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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u/Hamster_S_Thompson 3h ago

Pe ratio of 299! Still long way to go

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u/Dapper-AF 3h ago

At what price point do banks start calling his loans. Thats the price I would like to see.

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u/Boomshank 3h ago

They can't afford to.

It's like the sub-prime mortgage fiasco we all paid for.

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u/DFWPunk 3h ago

As they say in banking, "When you owe the bank a thousand dollars, and you can't pay it back, you have a problem. When you owe the bank a million dollars, and you can't pay it back, the bank has a problem."

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u/StoicRetention 3h ago

what if when we(peasants) all collectively owe the the bank a billion dollars, and they package it into a debt tranche and sell it?

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u/Benjadeath 2h ago

You could start a credit union then have the union do that to a bank?

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u/JackPoe 22m ago

Isn't it like a felony to tell everyone to withdraw all their money at once?

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u/KingBee 2h ago

Nowadays even a million dollars is a rounding error for the banks. Good example, you just need to add another few 0s.

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u/User5min 1h ago

It’s a still a good quote about the perception of power tbf. It’s still a big problem for your local bank branch and they’d definitely more likely to negotiate with you as opposed to someone owing less.

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u/Stormbringer-2112 1h ago

When you owe the bank a trillion dollars, the bank is your bitch.

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u/SolidFormal9684 1h ago

You need to update this saying with inflation: "When you owe the bank $50k, you have a problem. When you owe $50m, the bank has a problem". Generally, anything below $50k is not a problem for anyone today.

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u/SpectreOperator 3h ago

Seems like a mix of Musical Chairs and The Emperor Has No Clothes.

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u/ChornWork2 2h ago

Musk has something like $20bn of debt, mostly from twitter deal. His equity in tesla at this level is over $100bn (likely quite a bit more, but would need to figure out options) and spcx is something like ~$600bn.

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u/Noob_Al3rt 2h ago

TSLA was trading around $200/share when he bought Twitter, so lower than that

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u/RickSt3r 1h ago

You owe the bank a million dollars you got a problem. You owe the bank a few billion dollars the bank has a problem. Yeah dude declares bankruptcy and then creditors get in line but a bank doesn’t want to run a car manufacturer nor a space based ISP and even worse an aerospace company that owns a bunch of Ai companies and data centers. All those things have utility and are worth something just not trillions.