive relative to the point trying to be made.

    TSLA was at $214 on 2025Oct23, and $138 less than a year ago. Most tech stocks are seriously overvalued and we may be about to see who is wearing clothes as the tide goes out. It’s almost like some investors thought Musk being in the Oval Office was going to be a windfall for Tesla without realizing how leveraged the company and Musk are.

    All that said, hitting TSLA was hard as fucking possible will seriously put Musk in a bind (ref: Tech Will Not Save Us podcast https://music.youtube.com/watch?v=cntbTDRabnY).

  • TrickDacy@lemmy.world
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    14 hours ago

    The entire stock market is getting pummeled. The trump administration is pushing us into a recession.

  • jj122@lemmings.world
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    18 hours ago

    And this was on high volume (2-2.5x normal volume). I wonder how many loans are guaranteed with TSLA stock.