Oof, 1 year of gains wiped out
this post was submitted on 25 Jul 2026
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Oof.
I sold my shares years ago, when Musk started to show his first signs of becoming radicalized. Looks like it was a pretty good call.
Unfortunately there are still some worshippers of his, even low key ones.
Nobody wants to buy a car from a car company that only wants to build robots in the future.
I bought an EV recently, and Ive been asked a few times why I didn't get a Tesla. There's a wide range of reasons but the one that's the most fun to say is "I wanted a car made by a real car company".
Yet somehow the asshole is a trillionaire. That don't sit right with me. tf is going on
Not anymore.
Thanks to the freefalling stock.
Not for long if this keeps plunging!
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Musk = POS Nazi.
I no longer trust reported numbers now that the "system" has been grossly manipulated by cheats and scoundrels in power. I still smirk and shake my head at and teslars driving past me on the street though.
I no longer trust reported numbers now that the "system" has been grossly manipulated by cheats and scoundrels in power
🌏🧑🚀🔫🧑🚀
Didn’t you read the headline? It’s in FREEFALL. It’s been SLAMMMED.
/s
Don't be fooled by the headline. Look at the long term trend. It is still high. Just a bump. Its the same price as July 2025.
But capitalism operates under infinite growth assumptions, and perpetually seeks increases in value. Any dip, regardless of how much it actually affects the company's ability to operate and generate a profit, is a problem that spells doom for capitalists.
Note that while that sounds ridiculous, we demarcate value using a currency system that makes standing still look like mild growth. When you ultimately are controlling currency, you can create the appearance of growth under any real world condition you like.
So a company that looks flat in a system designed to make flat look like grown is actually experiencing some decline.
Of course whether that is a decline in product, results, or just random investor sentiment is all up in the air.
And Oct 2021
The company missed Wall Street expectations, despite its core automotive segment generating just over $20 billion in revenue, up 23 percent from a year ago.
How the fuck did it make $20 billion? How the fuck did it make 23% more than last year? Who the fuck is still buying this shit?
When I see people drive them, I wonder why you would buy such a thing.
After a few years on this country's hole filled roads and stone paved streets, they start to break down and develop a distinct squeaking noise, indicating that the build quality is not good at all.
Still, I think it's more of a fashion statement from vain people that will trade it for a new car in 4 years, so build quality does not matter. It says "Look, peasants, I have an imported american car. Envy me, you Peugeot driving scum."
I read the front suspension has a design flaw and needs the rubber parts replaced often to stop the squeak.
As always, people have short memories, or just do not give a shit about ethics
https://www.nytimes.com/2026/06/26/business/tesla-elon-musk-europe.html
Tesla’s vehicle sales rose 77 percent from January through May compared with a year earlier, the European Automobile Manufacturers’ Association said this week. In May, Tesla sold 22,000 cars in Europe. That’s more than Ford, Nissan or Honda, even when including their fossil-fuel models.
Many people seem to have put aside their personal feelings about Mr. Musk after Tesla cut prices for its entry-level models to levels that are competitive with comparable gasoline or diesel vehicles and inexpensive cars from China. In some countries, Tesla’s Model Y sport utility vehicles can be leased for less than 300 euros, or about $340, a month.
“Once you go down the pricing scale, people pay less attention to ethics or morality,” said Matthias Schmidt, an independent analyst in Berlin who tracks electric vehicles sales. “Tesla’s product has become so appealing from a price perspective, it’s almost too good to refuse.”
I remember Tesla sales dropping after this
so I hoped people are still capable of using ethics when making financial decisions but it looks like I was wrong.
As the old saying goes..."Ethics are a luxury that poor people can't afford."
But they can afford a Tesla
If your neighbor has an EV and you don't, suddenly you've decided that you're poor
Damn I must be living in squalor. I don't even own a car! 🫠
The people I know who bought one don't give a shit about ethics. They stayed away from them for as long as they were socially unacceptable, but as soon as the storm blew over they saw their chance to buy one.
Just... a data point. My experience is that at least 20% of a population doesn't care about stuff like this. They care about their own social status, but not ethics.
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How much compensation did musk demand last year as his value for running the company?
How do you lose money selling electric cars when two oil critical straits are blocaded
However, the company's gross profits dropped as operating expenses climbed far quicker than revenue, in large part thanks to AI-related capital expenses and other research and development
By having your CEO come out as a fascist, pissing off the demographic that tends to buy EVs and also stagnating while allowing your competitors to catch up.
Sadly, their car sales are back up in Europe since unfortunately nobody has morals anymore. The real answer is "blowing your money on the next grift - AI and robotics"
Teslas are objectively last Gen. The only reason they still sell well in the US and some other markets is tariffs.
Other US companies are actually competing with them for market share now, too. It certainly isn't helping Tesla sell.
Also, Teslas are starting to get the reputation they deserve: overpriced shitbox vehicles that have horrible build quality because Musk has stripped anything good out of them for profit.
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