Summary

Tesla investors, frustrated by the stock’s decline, are demanding accountability from Elon Musk, who recently illegally demanded federal employees justify their paychecks.

Shareholders took to Musk’s social media platform X, asking him to similar list his contributions to Tesla.

The stock has fallen for six straight sessions, underperforming the Nasdaq.

Meanwhile, Musk faced backlash for overstepping in government affairs, forcing Trump to smooth tensions.

  • @[email protected]
    link
    fedilink
    English
    722 months ago

    Still 40% up over the last year. But Tesla has never paid dividends. Why they investing in a supposedly profitable company, one where the market cap is too big for anyone to buy them out, when it doesn’t pay dividends?

    • CMLVI
      link
      fedilink
      612 months ago

      There is some kind of shady deal going on, I bet. 0 reason why Tesla is worth more than like the next 12 biggest auto makers combined. The argument previously is that they’re a tech company with FSD, but that has become increasingly untrue as the years, missed targets, failed upgrades, and lack of implementation continue to pile up. Add-on Cyber Truck failures and Musk basically abandoning Tesla to play Govt Undertaker, and the company itself looks worse positioned than at any point in time.

      • @[email protected]
        link
        fedilink
        112 months ago

        IMO its currently propped up by two effects. Musk going hard right making investors think Republicans will buy Teslas to support Trump. I also think they believe that Musk being in the government will get Trump to hand Telsa some sweet government money.

        It’s turning out that Republicans won’t buy Teslas even if Musk is full Nazi. Plus, Tesla has lost the entire rest of the world market by going full Trump.

        • @[email protected]
          link
          fedilink
          52 months ago

          I said it when he first started this right wing BS. Michael Jordan was smart enough to say Republicans buy sneakers too. He did the opposite in his ketamine fueled rage, and pissed off probably 70% of the people who actually wanted to buy his shitty cars. It’s an absolutely brain dead move.

      • @[email protected]
        link
        fedilink
        82 months ago

        0 reason why Tesla is worth more than like the next 12 biggest auto makers combined.

        Market cap isn’t the same as market share, the reason their market cap is so high is because people are bad at investing and can be easily manipulated by a con man.

        • CMLVI
          link
          fedilink
          62 months ago

          We’re saying the same thing, just one more eloquently than the other (you than me lol).

      • @[email protected]
        link
        fedilink
        English
        232 months ago

        I’ve been trading TSLA stock for a few years now, and Elon has been manipulating the stock price using his celebrity status for just as long. I remember that at one point the SEC was gonna press charges but instead they came to a compromise in which Elon would not tweet anything about TSLA without first submitting the tweet for SEC approval.

        The other thing is that TSLA is majority owned by retail investors, who generally speaking buy based on vibes and hype rather than sound fundamental analysis. The price is not logical and most analyst have said so for ages now. The company had like one or two real good years, anything before that and after that has been a nonstop hemorrhage of cash. But in my analysis the reason TSLA stock can no longer sustain this price is that their strategic advantage has been almost entirely eroded. Self driving cars? China beat them to the punch. Robotaxis? Awfully behind, they are going to be entering a crowded market by the time their tech is ready. Robots? Same as above, I mean Boston Dynamics has been doing this for two decades now. Cars? Every automaker makes an EV at this point and quite a few of them are actually nicer than Tesla even if they don’t have all the gimmicks.

        TSLA is for electric vehicles what IBM was for computers.

    • Talaraine
      link
      fedilink
      82 months ago

      I mean of course they’re going to be reticent to comment. Didn’t they just give him like $50 bill? Gotta save face and keep quiet about that… or they look like idiots too.

    • ShadowRam
      link
      fedilink
      42 months ago

      I’m guessing they don’t care about dividends?

      They simply borrow all the money they could possibly want on the perceived collateral of their stock.

    • @[email protected]
      link
      fedilink
      52 months ago

      Because if i bought last year and sold this year, id make 40% on my money. Thats why people keep buying in