this post was submitted on 13 Mar 2025

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Technology

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Tesla's latest decline could be one for the history books - $795 billion since Dec 17 or 53.7 percent (www.businessinsider.com)

submitted 4 months ago by remington@beehaw.org to c/technology@beehaw.org

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[+] vormadikter@startrek.website 90 points 4 months ago (2 children)

[deleted]

[–] Kichae@lemmy.ca 48 points 4 months ago (1 children)

I mean, none of these people ever question Tesla's valuation in the first place. Why is the stock losing all of this value?

Maybe it's because Tesla sells a tiny number of units, cannot turn a profit without government subsidies, and produces by most accounts a really meh fleet of vehicles. There was no sane reason for it to be valued equally to the rest of the auto industry combined.

Even at half that value today, the number is beyond unjustifiable.

[–] bradorsomething@ttrpg.network 3 points 4 months ago

In trading we refer to tesla as a meme stock, or better, as shit beta. I have a theory a number of big interday players moved into memes when they started getting bigger, because the poor liquidity of the plays cause the market…. Because the people who sell the stock had to keep buying more stock to make the options they sold safer.

Tesla is up and down because it makes people money.

[–] p03locke@lemmy.dbzer0.com 3 points 4 months ago

“So much for Objective Journalism. Don’t bother to look for it here–not under any byline of mine; or anyone else I can think of. With the possible exception of things like box scores, race results, and stock market tabulations, there is no such thing as Objective Journalism. The phrase itself is a pompous contradiction in terms.” ― Hunter S. Thompson, Fear and Loathing on the Campaign Trail '72

[–] osaerisxero@kbin.melroy.org 42 points 4 months ago

53.7percentsofar.jpg

[–] some_guy@lemmy.sdf.org 34 points 4 months ago

Those are rookie numbers. Let's go further.

[–] KbSez@piefed.social 31 points 4 months ago (2 children)

If I was a stockholder I would be suing the board for mismanagement--- we all know what the solution would be: get ride of #Musk.

From what I understand Musk and Larry Ellison are no longer the largest stock holders so for them not to get rid of him from management and the board is pure breech of fiduciary duty to the stockholders

[–] sqgl@beehaw.org 4 points 4 months ago

It is merely back to pre-election levels. However it does look like it will keep declining.

[–] GrindingGears@lemmy.ca 1 points 4 months ago

Even before all of this, with that pay package. WTAF?

Apparently there's quite the revolt brewing for their AGM. They probably can't remove him before hand, because they need to turf the board here as well. It's been a long time since we've seen something like this, arguably if even ever? It's happened with lots of companies in the past, but not with one this high profile. At least that I can think of.

[–] spit_evil_olive_tips@beehaw.org 24 points 4 months ago (2 children)

click here to pre-order my upcoming book, published by Harvard Business Review, "Don't Be A Fucking Nazi and Other Secrets To Corporate Success"

[–] jarfil@beehaw.org 17 points 4 months ago (1 children)

When your Lemmy client shows you previews of the links...

[–] Dreaming_Novaling@lemmy.zip 8 points 4 months ago

I forgot not all clients do this and thought it was an anti-joke or something for a honest second.

[–] Techlos@lemmy.dbzer0.com 11 points 4 months ago (1 children)

i just had a moment of clarity - there's absolutely nothing stopping me from linking goatse instead of rickrolls on lemmy, the internet can finally heal.

[–] bradorsomething@ttrpg.network 7 points 4 months ago

Sounds like you’ve achieved goatse post-nut clarity.

[–] Midnitte@beehaw.org 13 points 4 months ago

[–] GrumpyBike1020@monero.town 12 points 4 months ago

Get rekt

[–] megopie@beehaw.org 11 points 4 months ago

That drop largely just cancels out the numbers since November. If it drops further then it indicates a general souring if market opnion.