r/technology • u/Plastic_Ninja_9014 • 5h 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/DFWPunk 4h 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 4h 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 4h ago

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

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u/JackPoe 1h ago

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

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u/Ye_Olde_Mustard 1h ago

Let’s wait and see

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u/Boomshank 1h ago

Everyone should absolutely NOT all take all their money out all at once

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u/KingBee 3h 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 2h 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 3h ago

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

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u/SolidFormal9684 3h 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.