- cross-posted to:
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- cross-posted to:
- [email protected]
Keep it going. Canada, you’re doing great.
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IF you have Tesla shares AND you waited for a sign to sell them all asap …
I sold my Tesla stock long ago, before it crashed, because I wouldn’t support M-Rat.
Now I’m thinking of buying a share, only because I want to be in the inevitable class-action lawsuit that is absolutely coming, blaming Musk for recklessly and predictably tanking the stock price, and the Board of Directors for not taking action and removing him from his job when he went out of his mind.
Could just buy puts
Puts don’t get you into the class action lawsuit.
Elon has NOT demonstrated ANY transparency THIS YEAR. Don’t listen to his words. Words are a “tool” that he uses to get what he wants, NOT what you want. He doesn’t think he is lying, it’s just business “management.” Lying is his way to help his business thrive. Perfectly normal…for him.
Perfectly normal for ALL Sociopathic Oligarchs. Lying, cheating, bad ethics, willingness to break the law, etc. are all considered valid business strategies these days. I’ve know many businesspeople who believe that.
Most businesspeople want to operate their businesses legally and ethically. People with morals and consciences wouldn’t be proud of having a successful business if it only got that way through nefarious behavior.
Unethical businesspeople know that, and look for honest businesses like that to exploit. They see their unethical and illegal behavior as a competitive advantage over their honest competitors. They know their opponents won’t cross a certain line, but they will, and they are actually excited to do it. They enjoy being dishonest, it makes them rich.
Tesla stock is way, way overvalued. If it were based completely on the company and its product, it would be 1/5 or 1/6 of its current market value. That hyped-up value was based on Musk being a benevolent leader into a progressive future of electric vehicles, continentally available charging, shared infrastructure, getting off fossil fuels, solar and alternative energy sources, etc, etc. However now that he has shown that he is actually a regressive, do anything for a buck to be the first trillionaire even if he kills the USA in the process, a**hole, why would Tesla stock stay overvalued? Especially as every new line of Teslas has more problems, with the latest cybertruck being fully recalled? Anyone not bailing now is likely to lose most of their value the longer they wait. The MAGAs that Musk now appeals to are never going to buy an EV and his former supporters that he stabbed in the back will go on to other EV providers.
That P/E ratio it has is crazy. It’s basically a meme stock. I think 1/5 to 1/6 is being very, very generous.
The protests won’t stop until the company is bankrupt. Sell em if you’ve got em.
Charges of domestic terrorism against anyone selling his Tesla stocks in 3… 2… 1…
So he can sell his and cash out first?
Nah. Tesla’s dead. Now we need to kill spacex
Would he do the same for you?
who would invest in a car that’s so susceptible to spontaneous combustion
And so attractive to molotovs
Hey now, there’s no need to be redundant.
I suppose that was the undertext… sorry, I’m great at ruining jokes 😂
Lmaooooooooo
Musk has previously bragged that employee stock awards helped fend off unionization efforts in Tesla factories.
Indeed, Tesla is currently the only major American automaker whose workforce isn’t represented by a union. Musk’s strategy has previously been to pay employees much lower salaries than other American auto companies, offset with those Tesla stock awards.
Now that employee stock holdings are in the toilet, the leverage Musk once had over his laborers is quickly slipping through his fingers. The deeper Tesla’s stocks plummet, the closer Musk pushes his underpaid workforce toward the bargaining table — which would be a huge cut to his own personal fortune.
But that’s something only Tesla’s employees can decide. In the meantime, calls on Musk to step down as Tesla CEO are only getting louder.
You expect unions to remain “legal” if that happens?
I expect hungry laborers who watched friends and family die in unsafe working conditions to do what is necessary.
Labor and capital have fought literal battles here before
Yep. They done fucked up letting this entire country arm themselves to the teeth. It’s time for some armed labor movements on factory floors. Worker takeover of the company.
I mean, if Jim Cramer is telling me to buy something, I’m gonna sell it. If he’s telling me to sell, I’m gonna buy more. Never seen a stock guy wrong as often as him.
I’m like 90% sure there is actually a mutual fund for the opposite of his recommendations.
So I just checked and it looks like the Inverse Jim Kramer Fund closed due to lack of interest.
It was doing well though, right under the Pelosi fund when it shuttered. Much better that following him at the very least.
All of them are wrong. But he is the wrongest
It’s poor sales *from last year Q1 compared to 2023 Q1.
We’re not even looking at 2024 Q2-4 or 2025 Q1 yet. Telsa might be completely underwater at this point.
Or just returning to where it should be. The stock should never have been valued that high.
Sell them
Join in rest of the world, there is a lot of musk property to trash and destroy!
