Since peaking at $479.86 on Dec. 17, Tesla shares have lost over 50% of their value, wiping out over $800 billion in market cap.
  • Tailzse836@lemm.eeEnglish
    34·
    4 hours ago

    Whats crazy is that even after losing more than half its value recently, it still has a PE ratio of around 128. Lol Can’t wait for the earnings to be released in April for the real bloodbath to start. Would be hilarious if it drops so much that FElon get’s margin called 😂

  • radiohead37@lemmynsfw.com
    491·
    6 hours ago

    Global sales of electric vehicles, including fully electric and plug-in hybrid models, increased 21% in January from a year ago, even as Tesla’s sales declined.

    I found this part the most interesting. I was under the impression that EVs in general were on a downturn, but it seems it is only Tesla. Time to remove Elon from Tesla.

    • masterofn001@lemmy.ca
      4·
      2 hours ago

      I found this part the most interesting. I was under the impression that EVs in general were on a downturn, but it seems it is only Tesla. Time to remove Elon from Tesla.

    • partial_accumen@lemmy.world
      26·
      5 hours ago

      I was under the impression that EVs in general were on a downturn

      The EV naysayers are likely to blame for that impression. EV growth rate has declined. EV sales are still growing, just at a slower rate that before.

      • krashmo@lemmy.world
        4·
        3 hours ago

        I bought an EV in November and everyone in my red state loves to ask me questions about it. Some start in a condescending place but most are genuinely interested in them.

    • CharlesDarwin@lemmy.worldEnglish
      1·
      2 hours ago

      It’s pretty weird to watch markets - S&P 500 is down more than 3% this week, while international index like VXUS has gone up nearly 1% this past week.

      Seems like little d and fElon are doing a helluva job. I think this kind of thing is…rather unusual. VXUS did have a bad day today, but still not as bad as S&P.

    • CmdrShepard42@lemm.ee
      11·
      6 hours ago

      I think they’re on a downturn in the US with interest rates being so high and rebates evaporating away, but globally they’re doing well with all the shenanigans going on in China as well as Europe being more forward thinking.

      • AA5B@lemmy.world
        2·
        3 hours ago

        Incentives evaporating, chargers not getting built, legacy manufacturers backing away from EVs on the promise of cheap gas, revoked efficiency requirements, and no regulation of carbon emissions. US never did get to the point of a healthy EV ecosystem, and now we step back to square one

    • CharlesDarwin@lemmy.worldEnglish
      3·
      2 hours ago

      The guy is a welfare queen who thinks he’s a hero from one of Ayn Rand’s horrible sci-fi novels.

      It’s too bad he’ll be able to send more money to his companies because he bought little d.

      • usernamesAreTricky@lemmy.ml
        2·
        2 hours ago

        Tesla share price is largely off of vibes, not how the company is actually doing. Boycotts and protests hurt the vibes more than the Trump money slush fund helps the vibes

        If it was prices like every other automaker based on profit, it’d be enormously lower in price than it is

        • CharlesDarwin@lemmy.worldEnglish
          1·
          1 hour ago

          vibes

          Oh, I don’t doubt it for a minute. I’ve been giving that P/E ratio side-eye for years and years and I have no idea why people were wanting to buy some meme stock at ATHs because they just saw it go up (well, I do know, that’s largely how human psychology works, I guess. FOMO and figuring that looking in the rear view mirror is a great way to buy stock).

          VW has an EV, P/E ratio in single digits now, though it has apparently spiked in 2016 to triple digits. Ford also has an EV, same thing, P/E ratio of single digits, though they have crept up to double digits in the not too distant past.

          P/E ratio of TSLA in March 7, 2025 - 161.23. That’s still insane, but if you look back, they had P/E ratio over a 1100!

          It gets even worse when you watch videos like the ones thunderf00t has put out there on fElon…

  • IninewCrow@lemmy.caEnglish
    11·
    6 hours ago

    I wonder what crisis they’re going to create to distract, dismiss or deny that this is happening

    • My_IFAKs___gone@lemmy.world
      3·
      3 hours ago

      “Trans immigrants are forcing dogs to transition to match their owners’ gender and then they’re eating them and it’s happening in every blue state and tariffs are the only way to fight it”

  • 1984@lemmy.today
    115·
    6 hours ago

    I tried to buy at - 12% but market wanted - 15% today… Sold and switched to Nvidia. :)

    Nvidia have quality products, tons of money and doesnt have an insane person in charge, so…