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No one has ever damaged a brand's reputation so quickly, bankers say about Tesla. Will the automaker collapse? (byznys.hn.cz)

submitted 18 hours ago by EmileDurkheik@lemm.ee to c/EU_Economics@lemm.ee

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[–] FlexibleToast@lemmy.world 18 points 17 hours ago (2 children)

Kanye destroyed Yeezys pretty thoroughly. Becoming a Nazi isn't good for your brand. Who knew?

[–] FreeRangeMustard@lemm.ee 3 points 14 hours ago (1 children)

Yeezys weren’t exactly a 799$ billion business.

[–] FlexibleToast@lemmy.world 5 points 13 hours ago

Neither was Tesla. Tesla had maybe the most over inflated value of any company. The C suite execs knew it and have been shedding stock for years. They also have never paid out dividends, ever. The Elon hype is finally deflating.