Tesla stock has lost one-third of its value since Trump became president and Musk became whatever he is now. The company was worth $1.35 TRILLION dollars then. It's worth $929 Billion now. That's a loss of $421 billion - ThreadSky

fridaghitis.bsky.social • 2 days ago

Tesla stock has lost one-third of its value since Trump became president and Musk became whatever he is now.
The company was worth $1.35 TRILLION dollars then. It's worth $929 Billion now. That's a loss of $421 billion

Comments

shussey.bsky.social•1 day ago

Still overpriced.

aglea.bsky.social•1 day ago

It's a good start!

1silvergirl.bsky.social•1 day ago

It doesn't matter. He's busy lining his pockets with the government contracts he's cancelling and re-writing to himself.

pidxr.bsky.social•1 day ago

It isn't real until they sell it

to8lerone.bsky.social•1 day ago

I heard people are starting to dump their tesla stock. Like, it could be a run

boekeloo.bsky.social•1 day ago

Prior to the election the high was $270 so we are not even back to that level yet. Now that his sales are tanking, people are realizing that there are better quality EVs and his robots and taxi service are pipe dreams I would expect it to bottom around $85. Oh, the $25k EV is off again, maybe.

heffbombs.bsky.social•1 day ago

I think he’s trying to make up for it…

stephaniebaier.bsky.social•1 day ago

He’s going to take trillions from the country. He’s going to be a multi trillionaire in short order.

garakthetailor.bsky.social•10 hours ago

puckmama.bsky.social•1 day ago

is this the absolutely MOST OVERVALUED stock around?????

usdab33f.bsky.social•1 day ago

Still is.

commonsensegoodgov.bsky.social•1 day ago

Number go down

webrant.bsky.social•1 day ago

FUN FACT: Musk's highly overvalued net worth is now
$343 billion, down -$6.33 billion today and -$89.4 billion so far this year.

https://bsky.app/profile/fridaghitis.bsky.social/post/3lj6c57oiok2n

drboabrahamsen.physician.dk•1 day ago

How much is it in Reichmarks?

missunderstood-ess.bsky.social•1 day ago

MISLEADING - On Election Day the stock closed at 251 - the next day it rose to 288 - today it closed at 281. It has all been the Trump Bump. The stock has been dithering about for the last couple of years - the smart ones did some profit taking during the run up.

correstgump.bsky.social•1 day ago

Election day was the day Trump became president elect, inauguration day was the day Trump became president.

missunderstood-ess.bsky.social•1 day ago

Understood 😆

yellowdogfox.bsky.social•1 day ago

And on December 17 it closed to 479.86, so the plummet in just over two months has been spectacular.

lise-lamimi.bsky.social•1 day ago

the point is: so was the rise. It was artificial election bump. It's all greed...

missunderstood-ess.bsky.social•1 day ago

Thanks Lise!

whereverlq.bsky.social•1 day ago

I m sorry to correct you. Musk is the President.

commasplice.bsky.social•10 hours ago

We can do better

evecuyen.bsky.social•1 day ago

not enough, waiting for the bust

safetybobsf.bsky.social•1 day ago

Let's take it to $0

ruralindependent.bsky.social•1 day ago

Womp womp

tantryl.bsky.social•1 day ago

If you zoom out on the chart this looks normal for TSLA. It does this regularly. It's higher than it's been for most of the last 5 years.

If it drops below $50 I might start thinking it won't just bounce back. It's impossible to predict because it's price has been irrational for so long.

nzheretic.bsky.social•1 day ago

Far too right & far too late to say I told you so.

bludawg1.bsky.social•1 day ago

It would be overpriced even at $1/share....

kellyvdw.bsky.social•1 day ago

What is a quality (non-Nazi) competitor we can all start propping up? Lucid? Imagine everyone talking lovingly about one of his competitors and watching their stock go up.

bubbajet.bsky.social•1 day ago

Lucid is owned by someone in Saudi Arabia.

Rivian are US based, awesome, expensive, and while reliability isn’t great they’re getting better.

I’ve got a BMW i4. It’s an excellent EV, built in Germany by people who know better than to support Nazis. Strong recommend.

superjaded8.bsky.social•1 day ago

Let's take it to zero

will99.bsky.social•2 days ago

So turns out that being a dick in public is not good for your stock market price. Who knew?

r.v.cx•1 day ago

Even after this drop, the PE ratio of Tesla is 140—ie they’d have to pay stockholders every penny of profit for one hundred and forty years for them to recoup their investment. Real car companies like Ford and Toyota? Seven years.

Just an insane meme stock.

charlesjmorris.com•1 day ago

Put another way, to be valued at the same PE ratio as Toyota and most other car makers, TSLA should be $14, not $280.

It still has a LONG way to fall (even the 12 month low is $138 in April 2024) but absolutely this is a great start. 🍾

lpacheco.bsky.social•1 day ago

And Musk’s fortune would drop below Carlos Slim’s. :-)

to8lerone.bsky.social•1 day ago

I heard people are starting to dump their tesla stock. Like, it could be a run

charlesjmorris.com•1 day ago

That's the hope! Get it down to the point where his creditors start asking for more collateral. Good source for more detail:

https://open.spotify.com/episode/5e12TNLHPjNBDBHciwU88l?si=hJpHguKETpmR1FAzGf6meQ

to8lerone.bsky.social•23 hours ago

Keep passing it around.

orygoon.bsky.social•1 day ago

May it fall into a vast black hole.

johnlk.bsky.social•1 day ago

Still insanely overvalued, and higher than it was on election day

gobirds25.bsky.social•1 day ago

It's about to gap down though...unless it defies all fundamentals like usual lol

johnlk.bsky.social•1 day ago

If it went down to $50/share it would still be wildly overvalued. Hard to tell what would burst the bubble at this point.

to8lerone.bsky.social•1 day ago

I heard people are starting to dump their tesla stock. Like, it could be a run

gobirds25.bsky.social•1 day ago

I'm with ya on that!

speedofella.bsky.social•1 day ago

Keep going tsla, we all know where you should be without all the elmo bullshit 〽️↘️

pordy24.bsky.social•1 day ago

Is Musk willing to sacrifice Tesla because he is going to be gaining much more from gov’t contracts, and in the process being insulated from consumers?

davidavid.bsky.social•1 day ago

fwordleproblems.bsky.social•1 day ago

What would the price have to hit for him to lose the World's Richest Man™ thing? I mean, he'd still be absurdly wealthy but it would be kind of satisfying,

jennwa.bsky.social•1 day ago

I'm not sure, but I found this: https://www.barrons.com/articles/tesla-stock-slump-musk-wealth-f04e6014

ndrozda56.bsky.social•1 day ago

I think acknowledgment of debts owed brings him lower than his debt-holders. Putin and MBS are not FDIC banks- if he borrowed from them, there is no repayment without blood and lifetime servitude.

fwordleproblems.bsky.social•1 day ago

this is above my pay grade i guess. at a certain level that kind of wealth is ALL fictional; I'm just kinda joking about whether he gets to keep the blue ribbon. does he owe Putin money literally? (seems like it should be the other way around!)

ndrozda56.bsky.social•1 day ago

“Extreme Wealth” is fictional, and as we see in the plummeting stocks it can be fickle as well. But influence is real- and outstrips any accounting.

fwordleproblems.bsky.social•1 day ago

True enough!

briancullen.bsky.social•1 day ago

Feels like when someone commits arson to try to hide a murder

bufflorikkie.bsky.social•1 day ago

Very on-brand for Elon Musk.

unreal-axabjay.bsky.social•1 day ago

let's gooooo

#TeslaTakedown

coleplay.bsky.social•1 day ago

Let’s keep it dropping

heyaintthat.bsky.social•1 day ago

I guess it wasn't actually worth that much

paradigm317.bsky.social•1 day ago

Leveraged as well to the hilt

johnjulitz.bsky.social•1 day ago

It’s funny that you could reverse that and it would still apply.

“Since Musk became president and Trump became whatever he is now.”

bentarzynski.bsky.social•1 day ago

It's lost over 40% since December 17th. Even worse.

kjinbkk.bsky.social•1 day ago

And a realistic valuation would put it at under $100 billion

totallyincredulous.bsky.social•1 day ago

CFO, Chair, & the brother offloaded ~$73M shares this month + the BofD had a $919M lawsuit settlement in Jan
https://www.cfodive.com/news/tesla-cfo-chairwoman-offload-millions-stock-compensation-elonmusk-electricvehicles/739593/

ediblepetals.bsky.social•1 day ago

Trump bankrupted 6 casinos. They’re both grifters

uslongtorso.bsky.social•1 day ago

When is Musk’s margin call?

aminosbilly.bsky.social•1 day ago

justincrane.bsky.social•1 day ago

Now click on the 5Y button.

lise-lamimi.bsky.social•1 day ago

true. The stock rocketed with the election. Shareholders who didn't sell then were just greedy... just like musk

jasonvanthiel.bsky.social•1 day ago

And would still need to lose another -80% to get to Meta’s valuation multiple.

rtothegg.bsky.social•2 days ago

He got high on his own supply!!

dogsartandme.bsky.social•1 day ago

He got much of his money using the left’s push for alternative energy getting paid for carbon offsets, not selling cars. Those will be gone now which is why he is there trying to get contracts he might not be able to ramp up to fill. He just wants the US government to give him money.

dnhudson.bsky.social•1 day ago

Yay! Hope it loses more.

tsundokupuzzle.bsky.social•1 day ago

I think "what the company is worth" and "what the stock price is" are very different in this case. A lot of Tesla's stock price is based on investor optimism about the company's future earnings, not any kind of estimate based on actual company assets and revenues. IMO the price is hugely inflated

dmvbizman.bsky.social•6 hours ago

Even at $929 billion Tesla is still insanely overvalued.

GMC market cap: $48 billion
Ford market cap: $35 billion

Tesla is valued like a tech company, not a car company, because investors believed his lies about AI and robots, etc. They're starting to wake up and Tesla now has a LONG way to fall.

hvanderheide.bsky.social•1 day ago

He's not going broke. Starlink falls under SpaceX not Tesla. SpaceX is not publicly traded.

mbomara.bsky.social•1 day ago

But what is his end game? This sounds like when Twitter lost so much of its value soon after he bought it. He didn’t care, and look at him now—more power and $$$ than ever

chesterzeking.bsky.social•1 day ago

His endgame is to become the provider of AI services to the government. He own AI tools that he will sell to the government to make up for the fired employees. That is worth way, way more than Tesla alone. He will double his wealth again within 2-4 years.

kcwilson.bsky.social•1 day ago

Perhaps, but why is it always the ruthless, evil a**holes who are in a position to make such a fortune for themselves at the expense of the rest of us?

Never mind. My question actually answers itself.