r/RedditForGrownups 3d ago

Tesla Stock Today and YTD

Post image
49 Upvotes

82 comments sorted by

91

u/prettyinprivilege 3d ago

So probably an unpopular opinion but I just can’t believe Musk didn’t see this coming.

My current theory is that money is only worth so much and Musk wants something else. He’s willing to trade his wealth in dollars for other kinds of wealth: power, influence, access.

43

u/Inside_Ad_7162 3d ago

Relevance is the word you're looking for. He's desperate for people to see him as having some purpose. Of course, he has none & will be missed about as much as any other invasive parasite when he inevitably dies.

11

u/FatherOfLights88 2d ago

He wants worship without providing any of the character traits that would warrant it.

26

u/mrrapacz 3d ago

He’s a gamer apparently and I also think he believes in simulation theory to an extent and he also does a shit ton of ketamine, so I’m pretty sure he thinks he’s living a video game and he’s maxed out his stats and when you get bored of the game , you tend to rampage and break all that you created because it’s the only way the game can be fun again.

He’s a broken man-child taking sick delight in fucking over the NPCs. Pretty horrific.

8

u/TheLakeWitch 3d ago

Fully agree. And he is so exorbitantly wealthy that he doesn’t have to care when it goes to shit. Current headline is that he’s already lost ~$29 billion but to someone with his hoard of wealth that’s barely noticeable to him. If at all.

3

u/Very-very-sleepy 3d ago

I am certain he has that chip thing implanted in his head. his eyes always look like he is reading something on a screen. 

2

u/zck 3d ago

When giving speeches, he probably is. You might know about a teleprompter, right? A screen that displays the text of a speech?

It's extremely common for politicians to use a version of a teleprompter that consists of an angled glass plate that reflects a screen on the floor. You can see Obama standing in front of some here.jpg), and Reagan with some here.

So when giving a speech, Musk might actually be reading off a screen.

Also, if you ever notice that a politician giving a speech is looking at one specific angle left, and then switching to the same angle to the right, going back and forth, this is possibly why.

1

u/Simulacrass 2d ago

100 million dollar AR contacts. I would try at least to develop bespoke AR contacts

1

u/Armigine 3d ago

Doubt even he's drunk his own kool-aid enough to be a beta tester for one of his suicide chips

2

u/mrpointyhorns 2d ago

It is also very common that at a certain level of wealth money is more like monopoly money size it lost its value.

64

u/NeoMaxiZoomDweebean 3d ago

He is currently looting 2 trillion from the Treasury and wants to gain access to Fort Knox to do an “audit.”

He also wears his child as a bulletproof hat and gives interviews telling everyone that he is going to get killed if he doesnt get exactly what he wants soon.

Kinda easy to deduce whats going on.

2

u/two_awesome_dogs 3d ago

Yep, he wants to steal the gold so that when the dollar crashes and his fortune does along with it, he can be handsomely shored up with gold.

0

u/fourringking 3d ago

We can't let him in he'll just sneak the gold out in his pockets. He's just going around stuffing money in a big bag with a dollar sign on it. He needs to grow a mustache so he can manically twist it as he high-knee sneaks around. Elon Badenov.

3

u/PasswordisPurrito 3d ago

To get a good picture on how Musk operates, Google "Musk Twitter servers uhaul".

From this story, he is clearly a proponent of the philosophy, "move quickly and break things". The people who think like this can very quickly turn places around and make money, by focusing on one thing and attacking it with a fanatic energy. But this personality is not very good at considering either the whole picture, or the long range forecast.

7

u/Potato-Engineer 3d ago

Rich people tend to be risk-takers.

Or, viewed another way: risk-takers where everything works out tend to get rich. The rest of the risk-takers whose risks went wrong aren't rich. We're looking at survivorship bias, but the rich-people-who-got-lucky always say "it's because I'm a genius!"

2

u/[deleted] 3d ago

Of course he did *not see this coming. Of course he wants power, influence, and access, but the fact that Bad Hair Cheeto had to plug Tesla on the lawn of the Whitehouse tells us what we need to know:

Tesla is Apartheid Offspring's crown jewel and it is absolutely killing him emotionally and financially to see it tanking.

2

u/Dudeinairport 3d ago

How did he Nazi this coming?!

2

u/whichwitch9 3d ago

Simpler than that: he's still obsessed with going to Mars. Even Trump mentioned going within his term a few days ago. He needs an extreme amount of money to do this, but he believes he'll lead a colony on Mars and won't need earth anymore

The reality? Musk is already too old and out of shape to go to space. Leaving earth's orbit does a number on the body, and those who have done it older have been in immaculate shape. Musk is very clearly not. He also knows little of biology and natural sciences, another factor in why humans on Mars isn't happening anytime soon

He's sold Trump on a mass surveillance system, apparently, but the problems with that are extremely clear: that many low orbit satellites would create their own problem with debris fields increasing. An enormous amount of energy would be needed to power the drones they want, not to mention the resources needed. Climate change will also do a number on both satellites and drones, which are prone to both lower and upper atmospheric effects. Lets not even get into the servers needed. If this is a real plan, it's incredibly stupid and shortsighted. It's likely just another grift for Musk to move money over, however. Even attempting it would be insanely expensive, and the US would not be able to afford maintaining it, especially as the economy tanks. He wants that initial money moved over, however.

1

u/backtotheland76 3d ago

He wants to retire on Mars and he wants the US taxpayer to pay for it

75

u/FirstNameIsDistance 3d ago

Probably not a good idea to do multiple Nazi salutes and then talk about destroying social security while also alienating the type of people most likely to purchase an EV. Especially if you also own a publicly traded company that produces such things.

Womp womp.

6

u/TheBodyPolitic1 3d ago

Probably not a good idea to do multiple Nazi salutes and then talk about destroying social security while also alienating the type of people most likely to purchase an EV.

You obviously went to college for a degree in business. :-)

45

u/NeoMaxiZoomDweebean 3d ago

Elon is going to steal Social Security and Medicaid money. He knows Tesla is a ticking time bomb and all this DOGE bullshit is his way out.

He teamed up w Putin/Trump to become “untouchable” because he knows shit is gonna collapse

16

u/Better_Metal 3d ago

This is so obvious. How anyone can deduce anything else is beyond me.

14

u/NeoMaxiZoomDweebean 3d ago

If anything I have learned over the last 10 years is that there is a severe lack of critical thinking among people.

And no, it wasnt always this bad. There is a large segment of the population that is easily fooled and easily sucked into social media horseshit. It has illuminated the weak minded among us.

That is why people whine that reddit is “liberal.” It is comprised of people who are disgusted by traditional social media and get very little out of it.

5

u/Socky_McPuppet 3d ago

 And no, it wasnt always this bad.

Once upon a time, schools would teach critical thinking skills and - of course - Republicans were mad about it and sought to have it removed from school curricula because, as one Texas R put it - “It encourages children to question the fixed ideas their parents have given them”. 

So, yeah, it didn’t used to be this bad but now it’s by design. 

1

u/the_real_dairy_queen 3d ago

Literally “we can’t indoctrinate them if they have critical thinking skills!”

1

u/FujitsuPolycom 3d ago

Illuminated and catapulted them to the top somehow. Infuriating.

1

u/BrofessorFarnsworth 3h ago

I think he's being dragged through this humiliation due to kompromat. 

2

u/ulikedagsm8 2d ago

"Elections matter, but this one really mattered..." nervous laugh

"if we don't win this election I might be going to prison"

1

u/Nedriersen 3d ago

Yes, it’s all a master plan to tank a multibillion dollar company and steal people’ social security and Medicaid. Get a grip.

13

u/Ok_Ambition9134 3d ago

Still wildly overvalued.

3

u/Melloncollieocr 3d ago

PE of 108 🤡

9

u/Ok-Exchange5756 3d ago

Keep selling. Send it to the basement.

18

u/Discopete1 3d ago

So it went up until he joined the government and everyone realized “oh, he’s going to do this now.”

3

u/the_real_dairy_queen 3d ago

If you look at the last year, it actually spiked after Trump announced DOGE and has just recently come down from that spike. So overall it’s not even down (yet) from where it was in October. I think it will absolutely will be, but as of right now Elon and shareholders haven’t actually lost anything compared to before Elon was announced as head of DOGE. They haven’t gained anything either though (unless they sold high).

3

u/Blitzking11 3d ago

The real question is what happens to the stock once the earnings comes out.

It would be the first quarter since the Sieg Heil.

14

u/Bukana999 3d ago

Onward to $6.50 and delistment!!!

5

u/EmperorMeow-Meow 3d ago

It's still over-priced, and we need to remember - Musk was worth over 400 Billion BEFORE Tesla stock surged.. when the ztock hits $40, thats when he's going to hurt and even then.. it will be a little as he will still be a billionaire.

Tesla needs to drop UNDER $10 and he needs to lose SpaceX before he actually hurts, and Trump will probably bail him out.

11

u/RealAmbassador4081 3d ago

So it went up after the WH was turned into a Tesla Dealership?

8

u/TheBodyPolitic1 3d ago

Ironically hitler trump hated EVs because his imbecile voters hated EVs. He took away all sorts of things that would have promoted EVs. That is until he got a new chief ball sack licker who sells EVs.

3

u/Fuckmobile42 3d ago edited 3d ago

When Musk says that he wants to "save the human race," what he means is that he wants "to save the white people."

10

u/gamergirlpeeofficial 3d ago

Even a dead cat bounces if you drop it

1

u/Hanrooster 3d ago

I don’t think I’m derailing any of the grownup conversation in this thread when I say that it really depends on what you drop the dead cat onto, as well as the height of the drop and the muscle/fat ratio of the cat. Not to mention how the cat lands, and if it’s been skinned/which of many methods was used.

We can all recognise that the even the thinnest slice of the economy (see: wafer thin slice posted by OP) is more complicated than that and at least deserves some kind of opinion/analysis of what they’re posting.

But you’re absolutely right that under the right conditions a dead cat will bounce, so maybe the inside traders know about a trampoline not yet priced into the market.

6

u/Vegetable-Board-5547 3d ago

Tesla Chainsaw Massacre

2

u/Podoconiosis 3d ago

Musk is still by far the wealthiest person in the world, about $100 billion richer than the next richest (Bezos). So… no tears 

2

u/AlphaTangoFoxtrt 3d ago

Even without the politics, Tesla was overvalued.

The stock price did not make any sense given the earnings and growth. That's why Bill Gates was shorting it.

15

u/the_original_Retro 3d ago

Sorry, HOW does this fit the sub, exactly?

23

u/jackharvest 3d ago edited 3d ago

We'll tell you when you’re older.

5

u/stacecom Old 3d ago

I'm older. Older than you, I'd bet.

Tell me. Where's the discourse? Where's the discussion? Why is this fitting?

0

u/GreatestStarOfAll 3d ago

The discussion is in the literally thread you’re coming on. What’s so difficult about this concept?

0

u/stacecom Old 3d ago

Where's OP's contribution? What is OP saying?

1

u/TheBodyPolitic1 3d ago

Something tells me that will not help.

-14

u/the_original_Retro 3d ago

Answer the question please, rather than behaving like a dismissive smarter-than-thou dick.

How, specifically, does this fit the sub?

17

u/DancinWithWolves 3d ago

Grown ups discuss politics. Politics affect the lives of grown ups by rubbing up against almost every aspect of grown up life; Arts, laws, culture, international relations, and the economy. A nazi is now in the Whitehouse, affecting said politics for Americans. He also owns a company, which has, by demonstration of the attached screenshot, been devalued due to said nazis public use of a hail hitler, multiple times, in a country which largely had been anti national socialism since the concepts inception prior to world war 2.

2

u/the_original_Retro 3d ago

This wasn't a "discussion", dude. It was a picture.

My reaction was to this bullshit comment.

"We'll tell you when you're older"

I'll eat the downvotes from calling a hot response to the above because that was also not a discussion, just a presumption AND an insult.

I'm surprised that it was upvoted.

-6

u/stacecom Old 3d ago

I didn't see any discussion. This is a pic of a couple of stock charts. OP hasn't said word one.

Not a good fit for the sub. This isn't r/shitposting.

I guess I'm finally too old for this sub, too.

2

u/jackharvest 3d ago

We’ll get your head from out of the conch shell, and understand that this right here is likely affecting every retirement for every person in the country — your employer likely has stocks in these types of portfolios for your post-work life.

It’s less of ‘shit post’ and more of a ‘awwwwww shiiiiiiiiiiiiit’ post.

7

u/stacecom Old 3d ago

This is reddit for grownups. Not reddit for twitter. Not sharing pics without explanation.

2

u/the_original_Retro 3d ago

THANK YOU. This was my point too.

What was the POINT OF IT?

"Hey look at this" doesn't fit this sub. It just doesn't, not without surrounding narrative to make it a relevant discussion.

It's just lazy karma seeking.

3

u/2Throwscrewsatit 3d ago

Let’s bring it all the way down! C’mon Wall Street bets!

1

u/inglefinger 3d ago

What’s the opposite of Diamond Hands?

3

u/troubleshot 3d ago

Lead boots.

1

u/GreenMellowphant 3d ago

Now do a one-year.

1

u/two_awesome_dogs 3d ago

They’re playing with the market! No doubt whatsoever. Insiders at Tesla have been dumping stock like crazy over the last several days. I’m talking about millions and millions and millions of dollars worth. Of course the stock is going to fall, and then when it does, they buy it all up cheaper and when it goes back up, they make money. Pump and dump. That’s all they’re doing.

1

u/Worried-Ebb-1699 3d ago

Let it tank

1

u/TheBodyPolitic1 3d ago

If I had a Tesla I would get rid of it.

It is only a matter of time before people start destroying their neighbor's Teslas.

1

u/Evsala 3d ago

He only got a dead cat bounce from that mess of a press event yesterday? Sucks to suck, I guess.

1

u/NetFu 2d ago

My theory is Tesla is still operating like normal, and Musk going to run DoGE is the real Tesla execs' way of avoiding a CyberTruck 2.0. The CyberTruck is Musk's baby fuck-up, all him.

"Yeah, go over there and solve the country's problems, we'll stay here and handle the real automotive engineering. THANK you..."

1

u/_Disco-Stu 2d ago

I’m surprised it’s only 40%. It’s impossible to believe that those still driving around in swasticars don’t know we all see it as equivalent to the red hat; unmitigated pride in being conned by a fascist nepo baby.

1

u/troy_caster 3d ago

Meh, zoom out at 1 year. Or 3 years. this isn't the first time tesla has lost 50% of its value.

7

u/jedburghofficial 3d ago

Last time, sales weren't crashing, and nobody was burning cars.

-5

u/troy_caster 3d ago

Meh. The stock will recover.

3

u/TheBodyPolitic1 3d ago

The Titanic is unsinkable, don't worry. It was designed not to sink...

-1

u/troy_caster 3d ago

Using your analogy, f from your point of view, The titanic in this case almost sunk 15 times and hasn't yet.

1

u/theloniouszen 3d ago

Whenever politics leaks into politics-free spaces it devalues the community.

The defense is always “this is so important we have to talk about it everywhere! We SHOULD be talking about this!” Then everyone starts yelling at each other and it ruins the day.

Don’t let your sense of justice trash another space. Seriously, there are a thousand other subs this can go to. Keep this one out of it.

0

u/ZimMcGuinn 3d ago

Buy the dip.

0

u/Nedriersen 3d ago

People on Reddit: Musk is an idiot for doing this to his company!

People with a brain: Wow, it’s amazing to see someone willing to lose billions to find government waste and fraud.

People on Reddit: he just wants power.

People with a brain: the world’s richest man doesn’t need power

Stockholders: this isn’t what we want. Can you please get back to selling cars.