• ch00f@lemmy.world
    link
    fedilink
    English
    arrow-up
    16
    ·
    2 days ago

    For everyone blaming his politics for the decline, you clearly weren’t paying attention when 75% of Tesla shareholders voted to pay him a $1T bonus last November.

    The people dealing with stocks don’t care about his politics.

    • BeardededSquidward@lemmy.blahaj.zone
      link
      fedilink
      English
      arrow-up
      4
      ·
      2 days ago

      They love his politics, I wonder how many he helped out cutting up regulatory agencies that may have been looking into their own companies they’re CEOs to.

  • FinishingDutch@lemmy.world
    link
    fedilink
    English
    arrow-up
    17
    ·
    2 days ago

    Good god, people were actually believing in that stock? Fucking idiots. 😂

    That’s a meme stock, or something you buy a single share of just to say you have it. That wasn’t ever going make you rich, certainly not in the short run.

    • locahosr443@lemmy.world
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      1
      ·
      2 days ago

      If you wanted to gamble some money on it the only smart play was obviously to aim for something safe like 10% and ride the first 24 hour pump and dump. I considered it but the whole thing felt just too dumb even to risk that.

      It’s mad that anyone thought this was anything but a panicked debt rescue and exit scheme

  • GarboDog@lemmy.world
    link
    fedilink
    English
    arrow-up
    18
    ·
    2 days ago

    What… did they think was gonna happen??? It was a huuuuge pump and dump wealth transfer. It was so fucking obvious

  • melsaskca@lemmy.ca
    link
    fedilink
    English
    arrow-up
    11
    ·
    2 days ago

    If you can’t keep up with the corrupt big boys who own and manipulate the stock market then buy a fucking RRSP. There is no such thing as a free lunch (unless you are one of the corrupt big boys who own and manipulate the stock market).

  • Cam@scribe.disroot.org
    link
    fedilink
    English
    arrow-up
    13
    ·
    2 days ago

    You don’t understand, Elon is a genius and this is all part of his plan. /s
    Btw, now that his stocks are plummeting, do you think banks will make him pay them back? That would be fun.

  • 1984@lemmy.today
    link
    fedilink
    English
    arrow-up
    16
    ·
    2 days ago

    It’s so hard to believe how people put so much money into a completely unknown stock (and with the joker Elon Musk involved in it) on day one. These people are not on their first day as investors but they are sure acting like it.

    I think too many kids grew up on social media and believe whatever they read there. Fed by algorithms.

    Even though, these guys have so much money so I guess it’s adults? It’s pretty shocking.

  • drath@lemmy.drath.ru
    link
    fedilink
    English
    arrow-up
    21
    ·
    3 days ago

    -24% since IPO is still crazy high. I expected it to drop at least 50% day one. But alas, people are idiots