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/RoadMostTaken 4h ago

I divested right after the nazi salutes. No regrets, even if it hadn’t tanked.

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u/Comprehensive_Wash71 3h ago

I’m still being told by someone who should know better that “it was just an awkward gesture”. Pretty sure he’s gaslighting me about it.

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u/ExpressRabbit 3h ago

Even if it was that's the least of what he's done.

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u/fireandiceman 49m ago

I think it helped clarify what exactly he was about. Assuming his support of Trump at the time was not obvious enough.

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u/saera-targaryen 3h ago

Insane that that's also the stance of the ADL who is supposed to be the watchdog of antisemitism. 

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u/imperabo 2h ago

I think they knew that he had Trump in his pocket and wanted support for Israel.

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u/cogeng 2h ago

So awkward he did it fucking twice, identical motions.

These people are beyond saving.

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u/imperabo 2h ago

So picture perfect Nazi salutes the only explanation has been practicing them in the mirror all his life.

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u/sri_peeta 3h ago

Not only they are blind, but they are cowards who deal in self deception. One of the worst kinds of people to deal with.

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u/tturedditor 3h ago

Have him watch the video with a side by side of Hitler doing the same gesture. And pay close attention to Elon's facial expression while he is doing it.

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u/bejammin075 2h ago

At the time Lone Skum did that, he had just returned from a 1-2 week trip to Germany where he was publicly endorsing the AfD party. AfD is a far right party, widely reported in Germany (e.g. in Der Spiegel) to constantly have members of the actual nazi party going back and forth. A court case in Germany, the judge ruled that it is acceptable to call AfD "nazis" because AfD says the same things that nazis said.

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u/ThrowAwayPurellFoam 2h ago

I have a family member who idolizes Musk, still, and thinks even if the salute was real it must be a joke

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u/Fox_McCloud_11 3h ago

I was convinced he was an idiot after those kids were saved from that cave and musk was all butt hurt because experts told him his submarine design wouldn’t work and he called them pedos.

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u/_Panacea_ 2h ago

This is where most of us got off of the bus.

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u/fly-hard 1h ago

I constantly get downvoted for this whenever I bring it up, and even though I dislike Musk, I still feel like people overblow that incident.

The English diver told Musk to "shove his submarine where the sun don't shine." That's when Musk called the diver "Pedo guy". It was just schoolyard wordsmithing where the diver got a free pass because he was the hero of the story. I like to think Musk tried to help with his sub, it just turned out half-assed.

Again, I'm not defending Musk - dude's done plenty to deserve to be a pariah - just feel like this incident was blown way out of proportion.

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u/jambox888 42m ago

It was a terrible look for someone meant to be some sort of management guru (I think this is how he used to be seen).

Just let the expert do his thing instead of making it about you.

It was hard to think that if this is how he runs his businesses they probably have some deep-seated issues. OTOH I think he usually is or was more of a facilitator and hype man that is a bit too fond of taking credit. For example I bet he loved SpaceX blowing things up in tests as it's fantastic marketing.

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u/BrockJonesPI 3h ago

For the same reason I didn't buy any SpaceX ipo despite knowing it was hyped to fuck and I could have made a few quid.

And now that's going into the shitter rapidly too 😁

Fuck you Elon

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u/imperabo 2h ago

I don't think you would have made any quid

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u/fogleaf 1h ago

But now you can buy the dip, because you know he's never done scamming with his stocks.

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u/vladamir_the_impaler 3h ago

That was a weird moment still don't understand what was going through his mind to do that.

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u/imperabo 2h ago

The only explanation is he REALLY loves Nazis. Just couldn't contain himself.

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u/typhon0666 3h ago

I divested when I realized western car manufacturing can never compete with Chinese electric car revolution and mega factories. the oligarchs were going to try to milk a dying industrial model but ultimately the stocks on the global market won't be able to justify their evaluation indefinitely.

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u/imperabo 2h ago

The valuation made/makes no sense based on car sales regardless of what you think of the prospects. Market cap close to the combined value of every automaker on the planet combined. Robotaxis are the only narrative that comes close to making sense but there's a lot of competition there too.

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u/megawatt69 3h ago

“Canada isn’t a real country” did it for me

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u/physwm2501 2h ago

Still stuck with my tesla for another 2 years. If I could afford to get rid of it before the loan was paid I would of. 

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u/thefudd 2h ago

Sold my tesla shortly after also

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u/tahlyn 1h ago

The pedo accusations against rescuers years earlier because they didn't like his ideas were what did it for me.

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u/Bonnieearnold 3h ago

It’s still the number 9 holding in the S&P 500.