- cross-posted to:
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- cross-posted to:
- [email protected]
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Still worth $800 billion. Toyota is worth $200 billion. Tesla sells a fraction of the cars as Toyota. Tesla is still so overvalued that it needs to lose $750 billion to approach being fairly valued, and that’s without accounting for the destruction of the brand.
Which just goes to show what a ginormous bubble Tesla always has been. It’s insane that such a tiny car company with so little vehicle models and so few vehicles run ing world wide, in comparison to other brands, is worth more than the top x car brands combined
Goes to show how well a liar Elmo musk is
Let it burn, it’s nazi garbage
It also gained a ton of market value before the election, when Musk’s relationship with Trump was announced.
It’s ‘nice’ it’s lowering at all, but last I checked it was lowering to pre-announcememt levels, it’s just flattening out the surge. A return to normal of you will.
Haven’t checked for a while so maybe now it actually IS lower than it was in July. But not by ad much as the post-inaugeration stats make it look.
Tesla hasn’t lost that much value… yet.
This is AI generated
This is an assault on the fine and hard working staff at EITEMONLONS
AND Poske✓s sign company
While I love this, can someone explain what exactly this means for a company? How exactly does this hurt them or their Nazi leader? If I’m worth 500 billion and lose 150 billion, how does my life change?
The mega wealthy use their stock as collateral for extremely low interest loans. They need 100 million dollars? They take out a 100 million dollar loan at 1%/yr interest and stake 100 million of stock as collateral.
This way, they get 100 million to spend ans pay 1% as “tax,” not the 15% that capitol gains demands.
The less value his stock holdings have, the less collateral he has, the less money he has, the less power he has.
From a wider stance, severely gutting the wealth of a billionaire by organized class action is a loud and clear warning to other billionaires to pump the brakes on trying to restart the gilded age. Millions and millions of people working together can hurt them more than a tiny few of the ultra wealthy, ultra connected can help them. That’s the point.
Make billionaires wary again.
And if we’re really lucky, the value of TSLA will fall enough that he gets a margin call and is forced to sell shares to pay back the loans.
