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.

  • Embargo@lemm.ee
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    22 days 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?

      • Eatspancakes84@lemmy.world
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        22 days ago

        I mean, it’s just really hard to understand why all these billionaires have decided to become so politically active. 1.) they have more than enough money for 10 more generations at least. 2.) if there is a serious tax hike or other threat to their wealth they can always quietly buy off some key politicians. 3.) if you stick your neck out like Musk (and some other billionaire cabinet members do) you run the chance that people will want to cut it off. If I were a billionaire I would make it my lives mission to ensure that the general public does not know my name.

        • timbuck2themoon@sh.itjust.works
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          21 days ago

          It’s because they want it all. They have all the money. They want to be self righteous and proud of whatever thought that comes into their mind without having to hide it too.

          They’re billionaires already because they can’t stop. Ever.

        • futatorius@lemm.ee
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          21 days ago

          What well-adjusted person would want to become a billionaire?

          3.) if you stick your neck out like Musk (and some other billionaire cabinet members do) you run the chance that people will want to cut it off.

          That’s not a chance, it’s a certainty. People do want to cut it off.

  • jballs@sh.itjust.works
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    22 days 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.

    • NatakuNox@lemmy.world
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      22 days ago

      “There’s an investigation under way to find those responsible for my lost profits!”

      $20 he’ll demand arrest warrets or deportation of anyone not thinking about buying a tesla

      • Ledericas@lemm.ee
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        21 days ago

        cant investigate, when you already emptied most of the departments of investigations.

  • GoofSchmoofer@lemmy.world
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    22 days 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?

    • Drinkwater@lemmy.world
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      22 days ago

      Remember the democrats that have futuristic weather machines? The MAGA Democrats have more powers than the whole MCU.

  • gamer@lemm.ee
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    21 days ago

    The amount of raw, undiluted satisfaction that would come from watching Musk’s fortune disappear would probably be enough to tide me over for the rest of the Trump presidency. I could be sent to a concentration camp slaving away somewhere manufacturing MAGA merch, and I’d still have a smile on my face knowing Elon went broke.

  • SirFasy@lemmy.world
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    21 days ago

    God damn is he stupid. TF did he think was gonna happen when he pissed off the kind of people that buy EV’s

    • GladiusB@lemmy.world
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      21 days ago

      He thought he was smarter and that it would be over in a week. He thought no one would keep listening to the bad and they are the type of leaders that only listen to themselves within their own echo chamber.

  • pyre@lemmy.world
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    22 days ago

    musk melts down

    ah, I was hoping it was literal. maybe one day, fingers crossed.

  • Optional@lemmy.world
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    22 days 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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      22 days 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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        22 days ago

        “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.

    • futatorius@lemm.ee
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      21 days ago

      Musk is going to walk away with billions stolen from taxpayers

      That remains to be seen. Who can predict the future?

  • drascus@sh.itjust.works
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    21 days ago

    Oh wow look taking hard political stances is actually bad for business. A fact known for pretty much all of time. I wonder how the self proclaimed genius didn’t see this coming.

  • Red_October@lemmy.world
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    22 days ago

    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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      22 days ago

      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!

    • AreaSIX @lemm.ee
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      21 days ago

      He’s just thankful that Jeffrey was the man who introduced his brother Kimbal and his girlfriend. So Elon’s sister in law is from the old Epstein stable. Keep it in the family.

  • Wispy2891@lemmy.world
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    21 days ago

    Wow, the president is really scared, he even had to call trump for a photo op in front of a Tesla

    trump had to stop golfing after the president called him for promoting sales of Tesla

  • barneypiccolo@lemm.ee
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    21 days ago

    Cool. I cant wait for Tesla shareholders to file a class-action lawsuit for recklessly and negligently tanking the share price. Their portfolios have taken a significant hit, and it’s directly attributable to his poor public behavior, as well as partnering up with the loudest anti-EV voice on the planet. They have easily demonstrable damages, and it would be an easy case to win. I’ll bet there are numerous lawyers lining up their cases right now.

    AND, its just a matter of time before the Tesla board fires him as CEO. He can wreck the government and Tesla, or he can run Tesla, but he cant do both.