Yet somehow the asshole is a trillionaire. That don’t sit right with me. tf is going on
He isn’t, anymore. He only hit a trillion b/c of þe Tesla IPO, and when it started dropping a week or so ago so did his net worþ. Much of his net worþ is tied up in stocks.
Downvoted for use of stupid characters. So cringe. It’s the tinfoil hat of text.
I thought I was the only one. I wanted to Hulk punch the guy over IP.
Correction, the SpaceX IPO is what briefly made him a trillionaire on paper. And yeah, that stock is in free fall too. Likely to be moreso when the locks come off for the people who got free shares as employees. If you look at the stock, and the way he set it up (his 1 share is worth 10 of everyone elses in voting power, as well as other weirdness) it’s not a long term stock. No one but a moron or a Musk Stan would keep it.
Not anymore.
Thanks to the freefalling stock.
Not for long if this keeps plunging!
Musk = POS Nazi.
I no longer trust reported numbers now that the “system” has been grossly manipulated by cheats and scoundrels in power. I still smirk and shake my head at and teslars driving past me on the street though.
I no longer trust reported numbers now that the “system” has been grossly manipulated by cheats and scoundrels in power
🌏🧑🚀🔫🧑🚀
Didn’t you read the headline? It’s in FREEFALL. It’s been SLAMMMED.
/s
Don’t be fooled by the headline. Look at the long term trend. It is still high. Just a bump. Its the same price as July 2025.
But capitalism operates under infinite growth assumptions, and perpetually seeks increases in value. Any dip, regardless of how much it actually affects the company’s ability to operate and generate a profit, is a problem that spells doom for capitalists.
Note that while that sounds ridiculous, we demarcate value using a currency system that makes standing still look like mild growth. When you ultimately are controlling currency, you can create the appearance of growth under any real world condition you like.
So a company that looks flat in a system designed to make flat look like grown is actually experiencing some decline.
Of course whether that is a decline in product, results, or just random investor sentiment is all up in the air.
And Oct 2021
The company missed Wall Street expectations, despite its core automotive segment generating just over $20 billion in revenue, up 23 percent from a year ago.
How the fuck did it make $20 billion? How the fuck did it make 23% more than last year? Who the fuck is still buying this shit?
When I see people drive them, I wonder why you would buy such a thing.
After a few years on this country’s hole filled roads and stone paved streets, they start to break down and develop a distinct squeaking noise, indicating that the build quality is not good at all.
Still, I think it’s more of a fashion statement from vain people that will trade it for a new car in 4 years, so build quality does not matter. It says “Look, peasants, I have an imported american car. Envy me, you Peugeot driving scum.”
I read the front suspension has a design flaw and needs the rubber parts replaced often to stop the squeak.
As always, people have short memories, or just do not give a shit about ethics
https://www.nytimes.com/2026/06/26/business/tesla-elon-musk-europe.html
Tesla’s vehicle sales rose 77 percent from January through May compared with a year earlier, the European Automobile Manufacturers’ Association said this week. In May, Tesla sold 22,000 cars in Europe. That’s more than Ford, Nissan or Honda, even when including their fossil-fuel models.
Many people seem to have put aside their personal feelings about Mr. Musk after Tesla cut prices for its entry-level models to levels that are competitive with comparable gasoline or diesel vehicles and inexpensive cars from China. In some countries, Tesla’s Model Y sport utility vehicles can be leased for less than 300 euros, or about $340, a month.
“Once you go down the pricing scale, people pay less attention to ethics or morality,” said Matthias Schmidt, an independent analyst in Berlin who tracks electric vehicles sales. “Tesla’s product has become so appealing from a price perspective, it’s almost too good to refuse.”
I remember Tesla sales dropping after this
so I hoped people are still capable of using ethics when making financial decisions but it looks like I was wrong.
As the old saying goes…“Ethics are a luxury that poor people can’t afford.”
But they can afford a Tesla
The people I know who bought one don’t give a shit about ethics. They stayed away from them for as long as they were socially unacceptable, but as soon as the storm blew over they saw their chance to buy one.
Just… a data point. My experience is that at least 20% of a population doesn’t care about stuff like this. They care about their own social status, but not ethics.
Targeting 20 percent of the population isn’t the type of business model that puts your stock this far above all the established automakers though. The correction on the junk stock can’t come soon enough.
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And how much of that range do you use per day?
I live in Lisbon, Portugal and they are everywhere. At any stop light you easily see 3 or 4.
How much compensation did musk demand last year as his value for running the company?
How do you lose money selling electric cars when two oil critical straits are blocaded
However, the company’s gross profits dropped as operating expenses climbed far quicker than revenue, in large part thanks to AI-related capital expenses and other research and development
By having your CEO come out as a fascist, pissing off the demographic that tends to buy EVs and also stagnating while allowing your competitors to catch up.
Teslas are objectively last Gen. The only reason they still sell well in the US and some other markets is tariffs.
Other US companies are actually competing with them for market share now, too. It certainly isn’t helping Tesla sell.
Also, Teslas are starting to get the reputation they deserve: overpriced shitbox vehicles that have horrible build quality because Musk has stripped anything good out of them for profit.
By pivoting to humanoid robots and LLMs.
In the US, the market has soured on EVs and the federal tax credits have gone away.
Outside the US, China is eating their lunch.
That makes sense because the country is ass backwards
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Wall Street spent years pricing Tesla like a future AI empire instead of a car company. Now investors are getting a reminder that robotaxis, humanoids and promises don’t magically pay today’s bills. Reality has an annoying habit of showing up right after earnings season.
Maybe if Elon throws out a few more Nazi salutes, it will fix the problem. Surely that will increase sales.
“I’m just showing the stock graph in what direction to go”
Absorption by SpaceX incoming.
I mean, it would still make more sense than SpaceX + xAI. Unlike a data center, a Tesla did actually go to space
And even that was out of spite. That was supposed to be the roadster that the actual founder of Tesla had ordered.
tesla has had disastrous earnings in the past and it hasn’t bothered the investors before. what charged?
I think in the eyes of many investors, Elon has lost whatever mojo they thought he had. As Elon never had any mojo to speak of, this mostly just means the investors are finally catching up with reality.
Could be that some of the irrational Musk fanboys have moved their money over to Spacex? Could also be a complete coincidence though given past Tesla price movements.
Or, SpaceX dropping below IPO price woke up the braindead morons to reality and they’re now selling off anything attached to Musk.
I’d say this is a significant factor. Some youtuber did a video where he basically showed that most Musk stocks were overinflated by a factor of 10 based on their traditional metrics. The difference was basically built on investors’ confidence that Musk could keep the companies growing. Between driving away customers, not focusing on building his businesses, and still not achieving the goals he promised, investors are rightly worried that desired growth is no longer something to bank on. He may have to stop relying on the wunderkind factor and actually start running his companies responsibly, and I don’t think he can do that anymore, if he ever could.
Didn’t help that he pissed away the carefully cultivated “Tony Stark” image. Now people don’t shrug off his failures like they were inclined to do.
Headline conveniently phrased to attract clicks from certain segment of internet users.
that’s usually the goal of a headline
Futurism’s are particularly egregious. It exists to get clicks, and I mean in a way that clearly none of its writers give a single shit.
This headline and story in particular are okay enough, but in general, Futurism will take scraps and turn it into “[x person/business/industry our readerbase doesn’t like] is literally shitting its pants and DYING”.
Every headline, really…
I’m just part of that group recognizing when I’m being manipulated.
Chat, is it good when a stock is down 28% YTD?
Not sure it quite qualifies as a free fall yet, we can all hope though.
Its been a large sudden drop
But its still over 300.
And it hasnt been under 300 since summer 2025
I think people are tired of these headlines because we’ve seen the same thing for many companies, without lasting consequences. It’s even worse for elon musk related stocks, because of how much manipulation those ones go through.
I don’t have a source, so take it with a grain of salt, but I vaguely remember a discussion that one of his companies couldn’t remove him because the stock was artificially inflated by his presence. It might have been tesla
There is another problem which keeps stocks like Tesla afloat when it really should have tanked a long time ago: Index funds based on indexes like S&P 500 etc., where investors are automatically buying Tesla stock when buying into the fund, which stabilizes the stock in question. Musk knows this and that was the exact reason why he tried to get indexes to bend the rules of inclusion for spaceX to be included in indexes earlier than usual. The grave consequences are people investing in index funds are directly milked. Pension funds often include indexes, so what Musk is doing there is in effect trying to steal from people who did not actively invest in SpaceX.
If you’re a short seller, yes it is!
I’ll admit it made me slightly giddy for a few seconds.
I needed those seconds though, so I’ll take em.
I’m sure he’ll go crawling back to Donny T, they’ll hug it out and this time next year it’ll be at an ATH.
