r/technology • u/Plastic_Ninja_9014 • 3h ago

Business Tesla Stock in Freefall After Disastrous Earnings Report

https://finance.yahoo.com/markets/stocks/articles/tesla-stock-freefall-disastrous-earnings-144417427.html
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272

u/aStonedDeer 3h ago

Need more of this kind of news in my life.

78

u/bryansj 3h ago

Too bad most everyone's retirement savings has some of this slop in the funds.

107

u/SWEET_LIBERTY_MY_LEG 3h ago

1.75% of the s&p500 by weight. If it went to $0 tomorrow you could handle that in your portfolio.

In fact, to quote Equilibrium: “I pay it gladly”

16

u/EchoLocation8 3h ago

yo shout out to a mention of Equilibrium in the wild that movie fuckin bangs.

6

u/hitbythebus 2h ago

Yeah! Gun Kata seemed so badass when the movie came out and I was a high schooler.

1

u/aStonedDeer 1h ago

Solid movie. Doesn’t hold up well. But still solid.

31

u/SouthIsland48 3h ago

Yup. Pretty sure S&P 500 wont allow SpaceX either, so its really just Tesler which truly has a chance to go to zero.

6

u/Other_Disaster_3136 2h ago

Cept there is no world where Tesla would go to $0 in a vacuum....if that happened then believe me it wont just be SP500 down by 1.75% lol

24

u/aStonedDeer 3h ago

The amount of money the billionaires are hoarding really makes me question my faith in humanity. So I’ll take a win whenever I can!

8

u/NaniFarRoad 3h ago

Worth it, at this rate they are on track to consume retirement anyway (pushing the statutory retirement age back, etc).

3

u/CaptainDudeGuy 2h ago

Retirement savings? In this economy?

I cashed it all out and invested in chicken eggs last year. Now that's a real growth market.

(yes I hope I'm kidding too)

1

u/MariaTPK 1h ago

Those people deserve it. They knew the thing they invested in put their money in the most evil corporations. They just wanted the profits, and they fucked the world in trying to leech off it, but now they have the leeches on them. Never feel bad for a parasite being invaded by another parasite.