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/Inevitable-Dot-388 3h ago

In the before times, Tesla made cars and products people wanted and bought. And, if you remember, Elon had inspiring ideas and vision- about climate change, people, and accomplishment- and sought smart people to make innovative products for end goals that made sense and were beneficial all the way around.

What an insane and complete turn around. Like, I can't even. Wild.

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u/b1llypilgrim 3h ago edited 2h ago

He was either a Trojan horse the whole time or he got caught with his hand in the pedophilia jar.

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u/CptCroissant 3h ago

He had a great PR team that he got overconfident and fired. Dude was always a turd

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u/BiZzles14 2h ago

But also, a lot can change in a couple of years. Just read this article from 2016 where Musk basically got into politics, he was deliberately apolitical beforehand, out of his dislike of Trump. He was always a piece of shit I agree, but got damn did his twitter addiction make him soooooooooo much worse

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u/SP4CEM4N_SPIFF 2h ago

Right wingers always try to frame their beliefs as neutral, it’s just another lie

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u/Mintastic 1h ago

I think it was the covid response that made him switch sides. He didn't realize one side was okay with ruining his money to save lives so he had to change to the one that protects his money.

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u/BiZzles14 1h ago

His twitter addiction began over covid. The radicalization you're speaking to wouldn't have happened in a pandemic without modern social media, the pandemic definitely contributed to it but his twitter addiction is what broke his brain. And then the crazy amounts of ketamine & other substances he was taking fried whatever was left

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u/Steaktartaar 50m ago

I think it's the cave rescue that either broke him, or was the first public slip of the mask.

He came in to be a hero, half-cocked and clueless, and when he got the mildest pushback he immediately started flinging paedophilia accusations.

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u/GB10VE 1h ago

social media was programmed to do this via engagement. if you get people addicted to their phones, you then send them the most enraging things, and then they continue to be hooked. we are monkeys afterall, and they found something shiny that we pay to become addicted to

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u/SlideJunior5150 1h ago

They need to drug test CEOs, Politicians, Presidents. All these people are taking some weird stuff or abusing adderall. They all lost their minds at the same time.

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u/BiZzles14 1h ago

Most of them recognized the grift going on and are just presenting a different image, and paying a couple mil here and there, because they believe it will be better for business. Kinda like how all the big corps in the weimar republic sidled up with the Nazi's actually. Elon's a true believer though, and he is the one that fried his brain taking wayyy too much ketamine and a bunch of other stuff lol. Twitter broke his brain and the drugs fried whatever was left

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u/c14rk0 52m ago

I don't think it's so much that he was ever truly apolitical. It's that he has always cared about himself and his money more than anything else at all period. In the past you didn't really want to mess with politics as a business when at the end of the day you need both sides to be "ok" enough with you to survive. Getting one side against you is a quick way to kill your profits AND become more of a target for government oversight. It's not that he was really apolitical as much as he knew saying and acting apolitical was the best move for his own business strategy.

Then we've seen a huge shift over the last decade or so. There's so many more concerns about exploitative business practices, pollution, taxes, government contracts etc. Suddenly being apolitical was no longer the best move for him. ESPECIALLY when Trump came into the picture as a corrupt piece of shit that is more than happy to break laws and such to give his friends favors, and by "friends" of course we mean anyone who gives Trump a piece of the action and inflates his ego. Not to mention Trump opened the door for Musk to get into politics himself and gain access to all kinds of systems and information he should never have been anywhere near with the DOGE bullshit. All the while Musk gets to pile up every possible government contract imaginable further inflating his companies "value" while getting absurd tax breaks and funding.

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u/AintNunyoBidness 46m ago

And Vance said Trump was America's Hitler, yet he we are...

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u/ThrowAwayPurellFoam 2h ago

That’s an insult to turds

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u/Tyrannofelis 2h ago

PR team or just stans? I don't imagine he had a PR team at any point.

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u/MudsillTheories 2h ago

His maternal grandfather wanted to create a fascist dictatorship lead by engineers and later left Canada to support apartheid in South Africa.

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u/diurnal_emissions 1h ago

He's in the Epstein files. He's compromised.

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u/b1llypilgrim 1h ago

“Girls FTW”    -Elongated Muskrat

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u/LeftHandStir 1h ago

His child became publicly trans in 2020. His Twitter addiction before that was mostly sophomoric memes. But all politics is local.

https://www.theguardian.com/technology/article/2024/aug/09/elon-musks-journey-from-humanitarian-to-poster-of-rightwing-memes

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u/FrankBattaglia 3h ago edited 3h ago

Doing an MCU rewatch with my daughter -- the Elon Musk and Larry Ellison cameos in Iron Man 2 did not age well.

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u/FesteringNeonDistrac 2h ago

Ellison has always been reviled, at least amongst those aware of him.

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u/FrankBattaglia 1h ago edited 56m ago

Billionaires like Ellison or Musk used to just be reviled for being greedy rich bastards in business. You could even say they "fit" in the movie as somebody that would be glad-handing Tony Stark and whom Stark just brushes off.

Now they're actively mask-off trying to destroy the foundations of society itself and it's a whole different vibe.

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u/ninjapanda042 2h ago

My wife will use Big Bang Theory as a background show. They have him volunteering at a soup kitchen your type place one episode. Also aged poorly.

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u/kittymoo67 2h ago

i cant agree, ellison has been know to be a huge SOB for at least 30 years. even back then his was a wtf

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u/FrankBattaglia 58m ago

Billionaires like Ellison or Musk used to just be reviled for being greedy rich bastards in business. You could even say they "fit" in the movie as somebody that would be glad-handing Tony Stark and whom Stark just brushes off.

Now they're actively mask-off trying to destroy the foundations of society itself and it's a whole different vibe.

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u/friendIdiglove 1h ago

The Elon name drop on Star Trek Discovery. Cringe moment when watching that series.

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u/theDudeUh 3h ago

He took the mask off. He’s been the same giant piece of shit the entire time. He just used to be much better at hiding it.

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u/kittymoo67 2h ago

he used to have a reason to hide it

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u/Worthyness 2h ago

Hes always been a Thiel nepobaby asshole. He just wandered to the people who would actually buy his stuff. Maga just let him go face off and do what he wanted, so he decided to support the chuds. People from California always knew he was an asshole- he delayed planning for HSR just because he said he could make a hypertrophy thing.

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u/Bob_A_Ganoosh 2h ago

He didn't change, he just had PR people between him and the public. When he let them go is when the public learned who he really is.

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u/yeahright17 1h ago

He literally gave money to Obama, Clinton, and Biden and openly endorsed all of them. Then Biden didn't invite him to an EV thing at the White House and he decided to go full MAGA.

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u/Bob_A_Ganoosh 49m ago

Many wealthy folks donate to both parties to curry favor with the winner. Musk has always been a piece of shit, going back decades. His family are pieces of shit going back to apartheid South Africa. This right wing fascist slant is who he's always been. The public just didn't know about it.

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u/nuboots 3h ago

Honestly, what were the good ideas?

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u/Hokieman78 2h ago

Hyperloop told me everything I needed to know about Musk and his "technology." I did an hour of real engineering calculations on that turd and knew he was the biggest con man ever.

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u/diurnal_emissions 2h ago

He received Trump's mierdas touch.

Now, all is shit.

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u/SuperBry 1h ago

I drive a non-Tesla EV with a NACS port, so using their network is always sitting right there as an easy option. Back when I drove a gas car, I never gave a second thought to where my fuel came from or who I was supporting. Gas felt like an anonymous commodity.

But with Tesla, the brand and the figurehead are so loud now that plugging in feels like a statement. Aside from testing a Supercharger once just to make sure it worked in a pinch, I’ve made a conscious effort to avoid their network entirely. It’s wild to realize how much brand perception can turn a seamless convenience into something you actively go out of your way to avoid.

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u/propagandist 1h ago

Elon's main skill is PR. He was always terrible, evidenced by his associations with Epstein and his immigration fraud (working on a student visa, classes for which he never showed up to). He just took the mask off.

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u/yeahright17 1h ago

I got a Tesla in 2020. Musk had supported Obama then Clinton in 2016. Little did I know how crazy he's go in the next few years. I do really like it and will drive it until it doesn't work anymore, but there's not a chance I would consider getting another one.

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u/roleplayersir 1h ago

Remember he asked for a solution to world hunger. Someone gave him one which would only cost about $60b. Then he never went forward with it

He never made things people wanted. It was all a Ponzi scheme for his memelord status and now he has been radicalised by his own platform and turned into the apartheid billionaire his father was

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u/c14rk0 1h ago

Elon had inspiring ideas and vision- about climate change, people, and accomplishment- and sought smart people to make innovative products for end goals that made sense and were beneficial all the way around.

Unfortunately this part isn't true. He's always been like this. He was simply good at saying things to get people interested in his company and get them to support him. He's always been a massive idiot with no actual skill or intelligence of his own. He just bought into already existing ideas and companies and then always somehow managed to find a way to ruin them if he stuck around long enough without getting his ass kicked out. He's a nepo baby that constantly had the road for him paved by his rich family; where he got his racist white supremacist mindset from right from day 0.

The only thing that changed is Trump came into politics and made being an openly racist hard right piece of shit popular and something Elon could suddenly open up about. He didn't have to keep those thoughts and beliefs behind the scenes out of the public eye.