politics
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Just a quick summary:
How anyone can still hold on to Tesla stock is beyond me.
Life experience.
We have seen the crowd turn against someone, hating someone, many times. It always blows over. Thats why we dont talk about what happened a year ago anymore.
Buying the stock now will pay off very much in a year from now, unless Tesla goes bankrupt, which I doubt. Musk has powerful friends.
I fact, I think it hit bottom a few days ago, at 232 dollars. It has recovered to 250 in the last few days.
@remindme@mstdn.social 1 year
@arken Ok, I will remind you on Monday Mar 23, 2026 at 1:41 PM UTC.
Ok message me then, its a good chance Tesla is up 50% from its current value. If not, we can have good laugh about it.
I'm primarily going to hold you to this statement:
The bad will generated in the past few months won't blow over for Musk. This also means that, for example, if Tesla gets rid of Musk in the year to come, then their value in a year doesn't really mean much to this argument. :) See you in March 2026.
Im excited already to see where we will be. Hopefully not in the middle of a world war, then none of this matters...
See you then!
While he is actively dismantling the government we all rely on it will not just "blow over". Also, Tesla as a company is on a downward track no matter what. What happens to a car company when no one buys their cars anymore?
It goes down in value on the stock market for a while. Revenue reports will show less profits.
But all this is temporary.
What exactly do you think gives value to a company's stock?
You do realise he is using his stock as collateral for tax free loans. You are funding his nazism by buying his stock. you are helping him avoid paying taxes.
So... How much GameStop stock are you still holding? 🤭
Haha :) I actually missed that train completely. I remember doing minor day trading but not being successful in that one.
Even if it does recover like you say, you’re cool with gifting money to an actual nazi who’s dismantling the US government?
I guess this is a good argument. I think elon is a child with mental issues. And obviously he is part of destroying what America stands for in the world.
I dont own Tesla stock at the moment, but when it starts going up, tons of people will jump on that train just to make money. Maybe you too.
So: "I don't have a moral compass when it comes to financial invesments and assume you don't either."?
Yeah I dont pick investments based on their morality. I believe thats a losing strategy.
Yeah, I mean, what's the worst that could happen? looks around
Tesla has been losing ground for a while. They were one of the first mass produced EVs with charging infrastructure, but now what makes them special? They have positioned themselves as a software/ai company but it was just a way to boost stock price. They don't have full self driving (fsd) that's been promised as next year for the past 10 years. On top of it they only rely on cameras for fsd and no lidar systems so I don't think they'll ever get full clearance outside the US.
So even if they ditch Elon I'm not sure if the sentiment can be brought back. Sure they may not go bankrupt but the stock should fall in line with other auto manufacturing companies.
Nothing makes them special today, but things can quickly change. Lemmy has such a young audience so many here dont seem to get that, but lets see where it is in a year.
I wish Lemmy would have the "remind me in a year" function....
There have been multiple companies who have gone through public image issues that have survived, but never regained their original status in the market.
The thing that it has been with Tesla is the company value never made sense and it was driven by hype for Elon and his "genius vision". With that facade going away the stock should continue to adjust to closer to other comparable car companies. Even recently they had a trailing P/E ratio of 121. That's crazy with only so few things in their product pipeline that we know about.
So the question now is how does the new public perception impact any new products they launch in the near term and how do they recover the confidence of the consumers? Not saying that it can't be done.
Lemmy actually skews older, and also there is a remindme bot on Mastodon that works on Lemmy.
If you have a moment I would love to talk to you about a rich investment opportunity best know as artisanal gourds. Not since Blockbuster has the soil been so rich and the climate been so perfect for artisanal gourds. If you act now I have a bridge that is heavily discounted we can discuss.
I'm sorry but we only want fantastical legumes. Take your gourds elsewhere.
And we all know that bridge has a Muskelon troll living under it.
Ill pass on this fantastic one time offer. :)
I never would have thought that Jim Cramer was a Lemmy user.
Congrats, you hit the trifecta!