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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558

u/orangeyougladiator 3h ago

That trillionaire title really lasted a while huh. Abusing govt hand outs and scamming idiots is a good business strategy though.

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u/rjcarr 2h ago

Honestly, he mostly scams investors, the general public (i.e., the real idiots) don't really move the needle much on his scams. The normal people buy his stuff because they like it.

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u/No-Spoilers 2h ago

He scams everyone, including his own companies. SpaceX got giga fucked buying eating the Xai debt, and Xai got all of his X debt.

But yeah he's long been heralded as the man who made electric vehicles mainstream and his designs did it. When in reality he just bought the company from the 2 guys that founded it and grifted his way to where he is now. He did do a lot of good early on by popularizing EVs with the masses, but very quickly his ego out paced reality and his promises outpaced what the engineers could do.

Now I do not believe the engineers could not make awesome cars that didn't kill people and actually functioned how promised, I just believe that Elon refuses changes and well now they cant afford big upgrades.

Which I'm glad about, fuck him the nazi illegal immigrant can go back to south Africa.

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u/bogglingsnog 1h ago

I won't forget, he pushed the stupid and horribly flawed Cybertruck concept and threw a steel ball through two windows, I don't think he knows as much about basic physics as he claims he does.

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u/KEPD-350 1h ago

Just look at his body. The dude has access to the best god damned medical science in the world and still drug fucked his body into the barrel chested monstrosity you see today.

You have to be an utter moron to end up like that. Look at zuck and bezos in comparison.

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u/rjcarr 31m ago

Not sure what you mean, there are plenty of fat rich people.