• CompactFlax@discuss.tchncs.de
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        22 hours ago

        Knowing that Tesla had a market cap exceeding GM and Toyota and all the other manufacturers and a PE ratio beyond belief, the smart ones were selling as soon as it vests.

      • BeigeAgenda@lemmy.ca
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        17 hours ago

        Yes it looks bad from the outside, but hopefully it looks even worse from the inside, with empty dealerships and order cancellations.

        How many months with zero sales can each dealership handle?

        And didn’t elon increase the number of units produced?

    • Lucky_777@lemmy.world
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      23 hours ago

      The numbers tanking when Elon started his bullshit is enough. He keeps double down. Telsa stock is basically shit going down the drain. Get out now before you drown in it.

  • metallic_substance@lemmy.world
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    20 hours ago

    Fuck this company and fuck Elon in particular, but we’re in a downturn economy. Some of this selloff is normal in this kind of situation. I work for a very successful company (completely unrelated to the auto/tech industry) which was rising before all of this bullshit and many of the top shareholders sold HARD recently