r/technology • u/MarvelsGrantMan136 • 5h ago
Business Tesla Plummets into 8th Consecutive Week of Losses as JPMorgan Warns of 60% Downside
https://markets.financialcontent.com/stocks/article/marketminute-2026-4-10-tesla-plummets-into-8th-consecutive-week-of-losses-as-jpmorgan-warns-of-60-downside519
u/sfhester 4h ago
Just in time for a SpaceX merger and IPO
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u/nnomae 2h ago
Yeah, much as I'd love to think that Tesla is finally starting to be valued as the rather mediocre, underperforming company it is I suspect it's mostly the Musk fanboys cashing out so they can buy into SpaceX. Of course that's funny in it's own way, if all Musk gains on the SpaceX IPO is the money he loses on Tesla collapsing to fund it he will be right back where he started.
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u/inspectoroverthemine 1h ago
Hes already shuffled a shit ton of debt into SpaceX ahead of the IPO. SpaceX will be the new meme stock to replace TSLA.
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u/Prior_Coyote_4376 2h ago edited 1h ago
Nationalize SpaceX. Lock Up Elon and Thiel.
And fuck it, while we’re at it, Break Up JP Morgan too.
All these oligarchs are pieces of shit who should be rotting in prison praying cockroaches infest their cell so they have more to eat
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u/Figgy_Puddin_Taine 12m ago
And while we’re at it, nationalize the damn railroads. If the government can stop them from striking because the trains running is of vital importance to the country, then the trains shouldn’t be in the hands of private business.
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u/frequenZphaZe 1h ago edited 1h ago
Nationalize SpaceX.
I'm usually on the "fuck the private sector and nationalize everything" train as well as the "fuck elon and seize all his wealth" train, but I've had a pretty hard time signing onto this message for the space industry. ULA is effectively nationalized, with over 90% of ULA’s contracts coming from the government. their product is close to a decade late on delivery, offensively expensive, and still basically 90s technology in a lot of ways.
then you look at spacex, which single-handedly changed the space game with falcon, booster capture, and rapid launch cadence. starship is going to be another game changer. why? because the people at the top don't have elections to worry about or business constituencies to cater to. they're willing to blow stuff up and lose money because they don't have congress arguing over their budget
our government is not motivated to invest in space nor are they good at it. NASA is constantly under threat of cuts, regardless of which party is in charge, and they're forced to reshuffle their priorities after every election cycle. the last thing I'd want right now is for them to take control of one of the few engines of innovation the space industry has ever seen and turn it into a policy football
signing this with an extra "fuck elon" just because I know reddit isn't good with nuance and will think this post is elon glaze when it isn't
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u/Prior_Coyote_4376 1h ago edited 51m ago
The Biden administration has said they literally don’t know how they could manage to disentangle themselves from SpaceX or any of their contracts with Elon.
It’s unfortunate but we cannot have critical pieces of public infrastructure in the hands of unstable personalities and foreign oligarchs like Elon and Thiel.
That’s the problem with having the private sector working so close with the government until they’re the same beast. It’s not like we can switch to a competitor, we’re captured.
Lesser evils.
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u/_BenzeneRing_ 1h ago
ULA is effectively nationalized
I don't think you know what nationalizing is. ULA is a 50/50 joint venture between Boeing and Lockheed Martin, the government/tax payer sees 0% of the profits, and has zero say in how those profits are reinvested.
There are plenty of businesses that would make 100% of their earnings through government contracts. That doesn't make them nationalized.
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u/shadovvvvalker 1h ago
The real issue is lobbying power. ULA lacks it compared to Muskrats con companies. He manages to get massive government contracts, and significant exceptions to regulations for his companies, time and time again.
The american government has funneled plenty of money into space. They just dont like it when the money goes to public organizations.
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u/neliz 1h ago
spacex is currently almost 10 years behind schedule for getting starship into orbit, starlink doesn't bring in enough revenue as an ISP. And the rest of spaceX, falcon9, does far less than 5 billion in revenue each year (~160 F9 launches at 30 million profit per launch, which is a huge overvaluing on my part of the profit, since it will be closer to 5-10 million.)
There is not a single reason why the spacex IPO shouldn't immediately bankrupt some people.
Here's waiting on the financial reports (which I hope are less cooked than tesla's)
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u/jpiro 5h ago
Donald Glover "Good" GIF
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u/musical_shares 4h ago
Safe to say that JP Morgan has repositioned themselves to benefit and is now trumpeting the bad news.
This company has been catshit wrapped in dogshit wrapped in institutional money for too long.
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u/DFWPunk 2h ago
Read Jamie Dimon's letter to shareholders in their annual report some time. He doesn't even attempt to hide his biases, and clearly thinks he knows more than everyone else.
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u/the_Q_spice 1h ago
I’d also check out r/justrolledintotheshop for their post about Tesla’s batteries…
Tesla has apparently shifted to some really bad contacts.
It’s bad when they start shaving costs on safety-critical components like the battery itself.
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u/likwitsnake 4h ago
The stock is down 5% over the last week how is that 'plummeting'? It's up 33% YoY.
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u/Reds_PR 3h ago
It’s down 20% since the first of the year. How is that NOT plummeting?
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u/superwalrus80 4h ago
5% in a week is no big deal? I'm not a stock expert. Seems bad.
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u/Cobs85 2h ago
The thing with Tesla more so than the other big 7 tech stocks holding up the US stock market is that it is ALL hype. There is nothing concrete holding up that stock price in terms of assets or revenue. Mix that with a bad market perception, major competitors (BYD) ready to move in, the loss of various government funding they have relied on so far and you have a recipe for disaster.
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u/PrimeIntellect 3h ago
things go up and down 5% in a week literally constantly, it matters way more what is happening over a longer period of time
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u/likwitsnake 4h ago
5% in a week is not what would constitute 'plummeting'
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u/superwalrus80 4h ago edited 3h ago
How much would a stock have to lose in a week to be considered plummeting? Or is it over a longer frame of time?
Edit: why am I getting downvoted for this question lol
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u/likwitsnake 3h ago
A stock market ‘correction’ is generally accepted at 10% so I’d consider plummets at least there or higher
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u/No-Philosopher3703 3h ago edited 3h ago
No it’s not. It’s down 20% since the start of the year! It went from $438 to $348. That is plummeting. Where did you get your information from? An LLM?
Edit: They said Year over Year, which it is up. However, the article is talking about the last 8 weeks so I misread YOY as YTD which is similar timeframe as Chase was talking about. The downward slide started in January
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u/OneBigBug 3h ago
It is both true that it is down 20% Year-to-Date, and up 38% Year-over-Year.
One is comparing to 4 months ago, the other 12 months ago.
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u/Hungry-Bug-6104 2h ago
Horrible analysis lol. You are looking at YoY at the low point after LIBERATION DAYYYYY stock drops?
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u/DogblackMichigan 2h ago
Do this: Change in one day. Change in 5 days. Change in one month. Change year to date.
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u/Bart_Yellowbeard 4h ago
lol, 60% is still waaayyy overvalued.
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u/Cranyx 2h ago
A 60% plunge would take TSLA down to 140, which is still a P/E ratio of about 10x the auto manufacturer average. They're somehow still priced like they're about to take off in a couple years despite declining sales. I'm sure Optimus the broken robot will save them.
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u/LockNo2943 1h ago
Isn't most of their growth coming from batteries, like the ones they use to cold start power plants or as backup generators for hospitals?
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u/Zed_or_AFK 1h ago
He cut out two out of five car models because the more expensive ones don’t sell in the same amounts as the cheaper ones. Making higher margin on less work per car is not appealing cause now he has to sell high number of cars to work towards that sweet trillion dollar bonus.
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u/Mountain_rage 4h ago
Was gonna say only 60
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u/b0w3n 3h ago
I dunno I think we can get it down further, maybe $10 a share.
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u/neliz 1h ago
I'm not a tesla fan but I'll give it a very, very generous $25 stock value. realistically with how little business they have compared to real car companies it should indeed be somewhere between $10-15.
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u/Blbe-Check-42069 1h ago
Absolutely ridiculously so. Like VW concern sold 6x as many cars as Tesla last year. Their market cap is like 5% of tesla.
Like seriously, if tesla drops by 98% more, it's finally gonna at least start making some sense. Which is absolutely ridiculous to even say...
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u/Bart_Yellowbeard 1h ago
The implosion of the meme economy will be very uncomfortable for some people.
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u/Blbe-Check-42069 1h ago edited 1h ago
Oh absolutely. I even looked up some more numbers - tesla will take 11.5 years in revenue to make up it's market cap. VW? 55 days. It's just absolutely bonkers lol. As you say, straight up meme market. And I can't even begin to understand how it rose so high. This makes even the gamestop thing seem small and reasonable market in comparison...
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u/EffectiveDandy 4h ago
maybe if you turn that 6 upside down 🙂
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u/Mr-MuffinMan 4h ago
Would still have the same market cap as Toyota. Still too high.
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u/rW0HgFyxoJhYka 1h ago
Yep. Toyota is worth a lot more and yet here we are.
A bunch of dumbasses who buy Cybertrucks and Teslas.
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u/WigglestonTheFourth 47m ago
A bunch of dumbasses who buy Cybertrucks and Teslas.
Ever wonder why all the PayPal Mafia members are operating companies with overvalued stock prices? What are the odds of that happening?
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u/Mmmwafflerunoff 4h ago
If we were actually a functioning Capitalist society in the United States the CEO of a company in free fall with 10’s of thousands of unsold products would be unceremoniously let go and pay packages revoked for breach of contract. Yet here we are using taxpayer funds to send this fucking loser towards becoming the worlds first trillionaire.
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u/Lessiarty 2h ago
If the US were actually a functioning society at all, he'd be having a nice long timeout for being an overt Nazi. If people were being kind about it, at least.
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u/Correct-won-6156 56m ago
This is capitalism. You can't escape capitalism fucking everything else up when the very few end up with all the money. End result of capitalism.
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u/MorningPapers 3h ago
Analyst Ryan Brinkman, a long-time skeptic of Tesla’s premium valuation, reiterated his "Underweight" rating and maintained a price target of just $145—implying a staggering 60% downside from current levels. Brinkman’s report highlighted a "fundamental disconnect" between Tesla’s automotive performance and its stock price, which he argues is still being propped up by "robotaxi vaporware" and speculative AI projects like the Optimus humanoid robot.
Could not have said this any better.
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u/adeadbeathorse 2h ago
I think a lot of investors imagined Tesla advancing in a vacuum: “Tesla’s doing autonomous cars. They’re the inevitable future; so if I invest in Tesla, I am investing in an inevitable rise,” or “Tesla’s doing robots. They’re inevitable; so I'm investing in an inevitable rise.”
But they failed to consider that other companies would be competing on the the same things but doing so cheaper, better, more openly (or in more of an integrated ecosystem), less tied to fascism, etc.
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u/Emergency-Piece9995 1h ago edited 1h ago
doing so cheaper, better, more openly (or in more of an integrated ecosystem), less tied to fascism, etc.
The other "humanoid robot" companies are just as vaporware and marketing as Tesla's. They just don't have the spotlight on them. Pretty much all the marketing videos are either tele-operated, pre-programmed, or otherwise not actual consistent performance (except for the industrial robots and the "lights off factory" bots because those are incredibly real and actually being used in factories in actually advanced countries; promise I am not a China shill lol)
- If we see a consumer at-home robot, they aren't going to be humanoid (at first), they aren't going to be generalist (at first), and they aren't going to be cheap (at first).
- I love the idea of owning a generalist humanoid robot to do chores for me but honestly... a lot of problems could just be solved with better appliances. The solution to automation oftentimes is to just remove the human from the equation for a streamlined contained automation rather than having a humanoid robot serve as the human.
- This is also why "war robots" will look like this rather than this. Having a bipedal robot is completely stupid and wasteful for basically 100% of applications besides "making humans comfortable / safe interacting with them"
Waymos still cost an absurd amount relatively to a consumer Tesla ($150k vs $40k) and aren't sold as L4 solutions to consumers nor L4 themselves
- But then again Teslas aren't legally sold as L4 or even full L3 either.
Waymos are, to my understanding, considerably jerkier (than Tesla's current L2++ / soft L3 solution) and still do incredibly dangerous things; they haven't won at all especially considering they still don't have a mass production solution yet, they are still targeting incredibly low production numbers relative to Tesla or BYD per year.
- In other words, Tesla is racing regulations. Waymo is racing production. BYD isn't allowed into the race. Everyone is basically vaporware or all tied together into one "solution" that basically no legacy automaker will execute on.
Nvidia is selling shovels in a gold rush to lock in legacy automakers who have constantly partnered with charlatans who sell the moon then either can't deliver or legacy automakers decide to not invest in it because they are waves hands very stupid idiots
- Exception is largely non-US manufacturers who actually invest in their own tech such as Toyota who, to my knowledge, made their own solution and their videos are pretty promising.
BYD is not allowed / won't sell into the US
- This is pretty much the only reasonable consumer level autonomous EV that is actually sold today and not promised coincidentally 3 quarters from now when everyone's pay package vests and they can leave
The fascism thing... yeahhhhhh.
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u/Un-Quote 4h ago
Real investors dumped their Tesla stock 2 years ago
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u/traybourne 3h ago
I've never invested in Tesla but it's still up over 100% from 2 years ago lol
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u/NarejED 3h ago
Stock is up 1% today. The company defies any semblance of reality
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u/Phimb 16m ago
Because the article isn't really onto anything.
Everything is fucking down, there was a gigantic correction in tech a month or so ago. Then the war has continued to fuck the market and TSLA also recently reported bad earnings.
If anything, TSLA is a buy right now going into the hype for SpaceX.
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u/raincoater 38m ago
Obviously, the shareholders and the Tesla Board need to give Elon another Trillion dollars for....reasons....
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u/DanielPhermous 28m ago
He was never given a trillion dollars. He was promised a trillion dollars if he could reach certain, highly unlikely targets.
Even less likely now.
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u/Reasonable_Bath9878 4h ago
I really hope Tesla plummets 60% + because there are companies making far better cars/ robots/ batteries in China for way cheaper... once those cars get a global foothold Tesla stock will get crushed so bad
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u/AssCrackBandit10 4h ago
Not even just China. Even other legacy brands have very nice EV offerings these days. I just bought a BMW iX and it’s waaaay nicer and more luxurious than my old Model X. And I can still use the Tesla Supercharger network
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u/DaInevitable_Payment 3h ago edited 3h ago
The US placed a 100% tariff on Chinese EVs. 🤷♀️
After a Subsidy investigation by the EU, so did Europe.
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u/godzillabobber 4h ago
Maybe a two trillion compensation plan to the boy genius will fix it. I'm totes onboard with fElon.
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u/maverickoff 3h ago
And to think all Elon had to do was sit in a corner, shut up about politics/not get involved and he would be beloved, seem as real life Tony Stark, instead everybody realized what a piece of shit he is and what a fragile ego he has.
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u/roma258 4h ago
Yet still somehow incredibly overpriced.
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u/jandrese 3h ago
Tesla stock would have to drop about 95% before it fell in line with the P/E of its competitors in the automotive industry.
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u/johnnycyberpunk 2h ago
And that’s WITH an astroturfed American market that prevents actual EV competition from China.
Imagine if their monopoly had been challenged years ago.
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u/kwyjibo1 2h ago
Oh nooo. But anyway hope everyone has a good weekend. Except Elon, he can fuck right off.
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u/redditrasberry 2h ago
Looking ahead, Tesla’s future now rests almost entirely on its upcoming "Tesla Network" milestone scheduled for August 2026. The company is betting that a transition from a car manufacturer to an AI-driven "Robotics Utility" will justify its current valuation
It's a pretty simple equation. Do you believe someone who has lied repeatedly and persistently without remorse over a period of decades? If so, go ahead, buy the stock.
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u/AbstractLogic 4h ago
Tesla hasn’t plummeted more than the S&P. It wouldn’t matter anyway because he’s going to use space-x IPO too buy Tesla and twitter. Put it all under one roof called X.
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u/Tyrrox 4h ago
Tesla is down 20% YTD. The SP500 is down 0.52%.
Tesla is down 40 times more than the SP 500 so far this year
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u/king-krool 3h ago
What about in comparison to tech stocks? I’m not sure what a good measurement for tech in general is but I know a lot are down similar amounts.
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u/Guardian_of_theBlind 3h ago
I just looked up a few and there is not really one trend. Microsoft for example is down 20% ytd. Apple is -3% YTD. Nvidia is basically stagnant. they are neither down nor up YTD depending on when you look at the stock. Google is up 2.5%. AMD is up 11.5%. Intel is up 60%, but their stock was almost worthless on january 1st, because the company was in free fall for years.
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u/DrowningKrown 3h ago
It's gone up like 100% in 2 years despite any kind of data to support that kind of an increase.
Wake me up when it collapses. Although, too many people invest on emotions, not fundamentals, these days so that'll never happen.
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u/Arcaneboltz 3h ago
I mean this shouldn't surprise anyone, they recently announced they are cancelling production of the Model S and Model X, to instead focus on making humanoid robots.
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u/CantAffordzUsername 2h ago
Elons net value maxed out in 23 at 300 billion the fell once Tesla sales fell and hype died down.
3 years later even after sales down he almost tripled his net value at 800 billion magically….
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u/CptCroissant 2h ago
Yeah no shit there's massive downside, their sales have been plummeting for like 2 years since Elon went full MAGA and Wall St was still irrationally hyping Tesla throughout
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u/TOMC_throwaway000000 2h ago
Remember kids, there’s a clause attached to the money that Elon borrowed to buy twitter that includes an automated sell off of his tesla stock if the price drops to a certain low so that the loan doesn’t end up totally unsecured
(This is also most likely why he’s going public with spacex because he’s over leveraged and it’s about to get worse)
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u/badaccount99 2h ago
This guy doesn't understand the basic laws of thermodynamics. He's not smart! He's "ketamine" smart and his dealer just got arrested this week.
He's spouting off ideas of building AI data-centers in space and doesn't understand the cooling costs and how that doesn't work in space. Also the power thing. He's got his factories on earth being supplied by LNG because the power plants in Texas aren't the most reliable and aren't connected to the rest of the grid. Elno, you got tech to teleport natural gas into space?
Take your billions and build us something useful. Like food or hospitals.
I'm only upset because my 401k follows the SAP and I'm due to lose money because of him.
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u/chesterriley 2h ago
He's not smart!
We found that out when he ordered Twitter's programers to print off hardcopies of their recent code and fly to Musk's city to give him the hardcopies.
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u/BennyVsTheWorld 2h ago
So why does it seem like every other car in every garage I park in is a Tesla? It’s infuriating.
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u/SmartOpinion69 1h ago
despite what redditors want you to believe, teslas are good cars. but are tesla cars as good as the stock? no.
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u/life_is_a_show 2h ago
Chinese electric vehicles are dominating everywhere else. Within 20 years tesla will either be bought out or folded.
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u/Mother_Ad8783 1h ago
You mean the suboptimal code on wheels that runs into traffic, railroads, and people is crashing?! Color me unimpressed
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u/Jacob_dp 1h ago edited 1h ago
I like to think the merger with SpaceX will make it easier for us to nationalize most of their assets, but I know that won't happen.
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u/CarrotOk1366 1h ago
Nobody wants to buy a car with Musk's name attached and there are better and more comfortable other EV options nowadays. I love this for Elon.
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u/Free_Range_Gamer 1h ago
The stock is priced like a hyper growth tech company. Extremely overvalued for a car company. They are a car company.
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u/urbanek2525 1h ago
Folks, sell your Tesla soon.
Unlike vehicles that are sold through dealers, your local Tesla store can vanish overnight and suddenly you have a very expensive paperweight with nobody who can repair or maintain it.
If the meme stock crashes and baby-man Musk stops caring. Your car's support network evaporates. It's even better since it runs off software that's downloaded, what happens when the operating system that runs your car isn't maintained.
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u/OldFroyo6294 4h ago
Maybe don't loan money to pedophiles. Hope jp Morgan takes a huge loss
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u/Time-Industry-1364 3h ago
The most overvalued company ever, selling cars that really nobody wants anymore because the owner is a Nazi.
I was this close to buying a Model Y and then started seeing reports of Teslas being set on fire and vandalized… yep, no thanks lol
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u/Tanyaschmidt 3h ago
Well their cars are cheaply made. Their cars drive is clunky and you feel every bump in the road. The interior is blah.
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u/lithiun 3h ago
I’ve said it before but I am Teslas ideal customer. I want a newer, nice, electric vehicle. I want it as my second car in the price range Tesla model 3’s and Y’s are priced at. I like the features that Teslas offer.
I will never buy a Tesla so long as Elon “dipshit” Musk helms the company. Hyundai Ioniq’s are bit more pricey new but not by much. Cheaper than the Model Y’s I think. When I’m ready to purchase again I’ll likely end up getting that unless something better enters the market. I really wish we could get BYD’s here because those cars are legitimately nice.
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u/Exponential-777 5h ago
I warned of a 75% downside for Tesla a long time ago. Crap status meme stock with declining profit has been over valued for years. RDDT is still a sell, btw. I told you to sell at $200.
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u/Mindless_Ad5500 4h ago
Did people finally realize that it’s mainly just a car company?
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u/BroseppeVerdi 4h ago
At this point, I'm just expecting Elon to announce that cars will be able to give fully autonomous blowjobs by this time next year and Tesla stock will rally him to Trillionaire status even as their sales numbers suffer.
Same as it ever was.
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u/skccsk 4h ago
Impressive to destroy your electric car company right before the President you installed destroys the global fossil fuel economy.