Summary

Elon Musk lashed out online Monday as Tesla stock plunged over 15%, wiping out its post-election rally and shedding 50% of its value since December.

Investors worried about market declines, recession fears, and Tesla’s growing controversy after Musk’s far-right rhetoric and mass government layoffs.

Musk falsely claimed Democratic donors funded anti-Tesla protests and linked critics to Jeffrey Epstein. He amplified conspiracy theories blaming arson attacks on Democrats.

Despite his efforts, Tesla’s collapse cost Musk $23 billion in a single day.

  • jballs@sh.itjust.works
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    1 day ago

    Lol he’s so panicked he’s had to order Trump to send a tweet to try to convince right wingers to buy EVs now.

      • GlendatheGayWitch@lemmy.world
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        In Texas, if you have a contract with the state or a school district, you have to sign a contract where you agree not to “boycott israel” whatever that means. So I guess if one was to “boycott israel” while taking money from the state of Texas, that could be considered an illegal boycott.

    • Polderviking@feddit.nl
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      22 hours ago

      So we can add “illegal” to the list of words Trump uses but doesn’t know the meaning of.

    • Souroak@lemmy.sdf.org
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      23 hours ago

      He’s going to go a buy a Tesla tomorrow? I’m pretty sure he didn’t even keep the wrapped cybertruck that was gifted to him by those manosphere podcasters a while back.

    • pzzzt@lemmy.world
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      22 hours ago

      Too bad must people are too poor to afford one! It’s much easier to NOT buy something in protest than to have to actually purchase something.

  • GoofSchmoofer@lemmy.world
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    1 day ago

    JFC I’d actually appreciate the maga version of the Democrats.

    These fictional Democrats are organized, well funded, cohesive and seem to have a great long term strategy for ruining republicans. With an organization like that you’d think that they would be in control of the government?

  • Embargo@lemm.ee
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    1 day ago

    Elon: Does a Nazi salute then proceeds to do Nazi stuff within the confines of the U.S. government.

    Also Elon: Why is everyone picking on me?

  • Optional@lemmy.world
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    1 day ago

    He also circulated a video taken by a customer in their new Cybertruck, writing, “Heartfelt thanks to everyone supporting @Tesla, despite many attacks against our stores and offices.”

    that’s the meltdown.

    It’s RollingStone, btw, whom Yahoo is reposting. This is the Nü “May be collapsing” headline the corporate news sewers need to push. They’re desperate for someone or something to go down so they can claim victory.

    Musk is going to walk away with billions stolen from taxpayers, and he’s not ‘melting down’ for shit, he just Xitted something before dosing himself and it sounds vaguely like something a regular person might have said so they jumped on it.

    • Boddhisatva@lemmy.world
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      1 day ago

      Did you read the whole thing? He also accused wealthy liberals of financing Tesla protests including two that are dead, one for about 5 years. When one of those people told him he was full of it, he replied with:

      Musk replied, “Describe your favorite island vacation,” baselessly implying that Hoffman had visited the Caribbean private island of the late sex trafficker and pedophile Jeffrey Epstein.

      I don’t know if I would all this a melt down, but it’s not that far short of it.

      Btw, Musk should be cautious with this kind of accusation these days considering that his buddy Donnie was a very good friend of Epstein.

      • Furbag@lemmy.world
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        “Describe your favorite island vacation,”

        You know that island they exiled Napoleon to? Is it still suitable to leave a certain billionaire there for an indefinite amount of time, or is it a major tourist destination now? Asking for a friend.

        • peach@lemmy.blahaj.zone
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          24 hours ago

          There seem to be about 5000 people living there now… I wouldn’t want that for them. But I’m sure there’s a nice, sparse, unpopulated island without utilities and internet access in the Hawaiian archipelago for Mr. Musk to spend the rest of his life on. Lisianski Island for example looks great!

          Edit: Or Sentinel Island, the indigenous would be really happy to see him :)

  • tigeruppercut@lemmy.zip
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    1 day ago

    “My actions are directly linked to tanking my company, so I’ve decided to double down on being a nazi.”

    Prime example of how the rich are in their positions because of sheer genius and literally nothing else.

  • Red_October@lemmy.world
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    Let me know when the meltdown reaches the point that we seal him in concrete and bury the container in a cave in the deep desert for the next thousand years.

    • AngryCommieKender@lemmy.world
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      Fun fact: The Nuclear Energy Commission has several ideas on what to do with nuclear waste. Well before The Elder Scrolls: Arena came out, they floated an idea to bury the waste in remote locales, but they couldn’t figure out how to mark it in such a way that would transcend language, since the waste will still be deadly several hundred times longer than any human civilization has managed to last. One of the many ideas they came up with was to cover the sites with what appear to be Daedric Ruins from Morrowind. AFAIA none were ever built, sadly.

      Make America Build Daedric Ruins!

  • Blurry Bits@lemmy.blahaj.zone
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    1 day ago

    I’ll give credit where it’s due. The memes, the ‘swasticar’ stuff - it worked. The negative bias isnt just some lefties, it’s the drivers themselves feeling it. That stigma is not about to go away, so as long as Musk’s name is attached, the only buyers will be ideological ones.

    And, I don’t think the chuds are enough to float

    Oh well Elon, YOLO

    • EldritchFeminity@lemmy.blahaj.zone
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      This is one of the things that pissed me off during the election campaign. Calling Trump “weird” worked as well, for all of a couple of weeks, and then the party muzzled Walz and never let anyone say it again.

      They had an effective ad campaign that hit their opponents right where it hurt - their fragile ego - and they just…gave up.

      • krashmo@lemmy.world
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        1 day ago

        They had an effective ad campaign that hit their opponents right where it hurt - their fragile ego - and they just…gave up.

        That’s a great overall summary of the DNC right there.

    • Flummoxx@lemm.ee
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      Wow, maybe Elon is the only person capable of getting Republicans out of internal combustible engines and into electric cars. Welcome to Bizzaro World.

  • bstix@feddit.dk
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    Easy come, easy go. I think it was pretty obvious from the start that the richest man on Earth was balancing on a bloated balloon.

    He’s still filthy rich from the payouts he took along the way, but I guess he will soon feel the interests of the Twitter loans piercing into his actual assets.

  • melpomenesclevage@lemmy.dbzer0.com
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    22 hours ago

    wait; musk got child sex slaves from epstein? I was not aware of this, but he just admitted to it holy fuck is there anything evil this shit bag didn’t have a finger in?

  • jumperalex@lemmy.world
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    1 day ago

    In an IDEAL world, Musk will be removed as CEO for both failure to perform (he’s literally not doing his job given that he’s doing all his DOGshitE) and the harm he’s bringing to the brand. No other CEO would be allowed to get away with this.

    Then, in a JUST world the stock will stabilize, start to grow again, and everyone will get back on the EV train with Tesla included. While the Muskrat watches from the sidelines like the loser he is.

    CAVEAT: only if he also doesn’t still own any more of the stock than he could get owning VTSAX like the rest of us.

    • dmention7@lemm.ee
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      Maybe its a bit of a spicy take… but honestly, I’d be okay with this being a death spiral for tesla. They played their role in getting EVs into the mainstream, now let their figurative head rot on a pike as a warning that letting a shithead nazi helm your company is an existential mistake, and not just a bump in the road.

      • jumperalex@lemmy.world
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        I won’t totally disagree. But a lot of employees will lose their jobs and an innovative competitor would leave the market. Maybe a middle ground would be like, a hostile takeover bid that also merged them with Rivian or something. Then a rename to “eXla” just to fuck with Elon :)