Summary

Elon Musk lashed out online Monday as Tesla stock plunged over 15%, wiping out its post-election rally and shedding 50% of its value since December.

Investors worried about market declines, recession fears, and Tesla’s growing controversy after Musk’s far-right rhetoric and mass government layoffs.

Musk falsely claimed Democratic donors funded anti-Tesla protests and linked critics to Jeffrey Epstein. He amplified conspiracy theories blaming arson attacks on Democrats.

Despite his efforts, Tesla’s collapse cost Musk $23 billion in a single day.

  • barneypiccolo@lemm.ee
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    4 months ago

    Cool. I cant wait for Tesla shareholders to file a class-action lawsuit for recklessly and negligently tanking the share price. Their portfolios have taken a significant hit, and it’s directly attributable to his poor public behavior, as well as partnering up with the loudest anti-EV voice on the planet. They have easily demonstrable damages, and it would be an easy case to win. I’ll bet there are numerous lawyers lining up their cases right now.

    AND, its just a matter of time before the Tesla board fires him as CEO. He can wreck the government and Tesla, or he can run Tesla, but he cant do both.

  • the_crotch@sh.itjust.works
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    4 months ago

    Yet the Tesla brand has also become uniquely toxic since Musk swept into Washington, gave what was widely recognized as a Nazi salute at an inauguration event

    Good to see the mainstream media finally (sort of) calling this what it was instead of tiptoeing around it

  • Wispy2891@lemmy.world
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    4 months ago

    Wow, the president is really scared, he even had to call trump for a photo op in front of a Tesla

    trump had to stop golfing after the president called him for promoting sales of Tesla

  • Embargo@lemm.ee
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    4 months ago

    Elon: Does a Nazi salute then proceeds to do Nazi stuff within the confines of the U.S. government.

    Also Elon: Why is everyone picking on me?

      • Eatspancakes84@lemmy.world
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        4 months ago

        I mean, it’s just really hard to understand why all these billionaires have decided to become so politically active. 1.) they have more than enough money for 10 more generations at least. 2.) if there is a serious tax hike or other threat to their wealth they can always quietly buy off some key politicians. 3.) if you stick your neck out like Musk (and some other billionaire cabinet members do) you run the chance that people will want to cut it off. If I were a billionaire I would make it my lives mission to ensure that the general public does not know my name.

  • jballs@sh.itjust.works
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    4 months ago

    Lol he’s so panicked he’s had to order Trump to send a tweet to try to convince right wingers to buy EVs now.

      • GlendatheGayWitch@lemmy.world
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        4 months ago

        In Texas, if you have a contract with the state or a school district, you have to sign a contract where you agree not to “boycott israel” whatever that means. So I guess if one was to “boycott israel” while taking money from the state of Texas, that could be considered an illegal boycott.

        • Trainguyrom@reddthat.com
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          4 months ago

          you agree not to “boycott israel” whatever that means

          As performative as that is, it’s just bizarre to imagine as a business having to ask “if I just happen to have not had any contracts with Israeli entities am I in violation of my contract with this random rural Texas county’s public works department?”

          • GlendatheGayWitch@lemmy.world
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            4 months ago

            There’s also a clause where you agree not to perform an abortion while on duty.

            It’s really weird and probably comes from Abbott saying that all money from the state supports Israel and that no money is used to fund an abortion.

        • Yondoza@sh.itjust.works
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          4 months ago

          That feels like the government placing limits on the rights of corporations to express political views, which SCOTUS has stated is illegal (if you define speech as campaign contributions, which it does).

    • Liberal_Ghost@lemmy.zip
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      4 months ago

      Like, what in the actual fuck. How is it illegal to boycott Tesla? But it wasn’t illegal when all the rednecks wanted to boycott bud-light for having a pro gay add? This clown is a fucking joke.

    • Polderviking@feddit.nl
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      4 months ago

      So we can add “illegal” to the list of words Trump uses but doesn’t know the meaning of.

    • Furbag@lemmy.world
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      4 months ago

      Man who doesn’t drive buys fascist car to show solidarity with worlds richest man.

    • TechAnon@lemm.ee
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      4 months ago

      LOL! Remember when conservatives were blocking Tesla chargers with their lifted trucks? The vast majority of conservatives who can afford EVs don’t want them anyway because it doesn’t make “vroom, vroom” sounds.

      • neidu3@sh.itjust.works
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        4 months ago

        Especially considering the Anheiser Busch (or however it’s spelled) boycot over someone else’s gender identity.

        The ones yelling “Snowflake!!11” for a decade turned out to be crybabies. Who woulda thunk.

        • Ledericas@lemm.ee
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          4 months ago

          and busch had the last laugh, because they got ALCOHOLICS hooked they will never stop drinking busch beers.

      • samus12345@lemm.ee
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        4 months ago

        “L’état, c’est moi,” so anything he doesn’t like is illegal.

    • 800XL@lemmy.world
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      4 months ago

      Holy shit I would laugh so hard if all these right-wing chucklefucks over-leveraged themselves on a Tesla, couldn’t pay the monthly payments, the car got repo’ed and they lost their home in the process.

    • Souroak@lemmy.sdf.org
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      4 months ago

      He’s going to go a buy a Tesla tomorrow? I’m pretty sure he didn’t even keep the wrapped cybertruck that was gifted to him by those manosphere podcasters a while back.

        • Ledericas@lemm.ee
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          4 months ago

          i heard he never got his license. made sense if yuor being driven everywhere in a limo.

          • Ulrich@feddit.org
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            4 months ago

            Lots of people in NYC don’t have a license. They don’t need them. It was a bit of a culture shock when I visited.

      • Ulrich@feddit.org
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        4 months ago

        First time reading one of Trump’s posts? They’re all like this. In fact they’re often worse. He often makes use of schoolyard insults, uses CAPS LOCK, and he has the vocabulary of a 5th grader. To anyone with half a fucking braincell, he’s a giant manbaby.

  • damdy@lemm.ee
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    4 months ago

    I’m amazed the stock is still as high as it is. Anyone buying a Tesla right now is making an unpopular statement in most the world.

    • Ledericas@lemm.ee
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      4 months ago

      ive seen an increasing amount cyberdumpsters in my blue area since last year, one regularly picks up the gf in my neighborhood. the people buying it is mostly ignorant of musks tantrum and his bigotry.

  • Billybob22@feddit.uk
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    4 months ago

    Trump just f***ed Tesla. It had some coolness left in the brand but Truml just removed that on the White House lawn.

    • barneypiccolo@lemm.ee
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      4 months ago

      Teslas have been the official MAGAmobile for a while now. The brand has been tainted for at least the last 6 months. Its just reaching a critical point where the stock is finally starting to crash. It will eventually end up around $20, which is where it belongs.

  • joecamnet@lemmy.world
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    4 months ago

    Man. Poor guy. Really gotta feel for the nazi billionaires trying to destroy the world when their feefees get hurt. Chin up, champ!

  • Wispy2891@lemmy.world
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    4 months ago

    Today so many good news

    He lost $23 billion from Tesla and $23 billion from tweeting about Carlos Slim

    • D_C@lemm.ee
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      4 months ago

      Has anyone told him about the pulling of bootstraps? I feel that if he really, realllly pulled then he could make that 46 bill back by the end of the week!