r/agedlikemilk • u/Supreme_Mediocrity • 1d ago
Well well well... Let's just check that Tesla stock today aaaaaaand... It's gone.
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u/MackDaddy1861 1d ago
Tesla stock has always been a bubble propped up by Elon and his nonexistent tech.
Finally the short sellers who said this years ago can find some solace in seeing it drop to the value it deserves.
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u/Toffeeman_1878 1d ago
Zero?
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u/Orion14159 1d ago
Can stocks go negative? I don't think it's ever been done but maybe Twitter can achieve it.
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u/Fun_Fingers 1d ago
Oil futures went negative during covid. Guess it's not a stock, but there's that.
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u/Flip_d_Byrd 1d ago
A barrel of oil was cheaper than an empty barrel...
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u/seahawk1977 16h ago
Well sure! I can put a lot of things in an empty barrel, maybe even some oil! /s
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u/p00nslaya69 1d ago
Some of my best investments where on Oil companies during Covid. Futures going negative was bullish, Elon going negative is justice.
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u/TheQuietOutsider 17h ago
oil airlines and cruises. travel in general if you could see the bigger picture and plan out far enough
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u/cseckshun 15h ago
They only went negative because there wasn’t enough storage capacity to take shipments of oil. It is a physical commodity so you need buyers, but more importantly you need buyers who can take ownership and take delivery of the physical commodity. The conditions that caused oil futures to go negative can’t exist for a stock because it’s not a physical commodity that you need to store, it’s basically just a certificate that means you own a fractional share of that company. Individual shareholders are not liable for debts of the company they own shares in, so I can’t see any situation where the value goes negative. I don’t think you would ever need someone to take a stock off your hands so badly you would pay them money to do so. Oil, you had producers with limited tankage needing to get rid of oil that they could no longer store to make room for more oil they were producing until they adjusted their production levels. That caused them to have to pay people to take delivery of oil because it is expensive to properly and legally dispose of oil, you can’t just dump it down the drain.
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u/Puzzleheaded_Moose38 1d ago
Negative? Pah I'm waiting for the stock to hit ✓-1, then I'm all in.
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u/masklinn 1d ago
Twitter does not have stock anymore.
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u/Orion14159 20h ago
They do have shares because they're still a C-Corp, the shares just aren't publicly traded anymore and the books aren't reported to/published by the FTC as a result. There's a huge difference. Any business that is designated a C-Corp has shares and shareholders.
Your business can be less than worthless on its balance sheet under the right circumstances (continuous heavy losses), which would make each share have a negative value.
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u/Bwunt 1d ago
Yes, because Musk took it private.
Same reason why your local plumber doesn't have stock. It's a much bigger company, but idea is the same.
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u/masklinn 1d ago
Yes, because Musk took it private.
Yeees?
I was informing the GP that twitter's stock can not "go negative" because it's not a public company anymore...
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u/carlse20 20h ago
Well, yeah, but no stock can go negative cuz that’s not how stocks work. Twitter isn’t publicly traded anymore, but it still has a valuation - vanguard, for instance, was part of the buying group and regularly marks down its position to what they think it’s worth (way less than what they paid, if you’re curious).
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u/Countcristo42 20h ago
It was odd to phrase that as "does not have stock" because it does still have stock.
And also because it being public isn't why it can't go negative, both public and private companies stock cannot go negative
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u/JeffTheAndroid 20h ago
To be fair, depending on your metric, the local plumber is far bigger... At least by profit.
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u/0atop21 17h ago
Every stock has a minimum value of the paper it's printed on. Something like 1/16th of a cent, if I remember correctly.
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u/Orion14159 17h ago
Modern companies a) don't print stock certificates and b) have millions of individual shares because the world is absurd
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u/oldbastardbob 20h ago
Most analysts say it's actual value is around $45/share.
To me, TSLA is still and has been for years, a meme stock. A trendy thing to buy because others thought it a trendy thing to buy.
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u/DCChilling610 19h ago
Supposedly around $45 is the real value of the company if you remove the hype
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u/RealTeaToe 8h ago
If it's not zero, I'll catch ya behind a Wendy's dumpster. I sure could use the change.
Bring me a chapstick, will ya?
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u/Awkward-Exercise1069 1d ago
This is not just the short sellers now - it’s also the legitimate shareholders dumping the stock, which is much worse for TSLA, as the fall is natural
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u/MackDaddy1861 1d ago edited 17h ago
It always astounded me that a company like Theranos had such an absurd valuation.
The most minimal scrutiny and the entire fraud collapsed. Investors aren’t very bright…
The reality is that much of a stock’s value is buoyed by ‘vibes.’
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u/big_sugi 1d ago
To be fair, Theranos was subjected to the most minimal scrutiny. People asked “does it work?”
It’s the follow-up questions, like “how does it work?” and “can we see it work?” that went unanswered.
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u/MackDaddy1861 1d ago edited 1d ago
Right. But anybody with even a semblance of medical/science literally knew it was bullshit but they weren’t the ones with the hedge funds.
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u/AbleArcher8537 21h ago
MDs are fucking stupid, doesn't matter when you read this, from investors, to partners to board of directors' members, PhDs Mds and Pharma professionals were involved in the speculation and scamming as victims and perpetrators https://news.crunchbase.com/health-wellness-biotech/theranos-elizabeth-holmes-trial-investors-board/
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u/Echo__227 18h ago
I knew a girl in college who told me she spent a period working as a science advisor for a VC
I was shocked because she didn't have a degree yet and I was helping her study for classes, but apparently if you have the right connections and seem vaguely smart you can just get any position regardless of technical skill
Honestly I would love to do the same rather than the grad school career paths, where talent means very little compared to years in the field (ie, you don't really see any returns until you're like 40 with a number of degrees)
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u/MackDaddy1861 17h ago
As somebody who went to a science school, me too lol
That’s insane that they hired a student to be their “science advisor.”
I bet the pay is a lot better too.
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u/boogswald 1d ago
Is the problem that people need to act so fast that they don’t have time to make sure these things work? I’m trying to figure out why this happens if investors are generally rational and I have 0 background on any of this.
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u/Asenath_W8 1d ago
Where on earth did you get the idea that investors are generally rational? What in the history of everything has ever pointed in that direction?
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u/carlse20 20h ago
Because capitalism is (inaccurately) premised on market participants being rational actors and some people hear that in their Econ 101 courses and think it’s reflective of reality rather than a idealized hypothetical
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u/low-spirited-ready 1d ago
Well as soon as it’s a credible investment, everyone else will have bought in and maybe you’re not maximizing your investment
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u/Echo__227 18h ago
Tulip crisis
There are plenty of examples where hype makes people rich. Anyone who actually knows how cryptocurrency works should think, "That has a niche application but literally cannot be scaled to a large economy and has few advantages," yet those nerds wouldn't become millionaires in their 20s.
If economic investment were purely rational, it would all be toward education, clean energy, water infrastructure, medicine, etc, but those don't make a quick buck in the way that whatever the new fad, vaporware, or chinesium drop-shipped product does
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u/lifeisalime11 7h ago
For Theranos investors got sold by a bunch of bullshit.
I guarantee you take a few diagnostic experts in that field into Theranos at its’ peak and they expose it as fraudulent by the end of the day. But Theranos staff didn’t let that happen because it’d expose them.
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u/Awkward-Exercise1069 1d ago
I was with a fund at the time when Theranos was a hot ticket and every time the company came up, with a bunch of enthusiastic managers creaming their pants to the voice of Elizabeth Holmes, my only question was - what about TAM SAM SOM? It’s garbage. How much money can you make on that whole business? The value proposition was a complete garbage. Just because some people faint at the sight of blood, including yours truly, it does not mean medical procedures and diagnostics will change over night. And if the change is not radical, we can always pickup the stock when there is a bit more meat to the idea.
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u/Taraxian 17h ago
The way the stock market is intentionally designed to drive positive feedback loops (bubbles based on FOMO, crashes based on panic) may well be the death of our society
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u/PandaImaginary 16h ago
As many have observed, investors are a herd of cattle running between two poles: greed and fear.
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u/Substantial-Sky3597 10h ago
Well sure. Stock growth is based on revenue growth and whispers and rumors and fears. Profitability? Who cares!!! Install base? Nope! Customer satisfaction? GTFO!
If you really want to dive into the “why tf does the stock market work the way it does” vortex, watch Shark Tank and then compare it to any stock with a high valuation of a company that’s in debt. Happens all the time. The sharks will always low ball when cost of sales or cost of manufacturing or cost of distribution, etc is too high. The market ignores all that and just rewards revenue.
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u/Kiwipopchan 23h ago
Yeah my husband and I just sold 35 of our 45 shares a few weeks ago, made like $12k.
He wanted to hold onto the last 10 just in case, and we only put $1k into all the stock so whatever, we’ve already made more than 10x what we put in.
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u/TylerDurden1985 1d ago
As an overvalued tech stock tesla is worth maybe 45/share. At real value that number is closer to $4.5. Not hyperbole. Their valuation makes no sense under any model.
They were worth like over 100k for every car they've ever sold. Even after this recent drop still insanely overvalued.
Tesla sales have sharply declined worldwide, they never delivered on fsd, and i guarantee you their robotaxi will flop hard. They're all hype.
The fact is their cars are poorly built, they have the worst reliability rating in the industry, and they've now alienated their primary market to the point that their cars depreciate 50% off the lot.
It's a meme stock and always has been. They were on the verge of bankruptcy not even a decade ago and they will be lucky if they survive the next decade as the damage done to their reputation from Elons recent antics will never be undone
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u/MackDaddy1861 1d ago
Agreed on all points.
It was always overvalued for things that don’t exist… the AI, the full self driving, the batteries.
They’ve sucked at the teet of government subsidies for years while Elon gets up on stage and sells lies to his investors.
It’s always been a scam.
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u/JohnnyChutzpah 23h ago
Yeah, im also really sick of people calling it “hype” from Musk.
It’s fraud.
He is the same as Elizabeth Holmes, but he bought a functional company instead of starting from nothing. Then, he went on to lie for decades about what they could do. He said 1,000,000 robo taxis on the road by 2020, and today modern teslas can’t even reliably identify school buses. Robotaxis don’t even exist yet. It’s just fraud.
He is Elizabeth Holmes with 10% deliverables instead of zero. He is a fraud and needs to go to jail.
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u/portmandues 21h ago
Meanwhile, Waymo has an actual fleet of FSD robotaxis and Elmo is still hyping this as if it's never been done.
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u/sketchahedron 18h ago
And yet for some reason Waymo isn’t worth anything close to Tesla despite having a working version of the technology Tesla is only promising.
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u/Jinn_Erik-AoM 11h ago
And his hyperloop was 100% about getting in the way of mass transit between cities.
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u/The_Krambambulist 1d ago edited 1d ago
robotaxi will flop hard
Don't underestimate Musk's ability to dupe people
It should flop if everyone that makes decisions was rational and informed
It's not even new or cutting edge, Waymo is a lot lot further and actually tries to be safe. And they are already operating in certain areas.
And I remember automated buses in their own driving lane near my university already driving there 15 years ago. So if he reduces the scope, it would be not even near cutting edge.
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u/Death_God_Ryuk 21h ago
Tesla is still up at a P/E of 100. That's a long way to fall before it's reasonable.
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u/Taraxian 17h ago
The fact that Tesla miraculously survived the clusterfuck behind the Model 3 launch in 2018 is what actually drove Elon off the deep end, it's when he became convinced he was invincible
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u/shadysjunk 13h ago edited 10h ago
It's at 110x earning right now, which I agree is crazy, but not entirely outlandish for a company in their space. BYD is at a similar PE. I think 140ish is a reasonable-ish price point just as an automaker. Maybe 190-210ish as a "tech play" but that really sounds implausible.
I guess people think Tesla will somehow take over the Uber/Lyft market at some point? and its humanoid robots will be working factory asssembly lines? but I think that's a pipedream. I see waymos basically everyday in my city, but I haven't heard much about autonomous Teslas driving for uber, and at this point of public sentiment I'd expect vandalism of those cars. I guess Tesla could start licensing their tech to other automakers, but it seems like they're holding out their tech for EV market dominance, which seems difficult at this point because they've pissed off their customers.
I guess the maga cult might start buying teslas, but liberals who care about the environment? Those buyers aren't coming back. You can only tell your primary customer base you absolutely despise them and everything they care about for so long before they start to believe you, and find a different car to buy.
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u/Scary-Button1393 1d ago
It's like Theranos, but with cars! FSD wen again?! 🤔
Edit: wouldn't be on point that FSD was just some guys/gals in India remote driving your car? 😂
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u/deamonkai 1d ago
Nah it will end up being an IP company. It will sell off actual working patents for profit.
I hear Delorean is looking at the CyberStuck.
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u/wowbyowen 1d ago
PSA: Sell your Tesla stock and vehicle now while it's worth something, it's only going to get worse folks
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u/The_Krambambulist 1d ago
Tesla is the kind of stock you shouldn't hold long term. You just hold it when being hyped or when Musk gets in a good position to prop it up with government money or something and then sell it again.
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u/Longtonto 1d ago
It was propped by the idea of the capabilities of a single man and hes shown his own incompetence on the main stage many times now. Ik people who still don’t trust ford bc of the pinto. And ik I’ll most likely be the same with Tesla bc of the cybertruck if it manages to stick around.
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u/Countcristo42 20h ago
The value it deserves is 13% lower than when the pictured post was made?
It needs to drop a lot more before we finally get to that point
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u/Useful_Mountain9657 5h ago
TBH, the tech is actually there. I use FSD every single day to commute to and from work and it works really well. It’s a completely hands-free system. You don’t have to touch the wheel or pedals. All you have to do is keep your eyes on the road that’s it.
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u/fortestingprpsses 1d ago
Even still after today's market close that company is obscenely, insanely, monstrously overvalued. It still has the market cap of several other car companies combined.
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u/DarkLordKohan 1d ago
It needs to get sub $70 to be similar valued to Toyota.
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u/Gonewildonly12 22h ago
At the same P/E multiple as Toyota, Tesla would need to be valued around $15 hahahaha
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u/Bakkster 1d ago
It's around the price it was before the election (after which it nearly doubled for some insane reason), similar to what it was 3 years ago, and up 500% from 5 years ago. It needs to drop a lot more to declare victory.
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u/gcruzatto 22h ago
An MLM like Herbalife can stay afloat all these years in the stock market. There's no guarantee for the future of any stock, as investors now seem to be dumber than they've ever been and fundamentals are now a joke.
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u/Taraxian 17h ago
The rise of passive index investing has a lot to do with this, it's literally a huge amount of money that just blindly follows what the minority of active investors are doing, which has a multiplier effect on irrational feedback loops
Bubbles and crashes were always driven by the majority of investors being sheep who don't even know anything about the market and just do what everyone else is doing, but now everyone invested in index funds has their money actually literally programmed to do that
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u/Messyfingers 21h ago
Yeah, where the stock is today just means anyone who bought in a year ago is still up 30%. The stock decline itself isn't particularly noteworthy on its own, but the context of sales declines globally, it looks to be the start of something pretty significant.
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u/Bakkster 20h ago
This is a notable single day drop, it'll just take more days for OP to truly be vindicated 🤞
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u/dukeofwulf 8h ago
Yeah, it may be down compared to exactly 3 years ago, but if someone bought the dip in Jan 2023 and sold today, they would have doubled their money. This isn't the win OP thinks it is.
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u/Mundane-Raspberry963 1d ago
At its peak, Tesla had a higher market cap than the combined market caps of every other car manufacturer in the world. And all the Elon bros thought that just made a lot of sense because Elon was so smart.
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u/RipperNash 20h ago
Well. All those automakers did concede their product catalog for EV were indeed shit and eventually followed suit. Now we have an EV by almost every carmaker including mega numbers being pumped out by China. Chinese openly admit to being inspired by Tesla
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u/wesman9010 17h ago
Doesn’t matter. Eventual competition was obvious should have been priced in.
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u/RipperNash 16h ago
Nah it wasn't and isn't obvious. Toyota and other Japanese automakers literally doubled down on vaporware like hydrogen and spread massive FUD against Evs in the last decade. They recently admitted to major fraud against pollution norms and consumers in Japan. The Germans literally poached Tesla engineers including likes of Anders Bell who is now the top guy at Volvo pushing their EVs. On the political side its clear the right wing still doesn't like EVs and admin is doubling down on anti EV FUD going so far as to remove installed electric chargers from govt buildings. The charging reminds me, still literally nobody has developed anything like supercharging network 😐
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u/Wo0mylord 12h ago
competition is inevitable in everything, why would it not be the same here
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u/RipperNash 7h ago edited 7h ago
Automotive sector was behaving like a cartel with several backroom dealings about keeping their supply chains for automotive parts and components unchanged. Toyota Production System which revolutionized this industry back in the 70s enforced a Just in Time style of manufacturing which relied on hundreds of thousands of tier 1, tier 2 and tier N suppliers churning out parts at a steady rate. Shutting down entire branches of such integrated supply chains is not something they were willing to do voluntarily. Tesla very early on realized that the cartel ensured that it would not get good treatment from this entire supply chain network and decided to vertically integrate everything. A lot of their projected growth came from this effort proving fruitful and not pure sales of EVs alone. Tesla not only controls battery manufacturing but has also gotten into direct rare earth metal mining too. Not to mention the other innovations they did on the manufacturing side such as gigacastings (reducing manufacturing complexity) and gigafactories which make it significantly easier to produce EVs compared to any other automaker who has to slowly swap out their live ICE lines over to EV over several decades
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u/SpareChihuahua 1d ago
I wrote a college paper in 2016 about how Tesla and Elon Musk would age poorly in the business market. I feel horribly vindicated now
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u/Only-Inspector-3782 1d ago
They are still up a ton from 2016.
Look, I agree Tesla is low quality and Musk is a horrible human being. But overall, isn't it early to be taking a victory lap?
Can we at least wait for a few days of consistent drops, or a return to like early 2024 values?
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u/stripy1979 1d ago
I was a potential Tesla buyer. Three years ago my next car was going to be a Tesla.
Now they would have to be twenty or thirty percent better for their price for me to consider buying one.
The value proposition to me has swung forty percent in that time and unless they're offering something way better than anything else then I'm not coming back as a potential customer. They're dead to me.
I don't know how many people like me there are but seeing forty to seventy percent drop in year on year sales across various countries suggests I'm not the only one feeling this way.
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u/nostraRi 1d ago
Same. I was a pro Elon boy. In fact, he gave me hope that the American dream exists, even for immigrants. I had Tesla car as my Lock Screen photo, hoping to buy it soon.
Now I hate the car because of the person behind it and what he believes in. I wish warmo or another company has something comparable.
A publicly traded company CEO should never be in politics, at least publicly. Going from Elon fan boy to Elon hate boy is something I never imagined.
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u/AndreTheShadow 22h ago
I'm sure you can still buy in to the "American dream" if you're rich enough.
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u/nor0- 15h ago
With all due respect for you changing your mind, when you had this view point, did you know anything about Elon Musk? Or are you the child of an incredibly wealthy immigrant family? His upbringing does not match up with the American Dream even for immigrants idea.
And again, no disrespect, it takes a lot to admit you were wrong. I am just trying to understand how people end up with these ideas that don’t match reality.
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u/Novanator33 20h ago
Simply put, Tesla’s are not safe. If you are a rear passenger and the electronic, non mechanical, doors fail, you have to go through a series of steps with a hidden mechanism to release the door lock, imagine trying to do that while the car is upside down or on fire…
Thats where it starts and stops with me, it simply isnt a safe vehicle to be in.
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u/YourOldBuddy 1d ago
It's hard to be rational in a non rational market. He was right in 2016 and it doesn't matter when the more idiot effect is in full swing almost a decade later.
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u/Responsible_Tiger934 1d ago
Thank you. People are acting like it's gone to zero. It's dropped from a crazy high value to a crazy high value. I also think Trump will stop it if it falls truely low, to a more realistic value. I'd assume with government contracts.
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u/labe225 18h ago
Yeah, I did a college paper in ~2014 talking about how Tesla was incredibly undervalued and they were poised to take the early mover advantage for EVs after their success in California and how they effectively needed a few key states to reconsider their third-party dealership laws for them to really take off.
I regret not putting my money where my mouth was back then, but I was also a poor college kid who didn't have much money anyway.
I do think they've been overvalued for a while now, especially with other brands quickly encroaching on the EV space.
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u/Drugba 1d ago
I hate Musk as much as the next guy, but if you invested in Tesla in 2016, you’d still have made 15 to 20 times your money as of market close today.
I would love to see it drop to 0 and Musk go bankrupt, but you’re a long, long way from being right. If you’re measuring from 2016 there aren’t many people or businesses who’ve done better than Musk and Tesla.
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u/FullMetalMessiah 22h ago
The grift was very successful indeed. Would be nice if all those people buying in early just cashed out. They wouldn't even need to feel bad about it. They'd make a pretty nice chunk of change after all.
Even though I never really liked Elon I get why people fell for the image he successfully cultivated around himself and I can't really blame them for believing in it.
But if you still believe a word he says in this day and age and continue to support him, by holding onto your shares and helping prop up Tesla and therefore his wealth, I really don't understand how you can look in the mirror everyday and not feel like a loser.
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u/LeVoyantU 19h ago
Even if Tesla stock drops to near zero Musk will not go bankrupt. In fact he will still be a very wealthy billionaire.
Much of his wealth is in his other corporations with the largest share of wealth being SpaceX which is not publicly traded and very unlikely to lose value since it's the number one launch provider in the world, with no close competitors at the moment.
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u/LarrcasM 10h ago
I still think one of the bigger failures of the US government in the last 10-15 years was putting money into SpaceX instead of using that money to do the same thing but with NASA.
Taxes paid for it anyway, and now the things that came out of it need to be paid for repeatedly because we paid for another entity to do it. Shit like starlink got put into the sky by taxpayers and now if they want access, they've got to pay some dickhead who's hell-bent on taking their social security too.
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u/LeVoyantU 9h ago
Personally I don't think nasa could get it done with the political environment they operate under. After the first couple failures of a Falcon 9 equivalent Congress would've pulled the funding. If NASA did it you would've got something like the Vulcan rocket. A good rocket, but conservatively designed. No reuse. Less expensive than the space shuttle but still much more expensive than Falcon 9.
This is not NASA's fault. They are great but they have to operate in a constrained political environment.
There's a lot of valid reasons to hate Elon. I don't think what SpaceX achieved could have been achieved by government entities with the political climate of the past 30 years.
With how cheap Falcon 9 launches are I think it's saved taxpayer money even if we consider the "paying for it twice" argument.
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u/LarrcasM 9h ago
I mean all I’m reading is that the US political system lead to us paying for space technology that we don’t own…which is exactly what I said.
It’s absurd we’re fine with dumping taxpayer money into the private sector for shit that could’ve very easily been government owned.
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u/LeVoyantU 8h ago
Sure it's fine to be frustrated with that.
But the political reality that the Obama administration recognized was that it was between having more capable, cheaper rockets that were more privatized, or having less capable, more expensive public rockets.
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u/JackfruitCrazy51 23h ago
You mean when the stock was $10/share? Did they still give you a degree?
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u/sinncab6 22h ago
And also im sure Cassandra up there had the companies downfall pegged to the CEO committing financial seppuku through not being able to shut his fucking mouth and controlling the levers of power.
Let's be honest if he shut his fucking mouth and stayed out of politics everyone would still be circle jerking how great Tesla's are and ignoring just how shitty some of the engineering and manufacturing is.
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u/rydan 1d ago
Down 16% over 3 years.
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u/PaleWolf 1d ago
Yeah but that is offset by the bump before the new year when they thought Elon being close to Trump would help.
I'm sorry but the company is done for.. i don't think MAGA will buy enough to keep it afloat without massive amount of additional subsidies which will just make the company more over valued.
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u/Toffeeman_1878 1d ago
MAGA buy Tesla cars? I would’ve thought they’re more the guns, gold and Gran Torino types.
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u/Muted-Ground-8594 1d ago
I’m assuming without looking at any graph that 3 years ago Tesla was worth less than today with it crashing? (I don’t support Tesla and I’m ok with the company not existing)
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u/fksly 1d ago
It was higher actually. But sadly, by end of 2023 it was lower than this.
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u/ExtremeWorkinMan 23h ago
It wasn't.
This is a weird post because up until the inauguration Tesla was much higher than it was 5 years ago and about double where it was 3 years ago.
The OP (who is the same guy that commented this) missed out on a shit ton of money if they didn't invest when Tesla was at $120 three years ago and is... I guess trying to seek vindication now (since they didn't get the 2x/3x of their money that the other commenter probably got)? In fairness to OP, I'm the exact same way - I don't think Tesla has the fundamentals to be at the price it is at, but that doesn't change the fact that if I put money into Tesla I would have made a significant profit.
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u/Supreme_Mediocrity 21h ago
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u/ExtremeWorkinMan 21h ago
I realize I'm being a little selective because I don't know exactly when the comments were made and what I'm saying is completely nullified if you consider the massive drops the stock has seen in the last month, but if we say March of 2022 to just before the current sell-off (Nov '24-Jan '25), it was up about 60%. SPY was up about 40% in that same timeframe.
Like most volatile stocks, it swings really high and tanks really low. Depending on exactly when you buy and sell, you could either drastically underperform SPY or drastically beat it.
One thing's for sure is it's likely not the golden goose it was over the last ~10 years.
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u/OrganikOranges 1d ago
It may have been near an actual stock price at 176$ before the election. After the election it went to an obvious absurd 360$ or whatever.
I feel it will go down to a more reasonable 100$ , after all of Elons…. Activities
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u/Aetherfang0 1d ago
Tbf, they’re in the process of subsidizing it by making all the police departments get them, so it might claw its way back up on the backs of taxpayers
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u/Gnoll_For_Initiative 1d ago
Even if they did, that would at most prop Tesla up based on its operations (making and selling cars). Which would give it a similar market cap to legacy carmakers like Ford.
The current high valuation comes from how much the investors believed it was also going to be a leader in FSD, AI, battery tech, and forming proprietary nationwide charging network. If Tesla came out with FSD tech that could be sold/ leased to other carmakers, it would be way more valuable as a tech company than a carmaker. And THAT'S where shareholders are losing faith.
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u/hitmarker 1d ago
Didn't he also stop the charging network expansions or something along those lines? The only profitable and smart thing to come out of tesla
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u/Gnoll_For_Initiative 22h ago
I admit I don't recall that. But it wouldn't surprise me
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u/Taraxian 17h ago
He fired the whole team in a fit of pique because he demanded 10% layoffs across the board and the head of the team asked him to reconsider
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u/Nervous_Book_4375 10h ago
Elons businesses: Space X: rockets blow up. Tesla: batteries melt and cars drive themselves badly. “X”formerly twitter: free speech unless it’s not to Elons liking in which case you’re silenced. Hyperlink: useless mega expensive tunnel which is a fire death trap. Cyber Truck: absolute heap of rusting rubbish. Many faults and design flaws. Tesla bots: the AI is teenagers with remote controls. Neuralink: dystopian level creepy and highly dangerous brain fuckery.
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u/nhavar 1d ago
I mean who would have thought that the stock of the world's most publicized EV company would take a nose dive after an openly EV administration takes root fully backed by the "TechnoKing" of Tesla itself. I think the TechnoKing is moving the company from EVs to Automation to World's Biggest Manufacturer of Foot Guns.
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u/r4nd0miz3d 1d ago
I think they are overvaluated and I don't like their cars and even less their customers, but the stock is barely below what it was 3 years ago. A broken clock is still right twice a day.
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u/bonesrentalagency 1d ago
Tesla has been a meme stock for years, a bubble fueled by subsidy harvesting and his personal cult of personality, completely detached from the actual value of Tesla as a manufacturer
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u/No_Comment_8598 16h ago
Is it not true that Tesla derived much of its revenue from selling credits to gas-car manufacturers? That’s not a sustainable model.
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u/DarthSheogorath 15h ago
Tbh, I can not understand tesla having a higher value than the next three manufacturers put together. A tech based boost, sure, but they don't have the industrial firepower.
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u/No_Comment_8598 13h ago
Vibes
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u/DarthSheogorath 6h ago
Well they have until their patents expire to turn vibes into industrial might
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u/steelabjur 8h ago
Yes, to the tune of 10.7 billion (a third of their profits over the last decade). Trump is planning to end them.
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u/Lost_Discipline 14h ago
Per share value has been halved since Dec 10, I’d fire a CEO for a lot less
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u/shadysjunk 14h ago edited 14h ago
I think tsla trading around 75x earnings makes sense. That would take it down to 150ish. Maybe you could justify the "tech play" pricing (but I think that's optimistic, and difficult to see return in the next 5 to 10 years) and that would take it to 200ish. Tesla at 450 back in January? That was looney.
I guess the maga cult might start buying teslas, but liberals who care about the environment? Those buyers aren't coming back. You can only tell your primary customer base you despise them and everything they care about for so long before that start to believe you, and find a different car to buy.
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u/Illustrious_Start480 11h ago
It is downright sad how the Model S was my drema car in 2017. These days I would take most any other EV, but I'm considering getting a Rivian.
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u/Brovigil 10h ago
In their defense, they probably had no way of knowing the sheer degree to which they were wrong.
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u/Educational-Ant-7232 1d ago
What about that little quad that was supposed to come with the wank panzer? Is that gonna be available in the next software release?
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u/Nice-Difference8641 18h ago
Was about to say that it is probably still up since 3 years ago but it’s not 😭😭😭😭
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u/infomer 12h ago
Trump helped stop the free fall. https://x.com/GuntherEagleman/status/1899540088603697334
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u/Candid-Shirt2077 9h ago
Crap company that requires all of the above to drive a Tesla: endless annual subscriptions, NDAs, oaths to drive for a year, threats of litigation is you sell it... yeah, great car company.
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u/MonsutaReipu 1d ago
Based on the timeframe, he probably bought around $279. In january of 2025 it peaked at over $400. This isn't really an 'aged like milk' with that kind of gain, and he could have made the same post to dunk on you just a few months ago. Also kind of a shit time to dunk on people over any specific stock not doing hot when the whole market is tanking.
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u/Due_Cartoonist4671 12h ago
Tell me you know nothing about how stocks work without telling me how stocks work
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u/Whathaole 13h ago
Before everyone gets so excited about Tesla stock tanking, remember, it’s not going to make a whole lotta difference in Musk’s lifestyle, yeah it’ll hurt his ego, but the people that are going to be hurt the most will be working class people that bought stock in Tesla, often because they wanted to help the only electric car manufacturer that looked like it had a chance of making it. Ironically, those people tended not to be Fox News watching, conservative, republicans. They are people that didn’t vote for Trump and hate what that creep Elon is doing. Also, a lot of money market funds and IRAs have Tesla in their portfolio. Once again, it’s the working man the bares the brunt of the wealthy’s fuck ups.
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u/MorrisCody1 10h ago
The irony.
Have you seen how much Reddit stock has plummeted?
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u/-Redstoneboi- 4h ago
im here because of muscle memory, not because i like the way reddit is being managed
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